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    Bitcoin Daily Discussion, December 02, 2019

    December 02, 2019

    Bitcoin Daily Discussion, December 02, 2019

    Daily Discussion, December 02, 2019

    Posted: 01 Dec 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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    Winners of the Bitcoin Trick Mug give away.

    Posted: 01 Dec 2019 09:58 PM PST

    "Remember, the Force will be with you, always."

    Posted: 01 Dec 2019 09:50 AM PST

    Video: Supercar Blondie shows off the Franck Muller Bitcoin Watch

    Posted: 01 Dec 2019 11:50 PM PST

    Where should you trade your Bitcoins? Centralized or Decentralized crypto exchanges? once and for all.

    Posted: 02 Dec 2019 02:05 AM PST

    Harvard's blockchain labs just published this clear and helpful article to solve the question once and for all:
    https://blogs.harvard.edu/blockchain/the-pros-and-cons-of-crypto-exchanges-platforms-explained/

    one thing that bothered me in the article is the saying of CZ (head of Binance) "we're ok to do things very creatively to avoid unnecessary regulation" - that is almost criminal saying
    what do you guys think?

    submitted by /u/Northorma
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    Subliminal message from Lagarde

    Posted: 01 Dec 2019 03:48 PM PST

    Why should I run a Bitcoin node? - Ministry of Nodes

    Posted: 01 Dec 2019 07:17 PM PST

    I'm the guy who "lost" ~4 BTC on Lightning Network

    Posted: 01 Dec 2019 03:56 AM PST

    Hi All,

    I'm the author of that post: https://www.reddit.com/r/Bitcoin/comments/dlvokv/how_i_lost_4_btc_on_lightning_network/, and wanna give some important advises and explain what happened.

    In the end, it was LND that saved my coins and most of them are already RECOVERED.

    With huge support from the LND community those were the successful steps:
    Step 1: coop-closed channels with funds on seed
    Step 2: remote force-closed channels with perCommitPoint in channel.db
    Step 3: remote force-closed chnnels where we have to ask peers for the perCommitPoint
    Step 4: try with SCB again with remaining channels
    Step 5: still open channels, try force-closing with old stat

    Advises:

    1. If you have a physical server always use UPS power supply to prevent power fails.
    2. If you wanna force-close channels, always do it manually, one-by-one when your node is FULLY SYNCED.
    3. Create SCBs (static channel backups) every time after opening a new channel and keep your 24 words seed.
    4. After pressing the "RETRUN" button, don't panic, WAIT and don't press Ctrl + C (like me) instantly after that.
    5. Inform yourself how that system works before sending higher amount of coins there.

    ​

    Regards,
    ZipoTm

    submitted by /u/ZipoTm
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    $17,000,000 worth of btc on franck muller watch

    Posted: 01 Dec 2019 05:43 PM PST

    Why are you bullish on Bitcoin? Why do you HODL?

    Posted: 01 Dec 2019 03:29 PM PST

    Simple as that. I'm curious

    submitted by /u/jtwoods
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    How Bitwala can take your money away!

    Posted: 02 Dec 2019 02:46 AM PST

    "Bitwala is the first blockchain bank account. Get a fully licensed and regulated German current account with cryptocurrency trading features, a debit card, and a built-in Bitcoin wallet. We enable fast, intuitive cryptocurrency trading and the possibility to manage your cryptocurrencies and Euros in one place."

    ​

    This is what Bitwalare declares but the reality is absolutely different. If you want to know how Bitwala can take away your money, keep them for weeks, make the live hard, and request tons of papers without any reason for this, continue reading below. Not interested - try yourself but be aware of the high risk and harm which so-called bitcoin-friendly "first blockchain bank account" can cause to you!

    I registered Bitwala account more than 6 months ago and was glad to be able to deal with an officially licensed bank service that supports bitcoin. I started buying and accumulate some bitcoins there, although the rates are not so tasty but they are also not so bad. To me, it looked like a good price for keeping a part of my investments in a safe place.

    Bitwala provides a page, called "Handle", to buy/sell bitcoins in realtime. So, whenever I needed it, I could buy or sell some. Up to the recently, when they started requesting mobile-pin. It's a good thing to have but only if it works as expected. When 4 of 5 SMS comes with a delay like 10 minutes, it means that you can't use the service. Sometimes, even can't log in! So, in the beginning, it was annoying. After the 3d lost opportunity to buy some coins by a very good price because all SMSs were delivered too(!) late, I informed the Support team about the issue. Moreover, I executed the transfer to move my (6K) money away. And you know what, they didn't reach the recipient, neither returned back!

    On my request, Bitwala started sending me tons of questions about where I took this money from, how much I earn, why I'm buying Bitcoins, and how familiar I'm with the cryptocurrencies?! (wtf). In the reply, they claimed their bank partner, that those questions are required by it. I had to send my income confirmation, and answer crazy questions, and still, after 10 days, I'm struggling to get my money back!

    ​

    Why I'm sharing this - to warn the community about the worst "blockchain bank account".

    I keep the copies, emailing, etc. So, can prove every word.

    ​

    P.S. a couple of other stupid questions, allowing for the fact that the mentioned transactions (buying/selling coins) were executed on Bitwala. Are you joking, Bitwala?!

    - Please provide supporting documentation regarding the transaction/s (e.g. invoices, contracts, agreements).

    - Please provide appropriate supporting documentation establishing the origin of the crypto assets of the below mentioned transaction/s (e.g. trading history, screenshots from exchange platforms, etc.).

    submitted by /u/MaksymN
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    r/Bitcoin now with 1,200,000 members! HODL!

    Posted: 01 Dec 2019 05:18 AM PST

    Amazing! Solid growth over the past 2 years .

    submitted by /u/kozmos_vp
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    Just wanted to say thanks to the person that put $1500 in the donation box.

    Posted: 01 Dec 2019 09:12 PM PST

    To whom it may concern,

    Thank you for your 0.22 BTC! Thank you!
    https://www.blockchain.com/btc/address/113N4Bi3zmQzKexxdEVRcFWa4pK4MRueW

    I hope the highest court of New York will be sending the case back to the lowest court so we can have a fair and honest discussion.

    Theo Chino

    submitted by /u/theochino
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    Hodl Hodl supports the Lebanese community with Freedom week and half-off the exchange commission

    Posted: 02 Dec 2019 03:48 AM PST

    Coinbase owns 966.23k Bitcoin, and BitMEX owns 265.14k Bitcoin

    Posted: 01 Dec 2019 05:56 AM PST

    Good year in crypto? Think about donating to charity.

    Posted: 02 Dec 2019 02:43 AM PST

    Hey reddit.

    Bitcoin has had a much better year than 2018. Pretty sure a few of you have made some gains.

    If you have been lucky please consider giving to charities this year. There are a lot that accept crypto.

    2 years ago I donated 25 Bitcoin to charities, around 20 that accepted crypto. You can find a list of them here https://old.reddit.com/r/Bitcoin/comments/7o772y/im_donating_25_bitcoin_to_good_causes_update/

    A few days later /u/PineappleFund came in and donated 5057 Bitcoin to charity!! https://www.reddit.com/r/Bitcoin/comments/7jj0oa/im_donating_5057_btc_to_charitable_causes/

    I am not in the position to donate this year unfortunately but I've not seen a thread started like this yet so just wanted to get people thinking about giving to charity.

    Have a good holiday.

    submitted by /u/deannolan
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    SHA256 checksum of latest Trezor One bridge install? (2.0.27)

    Posted: 02 Dec 2019 01:19 AM PST

    Does anyone have the SHA256 checksum of the installer for the latest Trezor One bridge install?

    submitted by /u/dankvibez
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    Mentor Monday, December 02, 2019: Ask all your bitcoin questions!

    Posted: 02 Dec 2019 03:00 AM PST

    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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    Recent Bitcoin Trends Bringing Revolution to the Industry

    Posted: 02 Dec 2019 01:46 AM PST

    Risk Adjusted Returns vs. Other Assets - A long term bullish bitcoin chart

    Posted: 02 Dec 2019 12:00 AM PST

    Which wallet should I store my BTC on in Ledger ? Theres 3 options Btc segwit , Btc 1 or Btc Legacy?

    Posted: 01 Dec 2019 05:15 PM PST

    Is Segwit Faster but less Secure ? And does Coinbase using Legacy effect me when sending ?

    Any imput greatly appriciated .

    submitted by /u/Noob300000
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    PSA (important terminology): when we say we pay "with lightning" or "in lightning" instead of "with Bitcoin via / on lightning" we do ourselves a big disservice as everybody not as knowledgeable as us thinks we are using another currency, not Bitcoin.

    Posted: 01 Dec 2019 04:06 AM PST

    I came to realize this problem now over the last few months taking payments via the LN at our bar ROOM77 in Berlin. The amount of people from outside of the community who have by now asked me what the new lightning currency is all about is staggering and we even had staff members who took LN payments for quite a while without having understood that they are actually accepting Bitcoin.

    Accordingly we have aksed our staff not to ask our customers "do you want to pay with Bitcoin or with Lightning?" and instead offer the choice of "Bitcoin onchain or via the Lightning Network?".

    I think by not using the right wording we are creating unneccessary confusion amongst all the bystanders and noobs and at the same time playing into the hands of the people selling fake bitcoins and claiming that bitcoins on the LN are not actually bitcoins.

    Thanks for considering this wording suggestion or using your own as long as it avoids the confusion desribed above!

    submitted by /u/joecoin
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    SLP129 Pascal Gauthier – Ledger, Bitcoin Security, and what to expect for 2020

    Posted: 02 Dec 2019 02:42 AM PST

    What is a good flow to actually spend/use Bitcoin in everyday life?

    Posted: 01 Dec 2019 11:33 AM PST

    I am wondering if anyone has any suggestions on best way to take profits from Bitcoin and transfer it into a currency so I can pay bills and buy things?

    Currently I have been transferring to Coinbase and then my bank, or using Bitpay to spend directly, but I feel like there is a better way to handle it.

    Any suggestions would be awesome!

    submitted by /u/zeeboguy
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    Travala.com & Booking.com Strategic Partnership - now you can pay with Bitcoin any Booking.com item

    Posted: 01 Dec 2019 08:54 AM PST
    Read more
    at

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