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    Wednesday, December 4, 2019

    Bitcoin Daily Discussion, December 04, 2019

    Bitcoin Daily Discussion, December 04, 2019


    Daily Discussion, December 04, 2019

    Posted: 03 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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    How many of you believe bitcoin will hit $100,000 in next 5 years?

    Posted: 03 Dec 2019 07:38 PM PST

    Current areas of development on Bitcoin

    Posted: 03 Dec 2019 07:59 PM PST

    These Upbit “hacks” are just tax evasion schemes...

    Posted: 03 Dec 2019 06:02 AM PST

    Softbank just announced it's launching a crypto+fiat card wallet

    Posted: 03 Dec 2019 11:30 PM PST

    Had to sell my Bitcoin

    Posted: 04 Dec 2019 01:01 AM PST

    Well, after 7 months of slowly stacking Sats, I had accumulated 0.1 Bitcoin. 5 weeks ago I lost my job and have been relying on the kindness of my nephews since to feed me and put a roof over my head. Up until this morning I had survived the last 3 weeks with $2 to my name. Unfortunately, I've had to sell all my Bitcoin just so I can survive a few more weeks. Oh well.

    submitted by /u/matto1705
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    Bitcoin Optech Newsletter #75

    Posted: 04 Dec 2019 02:25 AM PST

    r/Bitcoin now ranks in the top 0.012% of subreddits by subscriber count (212/1.77m), so why doesn't Reddit listen and also accept Bitcoin for Reddit Coins, in addition to PayPal and credit card?

    Posted: 03 Dec 2019 01:26 PM PST

    Just published: KEYS to BITCOIN

    Posted: 03 Dec 2019 05:57 PM PST

    Hi everyone,

    I just published my ebook on Amazon, "KEYS to BITCOIN", so yeah, I am very excited!

    But seriously, this is the blurb:

    "What is Bitcoin? How does it work? In this book you will find answers that go beyond the headlines.

    Whether you are an investor, a decision maker, or simply curious about Bitcoin, you will learn the key concepts behind the digital money: the blockchain, miners, digital signatures, and much more. Step by step, example by example. You do not need a Math degree to understand Bitcoin; this book will take you from not knowing anything about crypto-currencies to understanding Bitcoin completely: all the technologies used, why they are being used and how. It includes chapters on how to buy and store bitcoins, how Bitcoin is updated, and the newest evolutions in sight, such as the Lightning Network and Schnorr signatures. If you want to understand the evolution and revolution of digital currencies, this book is for you."

    So, I hope you read the book, it's a pretty long and dense read, but hopefully worth your time. You can get a free sample from the Amazon website. Enjoy!

    Raphael.

    submitted by /u/bitcoininclear
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    Whale Watching on the Bitcoin Network... Two $300M+ transactions in the last 90 minutes.

    Posted: 04 Dec 2019 03:12 AM PST

    Have you ever wondered about the statement “fiat is backed by the full faith and credit of the government”. The fuck does that mean? What’s backing it?

    Posted: 03 Dec 2019 09:25 PM PST

    In the run up to CME's cash settled futures - on the last Friday of every single month, BTC's price seems to be manipulated. Hodlers - position your buys accordingly. We will devour every single short they throw at us.

    Posted: 03 Dec 2019 03:02 PM PST

    SLP130 ErgoBTC – Tracking PlusToken Scammers with White Hat Bitcoin Chain Analysis

    Posted: 04 Dec 2019 02:12 AM PST

    Proof of Keys is 1 month away. Good idea to front-run in case your exchange is swimming naked

    Posted: 03 Dec 2019 08:41 AM PST

    The Little Bitcoin Book and why it matters

    Posted: 04 Dec 2019 12:34 AM PST

    The Little Bitcoin Book and why it matters

    Another great book to explain Bitcoin simply and introduce new people is The Little Bitcoin Book.

    Written by a group of highly knowledgeable Bitcoin minds calling themselves the Bitcoin Collective including:

    • Jimmy Song
    • Alena Vranova
    • Alejandro Machado
    • Alexander Lloyd
    • Lily Liu
    • Alex Gladstein
    • Luis Buenaventura
    • Timi Ajiboye

    https://preview.redd.it/yqythf4kvk241.jpg?width=313&format=pjpg&auto=webp&s=f63ba709083284642bca16c7d895e1817ec309b9

    The Little Bitcoin Book

    submitted by /u/hodlhardio
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    Exposing Online Scams - The Secrets They Don't Want You To Know

    Posted: 03 Dec 2019 09:51 PM PST

    Live on crypto: Bitrefil and Bitfinex integration over the LN

    Posted: 04 Dec 2019 03:39 AM PST

    Peter Schiff once said Gold Money would kill bitcoin. Now Gold Money is dead proving once again that the only viable global sound monetary system will be a completely decentralized one.

    Posted: 03 Dec 2019 10:12 PM PST

    In this most recent Podcast at 50:40 Peter Schiff talks about the fact that Gold Money has had to start charging storage fees on their accounts of $10 per month just to cover regulatory burden costs, and you can no longer transfer gold ownership to other account holders in the US. This has made small accounts of less than a few thousand dollars and accounts wanting to use gold as a medium of exchange impractical which has caused Gold Money to have to completely change their business model.

    Gold Money were originally trying to make gold usable in commerce as a medium of exchange via a bank account and gold backed debit card. Peter Schiff has always said that this one company would kill bitcoin because gold as a medium of exchange is better than bitcoin. Our argument however was always that Gold Money would never work because it was centralized and at the mercy of regulatory suffocation where bitcoin is decentralized and can survive no matter how much regulatory burden exists. No one can stop bitcoin transactions from propagating and there are no monthly storage fees when using a hardware wallet.

    The fact that Gold Money could not do what it set out to do shows once again that a decentralized protocol for money is the only system that can work long term and that backing a crypto token with gold just brings it back to being centralized again. Bitcoin so long as it is algorithmically scarce does not need gold backing to make it scarce. Bitcoin is the only logical way forward for a global sound monetary system.

    Peter Schiff stated he will take over where Gold Money left off and his centralized company will do what they couldn't starting next year. What is the definition of insanity again? Trying the same thing over and over again while expecting a different result.

    TLDR; Another centralized gold backed payment system goes under proving once again that the only viable system is a decentralized one. Peter Schiff left with egg on his face once again after saying Gold Money would kill bitcoin.

    submitted by /u/slvbtc
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    There's 10% off Bitcoin socks today at MtSocks.com for National Sock Day!

    Posted: 04 Dec 2019 03:10 AM PST

    BBC - How Robust is the world's financial plumbing

    Posted: 04 Dec 2019 12:56 AM PST

    best mobile wallets

    Posted: 04 Dec 2019 03:02 AM PST

    is there a website where i can filter wallets according to features supported? (android, custom tx fees, bech32, ..)

    submitted by /u/tulasacra
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    Nakamoto on privacy

    Posted: 03 Dec 2019 01:16 PM PST

    The Cryptoconomy Podcast: Money, Bitcoin, & Time - by Robert Breedlove

    Posted: 03 Dec 2019 10:30 PM PST

    Be like Rob ...

    Posted: 04 Dec 2019 02:12 AM PST

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