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    Bitcoin Daily Discussion, October 31, 2019

    October 31, 2019

    Bitcoin Daily Discussion, October 31, 2019

    Daily Discussion, October 31, 2019

    Posted: 31 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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    11 years ago today...

    Posted: 30 Oct 2019 07:29 PM PDT

    Number one reason banks are so scared!!

    Posted: 30 Oct 2019 05:55 AM PDT

    I am now officially taking LIGHTNING payments on my online store. Here's the rundown on how I got it done.

    Posted: 30 Oct 2019 07:24 PM PDT

    E-commerce is a tricky bitch, but if you can manage to understand the psychology of selling a product online and you learn the skills to allow for a seamless transaction, then you're in for a career that you own and control.

    A few days ago, I told the community about my progress i accepting Bitcoin on my apparel store. We're getting around 50-60k impressions every month, a lot of eyes and transactions around a small operation like ours. Nevertheless, the mere fact that we're accepting Bitcoin as a payment option goes to show the possibility of driving this mainstream. Let me elaborate:

    Shopify just announced that they crossed 1 million merchants on the platform. Bitcoin is being offered as a NATIVE checkout option via Coinbase Commerce. However, this is where things fall apart. Here's why:

    • Few people want to spend their Bitcoin
    • Those that do want to spend it and believe in its future as a currency don't trust Coinbase

    So, I got to work. I did my research and realized that language around Lightning always involves speedy transactions without intermediaries. This implies that the community that revolves around lightning is slightly different and actually prefers to spend their Bitcoin in support of the idea of Bitcoin as a currency. Whether they spend and buy again is a whole other issue.

    With this in mind, and based off a recommendation by u/bitcoinusuario, I ran into a small startup out of California called Opennode. I reached out to them directly, told them about the community's recommendation of their platform, and we got to work on an integration with Shopify. Fortunately, they had already begun work on this and offer it right out of the box. They ran me through an expedited approval process, I got a hold of the API keys and BAM:

    WE ARE INTEGRATED WITH SHOPIFY! (find the new integration at the bottom)

    The way it works is:

    1. A customer lands on the store and adds their items to their cart
    2. He clicks checkout and is presented with the quick one-click payment integrations that are native to the platform (Apple Pay, Google Pay, Amazon Pay, and PayPal). You can't expect me to get rid of these 😇
    3. If he wants to pay with a credit card or installment payments, he skips this and proceeds by entering his email address and shipping information.
    4. In the final screen of checkout, he's once more presented with all his payment options. Bitcoin is there!
    5. Once selected, you click complete payment and you're taken to the payment's screen for Opennode. LIGHTNING IS NOW AN OPTION!

    I'm not sure you understand how crazy this is guys. Bitcoin and Lightning are sitting next to the ranks of the world's biggest payment processors. What I'm working on now is getting more language right below the quick checkout buttons that point to Bitcoin as a payment option. I do not have access to the checkout.liquid files with my current plan, so this will have to come next year. Nevertheless, I'm thrilled to have accepted my first Bitcoin transaction yesterday. I had a few transactions go through with my older integration, but I'm happy the order went through seamlessly, the items were shipped, they got their tracking information, and they are now on their way to the customer.

    Now, it's just a matter of getting other merchants to accept it. So it's up to YOU to start requesting this from every single merchant you buy from. Send them a quick email and say: Can you please accept Bitcoin? It's as simple as that. Don't give them shit for accepting credit cards through banks. You guys gave me hell because I was accepting Bitcoin via Coinbase Commerce. I admit, I did it because it was quick and it offers Litecoin and Ethereum as additional payment options. So if you would like to see these 2 back, please let me know in the comments!

    If you run a store on Shopify, Woo Commerce, PrestaShop or OpenCart,, please consider adding Bitcoin as a payment option. If you're thinking about opening up a store, go here to see it in action and DM me with any questions on how to get started in e-commerce. If you have any suggestions on how to get the word out on stores that are currently accepting Bitcoin, I'm all ears.

    One last thing. The reason why I can't skip Opennode and go completely native is that the experience HAS TO BE SEAMLESS for the customer. Sending out an e-mail to the customer with a wallet address is barbaric and unrealistic. This, however, is a step in the right direction.

    Cheers guys and thanks for reading. Carry on!

    submitted by /u/GoKone
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    It's a win win situation

    Posted: 30 Oct 2019 11:21 AM PDT

    Bakkt did over $30 million of volume last week

    Posted: 30 Oct 2019 02:01 PM PDT

    Tony Hawk speaking at Bitcoin2020!

    Posted: 30 Oct 2019 12:36 PM PDT

    This IS the Bitcoin Explained Book you should be sharing with people who KNOW NOTHING about Bitcoin and tech

    Posted: 31 Oct 2019 01:41 AM PDT

    Being someone who has been investing and heavily building services on Bitcoin, Ethereum and alike public blockchains for the last few years, I often get asked about the Bitcoin by friends and family. And while I do enjoy talking about it over and over, it did occur to me at some point that the lack of understanding of the technology IS one of the reason (if not the main reason) for what seems to be a fairly slow pace of adoption. It's been over 10 years now and still most of the action is in trading space :( We have crypto exchanges exceeding billion USD daily in turnover and yet not a single widely known online retailer accepting crypto!

    So, after two years of being in the building part of the ecosystem, I decided to put some time aside and work on that "adoption issue", starting with my friends and family. Unfortunately, nearly all current onboarding guides on the subject are still way too complicated for the mainstream. The mainstream audience knows nothing about the technical aspects of the blockchain and the originating concepts like UTXOs, proof of work, hashing, mining, private keys and the list goes on and on. Combine that with the fact that most people don't really understand traditional financial systems they are left somewhat clueless not only about WHAT Bitcoin is but also WHY it was created in the first place.
    So, long story short, I decided to write a guide that both my friends and relatives would be able to grasp without compromising on some essential elements of the Bitcoin blockchain.

    This is my first onboarding guide for someone with zero-knowledge in the field.
    https://github.com/horizontalsystems/Bitcoin-Explained-Guide/blob/master/Bitcoin-Explained-Simple-Terms.pdf

    Enjoy!

    submitted by /u/esengulov
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    Tony Hawk Responded- might bring his ramp to Bitcoin 2020!!!

    Posted: 30 Oct 2019 05:32 PM PDT

    Bitcoin Trust Wins Go-Ahead in Canada After 3-Year Fight

    Posted: 30 Oct 2019 02:30 PM PDT

    "The Bitcoin Fund" given green light to list on stock exchange in Canada

    Posted: 30 Oct 2019 03:53 PM PDT

    Bitcoin: today is the anniversary of the whitepaper - The Cryptonomist

    Posted: 31 Oct 2019 01:25 AM PDT

    Solution for reclaiming your bitcoins

    Posted: 31 Oct 2019 03:32 AM PDT

    Solution for reclaiming your bitcoins

    Solution for reclaiming your bitcoins?

    There's as much as $10 billion in stolen crypto out there in the market, according to Pawel Kuskowski, CEO of blockchain sleuthing firm Coinfirm. And he wants to give victims a fighting chance at getting their funds back.

    Coinfirm has teamed up with global investigations firm Kroll, a division of consulting firm Duff & Phelps. The joint initiative being launched is called ReclaimCrypto, and combines the latest blockchain forensic techniques with the more established world of legal investigation and asset recovery.

    ​

    How does it work?

    https://preview.redd.it/iffd7br8tuv31.png?width=1179&format=png&auto=webp&s=aabf17adebaada7f51440ab4313e443d1adcb31c

    Examples:

    https://preview.redd.it/hm9ck9ratuv31.png?width=784&format=png&auto=webp&s=3c7ae8ea4dc1bbb779842c8f2c9c8b3759a2d35e

    Source:

    https://www.coinfirm.com/reclaimcrypto/

    https://amlt.coinfirm.com/

    ​

    Article:

    https://www.coindesk.com/theres-a-new-way-to-get-your-stolen-crypto-back

    submitted by /u/pixdistant
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    Aluminum Bitcoin signs For Sale roughly 24 x 24 out of 1/8 thick aluminum .01 BTC including shipping can ship anywhere in North America. beyond north america hit me up and we can figure out shipping

    Posted: 30 Oct 2019 02:34 PM PDT

    Bitfinex adds native SegWit support for Bitcoin withdrawals

    Posted: 30 Oct 2019 05:45 AM PDT

    Binance adds support for Russian rubles for direct fiat-to-crypto trading - The Block

    Posted: 31 Oct 2019 02:47 AM PDT

    Future generations are going to hate us because we got bitcoins on the cheap just like how we dislike boomers with how they got houses on the cheap.

    Posted: 30 Oct 2019 07:45 AM PDT

    Chinese Communist Party Launches Very Own “Xitcoin,” Thanks Zuckerberg for the Idea

    Posted: 30 Oct 2019 02:02 PM PDT

    Bitcoin mining revenues will possibly trend to about 1% of circulating supply value / year. Market will decide.

    Posted: 31 Oct 2019 03:12 AM PDT

    Bitcoin Surpassed $1 Billion cumulative fee after 10 years while JP Morgan overdraft fee was $2 billion for 2017 alone.

    Posted: 30 Oct 2019 11:49 PM PDT

    Bitcoin Thrust Into the Spotlight Following Banking Outages in America

    Posted: 30 Oct 2019 02:19 PM PDT

    Some one should try and tell conservative street artist Sabo about Bitcoin, because PayPal just de-platformed him and is holding his funds for six months

    Posted: 30 Oct 2019 08:39 PM PDT

    Some one should try and tell conservative street artist Sabo about Bitcoin, because PayPal just de-platformed him and is holding his funds for six months

    wonder if this will cause him to accept cryptocurrency in the future?

    submitted by /u/anzel2002
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    SLP121 Yan Pritzker – Intro to Bitcoin Mining (Beginner episode)

    Posted: 31 Oct 2019 03:57 AM PDT

    Canadian Fund Manager to List Bitcoin Fund on Major Stock Exchange

    Posted: 30 Oct 2019 03:18 PM PDT

    Top 15 Ways To Buy Bitcoin In Nigeria in 2019 - BlockNewsAfrica

    Posted: 31 Oct 2019 03:38 AM PDT

    Chinese Bitcoin Mining Machine Maker Canaan Files for U.S. IPO

    Posted: 30 Oct 2019 07:17 PM PDT
    Read more
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