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    Bitcoin Daily Discussion, November 20, 2019

    November 20, 2019

    Bitcoin Daily Discussion, November 20, 2019

    Daily Discussion, November 20, 2019

    Posted: 19 Nov 2019 11:00 PM PST

    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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    Obvious choice

    Posted: 19 Nov 2019 03:55 PM PST

    Bitcoin miner dumps $17M inventory into an already weak market as price battles with $8k level.

    Posted: 19 Nov 2019 05:56 AM PST

    Fidelity wins NY BTC trading license

    Posted: 19 Nov 2019 05:30 PM PST

    Financial Times: Fidelity wins bitcoin trading and custody licence in New York. https://www.ft.com/content/eb3fce1c-0a80-11ea-b2d6-9bf4d1957a67

    submitted by /u/thehungrytony
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    First German bank to collect a “depositary charge” of -0.5 per cent on instant access savings accounts with deposits of €1 and above

    Posted: 19 Nov 2019 10:06 PM PST

    When you say btc is a bubble in a room full of crypto traders!

    Posted: 19 Nov 2019 10:42 PM PST

    State grabs money from account. 1 more reason to own btc

    Posted: 19 Nov 2019 10:19 PM PST

    I had an event happen earlier today that I thought would be worth sharing just to remind people why we on bitcoin. Back in 2005 I may have gotten in a bit of trouble in the street racing scene. Forgot to pay my probation fines and oddly enough 12 years after I got off probation I wake up to my checking account being at 0. Naturally I called the bank and ask what's going on. Apparently the state decided to garnish my account with no prior warning for those old fines. It's a legitimate debt I'm not really that upset I have other money but it's a warning. At the click of a button your bank account can be turned off. Governments can take your money and then you're going to court trying to prove that they shouldn't have. It's also a good reminder not to keep your coins on exchanges.

    submitted by /u/whalecheetah
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    Millennials Increasingly Prefer Bitcoin to Gold or Real Estate

    Posted: 19 Nov 2019 05:24 AM PST

    But how does bitcoin actually work?

    Posted: 19 Nov 2019 03:43 PM PST

    Unbelievable. International money laundering expert arrested for money laundering.

    Posted: 19 Nov 2019 10:23 AM PST

    Andreas Antonopoulos - What Makes Bitcoin So Unstoppable. Timestamps Included.

    Posted: 19 Nov 2019 08:19 PM PST

    An introduction to BitBoxTep. Our new tamper-evident packaging.

    Posted: 20 Nov 2019 02:27 AM PST

    Teaching oligarchs about the benefits of Bitcoin: hackers release 2TB of data (Sherwood) for " look inside the operations of an international bank catering to the rich and powerful and those seeking to hide their activities, as well as of the banking system itself"

    Posted: 19 Nov 2019 11:34 AM PST

    Fidelity Digital Assets Can Now Facilitate Bitcoin Custody and Transactions

    Posted: 19 Nov 2019 02:50 PM PST

    What's the current state of side chain development - Is there more work still being done these days?

    Posted: 19 Nov 2019 11:06 PM PST

    Bakkt, Fidelity Will Store Galaxy Digital’s New Bitcoin Fund Holdings

    Posted: 19 Nov 2019 07:55 PM PST

    Just watched a video explaining mimblewimble. Don't all non-privacy coins, BTC included, have a fatal flaw?

    Posted: 20 Nov 2019 02:39 AM PST

    Don't all non-privacy coins like Bitcoin have a fatal flaw, in which the fact that all transactions are public, you're literally giving away everything regarding your financial situation? Given that it is a taboo today to even ask for a person's salary or wealth and money is a fairly looked down upon subject altogether, how and why would people even use money that would make it possible for "everyone" to know about everything you're doing financial-wise? And sure, the address isn't linked to your name/identity, but there are few instances where your identity simply is known, like within a family (and you are trying to surprise someone with a gift or other reasons), or as a company (and you're trying to gain competitive advantage by buying XYZ - now everyone knows), or even something like a stalker seeing you buy a coffee from a coffee shop: if he's smart, he can fairly easily interpret what you're doing each day and capitalize (by checking all your transactions and looking for public places like your school, other shops or like hobbies) on it plus more you can figure out yourself given some creativity. And yes you can always make a new wallet but once you make a single transaction with it, its cover is partly blown, especially if you only use it for once specific transaction (and make it right after you've received your funds), plus I'm sure ,,everyday people" would find that inconvenient (unless you always load it up from an exchange which is even more inconvenient). Plus, if you were trying to use the "oh we want everything public so that no one can be doing money laundering etc., wouldn't these people simply use privacy coins if they wanted to, essentially rendering this sake of the public records useless (making it like the dark web? Not everyone using it is a criminal but criminals do use it)? So wouldn't all people, in the end, resort to a privacy coin, like Monero or a mimblewimble based one, for the sake of their...privacy (if governments somehow didn't ban them)? And I know there has been a post about this great Nano wallet recently, that always generates new addresses to transact with to partly solve this, but this only proves the point of how important privacy is and why the vast majority of coins today are simply unusable and therefore unadoptable. Are there other measures taken in order to guarantee the users privacy in btc or other projects that are not privacy coins?

    Please know that a) I'm not shilling, I own a fairly proportional stake in all mentioned projects (but a mw based one) and b) I'm super open to discussion! c) I'm not new to crypto, but have never viewed this as a problem, rather as a...feature I suppose...

    submitted by /u/Bacteria_E-coli
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    Localbitcoins froze my account with ~6 BTC on it... help, please!

    Posted: 19 Nov 2019 12:56 PM PST

    After recent change in LocalBitcoins verifications procedure many users got into painful verification trap.

    I am among them.

    I actively trade on LocalBitcoins. My volume reached $200 000 some time ago, and with new verification system I got around 6 BTC trapped into LocalBitcoins. Unable to trade and unable to withdraw.

    Due to technical problems in verification module provided by onfido.com I can not pass liveness test. My verification status stuck in between.

    If someone is dealing with the same issue, lets gather here to discuss our options. Technical support keeps silence.

    During these days I've lost over $3500 in rate volatility. I don't think LBTC will cover these losses. Also no disclaimer for this risk is there... I don't want to go legal about this, even though I am quite desperate now...

    Maybe some public exposure of the problem will help, IDK.

    submitted by /u/amochkin
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    ELLIPAL Cold Wallet Supports Importing Private Keys to achieve trustless trust

    Posted: 20 Nov 2019 12:13 AM PST

    Sent money to wrong account buying BTC. Bank asking for details of the order

    Posted: 19 Nov 2019 11:57 PM PST

    i bank in the UK with monzo. when buying from Local Bitcoin i typed in the account number wrong and send the money to the wrong bank account. in the UK legally your bank has to return your funds. My bank have however first asked "How much the payment was for" "The name of the merchant" "the date" and "the delivery address"

    most BTC sellers say not to mention bitcoin in the transaction. what am i best writing regarding the merchant and the delivery address? the BTC Vendor just gave a random name *NAME* ltd. shall i just give that name and my billing address as delivery? there is no results on google for their name that link to anything related to bitcoin

    submitted by /u/fd40
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    State Banks in India Report Fraud of $13 Billion in 6 Months and They Want to Ban Bitcoin Because of Possibility of Fraud

    Posted: 20 Nov 2019 01:10 AM PST

    This is my 5th or 6th big dip. I've finally learned to buy the fucking dip!!

    Posted: 19 Nov 2019 05:56 AM PST

    Both on the way down and up.

    submitted by /u/Hash-Basher
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    Investment Case for Bitcoin

    Posted: 19 Nov 2019 01:09 PM PST

    The birth of decentralization

    Posted: 19 Nov 2019 12:34 PM PST

    The system is collapsing. We see massive government distrust in the world right now. Mexican government overtaken by the Cartel, Chile government sending out the army to stop protesters, Hong kong civil war, Venezuela hyperinflation, Iran fuel protests and government shutting down the internet.

    It's only a matter of time when these tragic events will spread to the west.

    What will happen when people realize that the government is not to be trusted? Currency should not have any political influence and not be printed into oblivion at will.

    What we can learn from these events is that centralization leads to power hungry elites destroying the world with their greed.

    We need to move back to the gold standard, or since we're in the digital age, the bitcoin standard.

    submitted by /u/Chipupuu
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    What’s the status on AMP for the lightning network?

    Posted: 19 Nov 2019 01:48 PM PST

    Has any of the lightning devs issued an update on this crucial functionality for the lightning network?

    submitted by /u/RenSylvain
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    A new report reveals that over 1,500,000 bitcoins have not been touched since 9 years

    Posted: 19 Nov 2019 11:11 PM PST
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