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    Bitcoin Daily Discussion, December 07, 2019

    December 07, 2019

    Bitcoin Daily Discussion, December 07, 2019

    Daily Discussion, December 07, 2019

    Posted: 06 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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    Hell yeah brother

    Posted: 06 Dec 2019 01:31 PM PST

    Lightning Snacks - Bitcoin Lightning Network Raspberry Pi Vending Machine

    Posted: 06 Dec 2019 12:06 PM PST

    THE HOUSE OF NAKAMOTO, Vienna

    Posted: 07 Dec 2019 02:09 AM PST

    Can someone let wikipedia know I would be happy to help once they expand their payment options? Also don't guilt trip me about transaction fees

    Posted: 06 Dec 2019 02:00 PM PST

    ₿YO₿: The Satoshi Experience

    Posted: 06 Dec 2019 03:35 PM PST

    Saint Satoshi

    Posted: 07 Dec 2019 03:18 AM PST

    Branched into different countries, Bitcoin unties the knot

    Posted: 07 Dec 2019 03:09 AM PST

    Bitcoin more popular than Netflix stock among millennials; GBTC one of their top 5 equity holdings

    Posted: 06 Dec 2019 09:47 AM PST

    How to export to a csv file/ database the balance of a list of addresses for a last defined period

    Posted: 07 Dec 2019 02:52 AM PST

    Hi everyone! I don't know if the following is simple/doable, but I'd like to store in a file the balance, in USD or BTC, of a list of addresses that I have. For example, I have a list of 100 addresses and I want their balance for the last three months, with a frequency let's say of one or two hours. Is this possible? Is there a python package doing that?

    submitted by /u/basso1995
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    Boerse Stuttgart's Crypto Exchange Live for All Traders in Germany

    Posted: 07 Dec 2019 03:40 AM PST

    (copied/pasted from scamsite bitcoin[dot]com, so no link, sorry)

    Boerse Stuttgart's Crypto Exchange Live for All Traders in Germany

    Germany's second-largest stock exchange, Boerse Stuttgart, has opened up its cryptocurrency trading platform to all interested traders in the country. This move follows the passing of a bill allowing banks in Germany to sell and hold cryptocurrencies for their clients starting next year.

    Regulated Crypto Trading Platform Boerse Stuttgart announced Friday that its digital asset trading platform is "now open to any interested persons in Germany." The BSDEX platform was launched in September but only for selected users. The company described:

    At Germany's first regulated trading venue for digital assets, users can currently trade bitcoin against the euro. Additional digital assets are to be added.

    To access the BSDEX platform, the user must be at least 18 years of age, a resident of Germany, a European Economic Area (EEA) national, and have a German bank account. The platform offers free cryptocurrency deposits and withdrawals with varying trading fees based on the order type.

    "The BSDEX is a multilateral trading system that brings together buyers and sellers of digital assets through an open order book," Boerse Stuttgart explained, adding that customer orders are executed directly against each other. The company elaborated:

    At the moment our offer is limited to Germany. However, our goal is to make it available in other countries in the future.

    The digital asset platform complies with the regulatory requirements of the German Banking Act. The Baden-Württembergische Wertpapierbörse, which also acts as a holding company of the public stock exchange, regulates and monitors the compliance of the platform. The technical operator of the BSDEX is the Boerse Stuttgart Digital Exchange, a joint venture between the Boerse Stuttgart Group, Axel Springer, and Finanzen. Blocknox, a subsidiary of the Boerse Stuttgart Digital Ventures, acts as the custodian holding customers' cryptocurrencies.

    Early this year, Boerse Stuttgart launched a crypto trading app called Bison, developed by Sowa Labs, a fintech subsidiary of the Boerse Stuttgart Digital Ventures. The smartphone app can be used to buy and sell BTC, ETH, LTC, and XRP from financial services provider Euwax AG, a subsidiary of Boerse Stuttgart.

    Germany's Crypto-Forward Bill

    Germany has recently emerged as a crypto haven following the passing of a bill on Nov. 29 which allows banks to sell and hold cryptocurrencies for their clients starting next year. The new rules have been adopted as part of the implementation of "Directive (EU) 2018/843 of 30 May 2018," the fifth AML Directive, explained global law firm Dentons.

    Under the new rules, crypto assets qualify as financial instruments, the law firm continued, emphasizing that this was disputed in the past. According to the firm, the German Federal Financial Supervisory Authority (Bafin) took the view that utility tokens did not qualify as financial instruments, but investment tokens qualify as securities and currency tokens qualify as "units of account" — both of which fall under the definition of financial instruments pursuant to the German Banking Act.

    The new rules also include licensing requirements. Companies wanting to provide crypto trading or custody services are required to obtain a license from Bafin as a bank or an investment firm, the law firm further detailed. "Entities that provide no other financial services than custody are exempted from certain rules that apply to other investment firms." Among other requirements, companies seeking a license for only the crypto asset business must have an initial capital of 125,000 euros ($138,234). Dentons added:

    The new law will enter into force on January 1, 2020, subject to certain transition periods.

    Entities wanting to obtain a license for crypto-related services should notify Bafin of their intention to obtain a license on or before March 31, 2020. The law firm clarified that "In such case, the license will be deemed to be awarded on a preliminary basis, provided that they will submit a complete application for a license no later than November 30, 2020."

    submitted by /u/castorfromtheva
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    Just Deleted all price widgets, notifications and twitter from phone.

    Posted: 06 Dec 2019 09:18 AM PST

    I'm checking out for a few months on bitcoin/ CT.

    Twitter is totally fucking toxic and every one that's left on there is losing their minds. I feel dumber every time I log on but for some reason I open it up as a knee-jerk reaction and get sucked in. I have a very bad tendency to check bitcoin price essentially every time I open up my phone (It used to be a shortcut widget). So for the last 4-5 years I've probably checked BTC price say 50-100X a day multipled by ~1600 days = ~120,000 fucking times.

    Halving is in about 6 months. If history remotely can repeat itself we should be sitting pretty around this time next year or maybe mid-late 2021. No reason to care about the price in the short or even medium term. Will see how long I can last without checking the price. Only thing I can't prevent are friends texting me during major volatility times.

    submitted by /u/CryptoLouPai
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    Currency in circulation increases over the course of WW1: Russian 1,102% Germany 599% France 386% Great Britain 91% Without an elastic money supply, WW1 would have been very short.

    Posted: 06 Dec 2019 02:42 PM PST

    Can't mine? Run a Bitcoin full node + GIMPS to find Mersenne Primes (there's a $3000-reward but that shouldn't be the prime reason).

    Posted: 07 Dec 2019 02:12 AM PST

    What Is A Full Node?

    A full node is a program that fully validates transactions and blocks. Almost all full nodes also help the network by accepting transactions and blocks from other full nodes, validating those transactions and blocks, and then relaying them to further full nodes.

    Why you should run a Bitcoin full node is a no brainer, so onto GIMPS: the Great Internet Mersenne Prime Search. Among plenty of good reasons, the following one resonates with Bitcoin.

    Why participate in GIMPS?

    • People collect rare and beautiful items.

    Mersenne primes, which are usually the largest known primes, are both rare and beautiful. Since Euclid initiated the search for and study of Mersennes approximately 300 BC, very few have been found. Just 51 in all of human history - that is rare!

    But they are also beautiful. Mathematics, like all fields of study, has a its own notion of beauty. What qualities are perceived as beautiful in mathematics? Mathematicians look for proofs that are short, concise, clear, and if possible that combine previous disparate concepts or teach you something new. Mersennes have one of the simplest possible forms for primes, 2P-1. The proof of their primality has an elegant simplicity (to a mathematician). Mersennes are beautiful and have some surprising applications.

    Surprisingly, Ben Delo, the co-founder of BitMEX, is also looking for Mersenne Primes: https://www.mersenne.org/report_top_teams_ll/, https://www.mersenne.org/report_top_500_ll/. He's or they've only been at it for a few months and already surpassed everyone at Lucas-Lehmer first primality testing.

    Anyway, I hope some of you will join me in this quest of finding Mersenne Primes while running their Bitcoin full node. Don't just post memes and hope the price will go up, do something about it. Support the network or contribute code; the price will follow the value of the network.

    Bitcoin—Vires in Numeris.

    submitted by /u/Priem19
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    The Cryptoconomy Podcast: CryptoQuikRead_326 - Innovations in Bitcoin's Technology Stack [Lucas Nuzzi]

    Posted: 07 Dec 2019 02:11 AM PST

    Stay away from currency.com

    Posted: 07 Dec 2019 12:36 AM PST

    I've been purchasing bitcoins for over a couple of years in small units. My source of income is my salary and I never was involved in any illegal activities. Few weeks ago I was thinking if I can make my bitcoins to make me some extra income, so I googled if I can invest my bitcoins in stocks and stumbled upon a site currency.com. They claimed themselves to be one (if not only) regulated hybrid crypto/stock exchanges out there).

    Verification process was quick and easy, so I started with a small amount (~0.1 btc). I tested it's functionality, including withdrawal, and everything worked just fine (I mean, basic functions such as deposit, trade, withdrawal). The platform has very limited functionality, so you cannot even see you P&L for the stocks/ETF you bought!).

    Funny (actually not so funny) things started when I deposited 3.34 btc. I immediately get a message from support that I now need to confirm origin of my funds. It was a huge red flag to me, so I tried to withdraw my money, but it was too late...

    One of the documents they wanted was my bank statement. I sent them the statement for the whole year, which clearly showed that my salary income was much higher than the amount I deposited), but they just told me that is not enough, but refused to tell me what exactly was wrong with my docs.

    It's clearly that they now do whatever they can to prevent me from withdrawal of my funds... Stay away from this outright scam!

    submitted by /u/iamnaok
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    Kraken.com now supports CHF

    Posted: 06 Dec 2019 02:13 PM PST

    Visualizing The New Cryptocurrency Economy

    Posted: 07 Dec 2019 02:34 AM PST

    Noticing these type of stories more frequently...

    Posted: 06 Dec 2019 02:20 PM PST

    CEO of two of the largest American companies (worth $60B) leaving for bigger opportunities in bitcoin

    Posted: 06 Dec 2019 10:28 AM PST

    Good article with background infos about IWF and ECB plans to introduce negative interest also on cash. And limit ownership on gold. The fact that Bitcoin is not mentioned is irritating.

    Posted: 07 Dec 2019 03:58 AM PST

    Ideas for earning Bitcoin from Iran?

    Posted: 06 Dec 2019 02:56 PM PST

    Hello world,

    I need your advice and ideas on how I can earn bitcoin from Iran?

    Currently, I have around $30 in BCH earned by doing mini tasks for a web developer, but people say this amount of money is nothing even for changing it to BTC, and I won't earn so much by doing those mini tasks.

    To give you a background, I'm a poor guy in Iran dreaming of getting on my own feet and studying abroad and save my life. Cryptocurrencies is all I can do because our national currency worths nothing and also we are sanctioned in almost every field.

    What can I do? I really need your advice.

    submitted by /u/ProffesorCalculus
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    Want an example of how retarded Coinbase is? (true example)

    Posted: 06 Dec 2019 12:53 PM PST

    I can't log in to my account, so I go to their website for advice.

    On the support page it says if you cant log in, then just log in and generate a new secret key.

    (yup, thats right, they say, if you cant log in, then just log in and go to security settings to generate a new key)

    Ok, thats dumb advice, no big deal I think, I'll just call them.

    I call tech support, and there is a message saying:

    "Please feel free to submit a support ticket at support.coinbase.com"

    (yup, they actually have a support telephone number, that when you call it, tells you to send them an email)

    WTF?

    Seriously, what a joke of an exchange. If a real bank ever tried nonsense like this they'd be out of business in a month. Not sure why we here in the crypto/bitcoin community accept such terrible service?

    submitted by /u/NeilNewsNetwork
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    Great interview with the author of “The Creature from Jekyll Island” and Trace Mayer.

    Posted: 06 Dec 2019 03:34 PM PST

    What does anonymity mean in crypto?

    Posted: 06 Dec 2019 06:56 PM PST

    Should bitcoin replace fiat all at once, I'd pay taxes in bitcoin and I'd like to know what gets done with it. on the other hand if I sell a product for bitcoin I don't like people to know how I spend it. Can being trackable and anonymous coexist?

    submitted by /u/zxawry
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