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    Bitcoin Daily Discussion, December 08, 2019

    December 08, 2019

    Bitcoin Daily Discussion, December 08, 2019

    Daily Discussion, December 08, 2019

    Posted: 07 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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    Don't buy Bitcoin!

    Posted: 07 Dec 2019 04:53 PM PST

    I carved a private key w/ an undisclosed amount of BTC into a banana and someone found/swept it before it rotted

    Posted: 07 Dec 2019 03:43 PM PST

    Best bookmark for this book

    Posted: 07 Dec 2019 04:55 AM PST

    The biggest public channel (2BTC) on the Lightning Network was just opened between OpenNode & Bitrefill ⚡️⚡️⚡️

    Posted: 07 Dec 2019 10:22 PM PST

    25 days left to Proof of Keys. How many of you still holding your own keys now?

    Posted: 07 Dec 2019 09:02 PM PST

    2017 in a nutshell

    Posted: 08 Dec 2019 02:09 AM PST

    Bitcoin will surely rise to the top, Would you be on the winning side then?

    Posted: 08 Dec 2019 02:51 AM PST

    Do you agree?

    Posted: 07 Dec 2019 08:38 AM PST

    Sundays are so boring...

    Posted: 08 Dec 2019 03:07 AM PST

    "The reason I wanna sell [is] that I wanna own more Bitcoins" .... just as predicted.

    Posted: 07 Dec 2019 02:24 PM PST

    Deutsche Bank Gives Nod to Bitcoin in "Imagine 2030" Report

    Posted: 07 Dec 2019 03:43 PM PST

    The biggest public channel (2 BTC) on the network was just opened between @bitrefill and @OpenNodeCo ⚡️

    Posted: 07 Dec 2019 06:16 PM PST

    Total number of bitcoin addresses that hold any amount of BTC has hit an all-time high at 28.39M

    Posted: 07 Dec 2019 07:51 AM PST

    Do you honestly believe bitcoin would ever replace banks.

    Posted: 07 Dec 2019 10:57 PM PST

    This was a question that /u/Tew_Wet asked me on another comment and I felt I should make a post about it. Before 2018 it looked like Bitcoin was going to take over the world in only a few years. Now there are a lot of skeptical people that fear Bitcoin or lost a lot "investing" in Bitcoin and are scared to get involved again. People don't understand that Bitcoin is meant to be used as a monetary system to make you free. Most people think that it is a get quick rich scheme that won't work anymore. I don't think people care enough about their personal freedom or privacy in life or money. I think that something can or will some day replace banks and this is the starting foundation to it all.

    I trust Bitcoin and it gave me something money never could and that was freedom. A major problem that I see to Bitcoin is the hodl mentality. In order to get Bitcoin to rise in popularity we need it to be used as a currency. The best use case that I see for Bitcoin is to replace Western Union and all money transfer services which could mean banks but there will still always be a need for loans. It is cheaper and faster and safer to send crypto internationally over any other option. The only people that were using it as a currency were the dark web guys and now there is so many problems with that I think usage is probably slowing down there too.

    We need to get more Bitcon awareness out there. We need more people to adopt and use Bitcoin, move Bitcoin around using it as a currency. A major problem I see is that people always have an excuse for not using bitcoin and what it comes down to for real is that Bitcoin is too hard for them to learn. But what it really comes down to for real is they are too lazy to learn about Bitcoin and automatically assume, Bitcoin, Computers, it's too hard for me and they never look into it at all. For Bitcoin to be adopted us as a community need to do more to show Bitcoin to the world and make people understand.

    Q. Do I honestly believe that Bitcoin could replace banks.

    A. I don't know.

    submitted by /u/OutrageousSpeakers
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    Bitcoin price (wrong) indicators ?

    Posted: 08 Dec 2019 01:20 AM PST

    I see a lot if technical analysis out there, a lot.

    They take the typical indicators of the standard stock/commodities market. The indicators are applied to the bitcoin market without any doubt about their validity here.

    I follow the market now since one year for educational/professional purpose. Market is different to me, I still do not understand the trends but technical analysis with common lagging indicators are useless.

    What do you think?? Why do we find so many bullshit out there?? Or am I wrong?

    submitted by /u/cenaluc
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    Bitcoin Mining with Flared Gas will go mainstream in the next decade

    Posted: 07 Dec 2019 01:50 PM PST

    Government has to treat Bitcoin like a currency before it can be used as a currency.... i.e. no capital gains tax if you spend it and/or accept Bitcoin as payment in taxes

    Posted: 08 Dec 2019 03:19 AM PST

    Reliable platform to exchange Bitcoin to USD (preferably PayPal)?

    Posted: 08 Dec 2019 12:39 AM PST

    I had a Xapo account which I used to pay for products (via their purse linked VISA card) but the card seems to be cancelled now.

    Looking for a reliable platform to exchange a small amount of Bitcoins to PayPal.

    Are there any limitations or risk involved in transactions such as this?

    Thanks in advance.

    submitted by /u/ARKnife
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    Privacy Dex: Concept for a Decentralized Platform where Users can Sell Coinjoined Coins

    Posted: 07 Dec 2019 06:30 PM PST

    Today I had an interesting conversation in a Telegram group chat about the lightning network. We were discussing possible new lightning apps and I had the idea to use the lightning network to create a decentralized exchange where users could offer to sell their coinjoined coins via the lightning network. Other users could come to the exchange to purchase freshly coinjoined coins over lightning, creating a circular economy for on-demand private transactions. I'm probably not a good enough coder to make this happen, but here's part of the conversation, slightly modified:

    Me: hey I've got an awesome new idea for a lightning app

    Me: start doing coinjoins and then let people pay using lightning to spend money from your freshly coinjoined coins

    Me: you could even charge people a 1k sat fee for spending from your coinjoin stash

    Otherguy1: you can already use bitflash.club to buy other people's utxos via lightning

    Me: do they give people the option to buy coinjoined utxos?

    Otherguy1: well, not coinjoin, but coins gotten from other random people who used the service in the inverse direction

    Otherguy1: which is probably even better

    Me: you would essentially be selling coinjoined utxos for for a premium — people would probably pay good money for that

    Otherguy1: but isn't bitflash already better?

    Otherguy1: we can call the utxos they sell "coinswaps"

    Me: I'm not sure, why would coinswaps be better than coinjoins?

    Otherguy1: they don't look like coinjoins

    Me: prima facie I'd rather have coinjoins because I'm more familiar with them

    Me: selling people coinswaps would be like trying to create a market for a new product versus selling into an existing market

    Otherguy1: I wouldn't want to do coinjoins and pay 0.3% to wasabi

    Otherguy1: that's worse than elisabeth warren's millionaire tax

    Me: do them on joinmarket and you can get maker fees and pay nothing

    Me: actually it occurs to me that if there was a wallet client that allowed any user to sell coinjoined utxos over lightning, that might be even better

    Me: I personally have lots of coinjoined utxos, but I have no need for them. I'd like a way to sell them, and I know there's demand for them

    Otherguy2: I see

    Otherguy1: hahaha, you're running a joinmarket yield generator, I see

    Otherguy1: I'm also doing that, and also don't have a use for my utxos, and I also thought about selling them

    Otherguy1: but it's hard because they have a fixed size

    Otherguy1: anyway, I guess you could do a submarine swap market for full utxos

    Me: if there was a market that anyone could contribute to, people could pick the size they want

    Me: and some people might notice a gap in the market and do a coinjoin of that size to fill that gap

    Me: people could even charge a higher price for coinjoins that are rarely offered

    Me: and then competition could come in and lower the prices for coinjoined utxos

    I hope someone takes this idea and runs with it. I'm no good at app development, but I think this idea is worthwhile. What do yall think?

    submitted by /u/nowitsalllgone
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    A piece of history: price crashed to one penny (june 2011)

    Posted: 07 Dec 2019 10:04 AM PST

    Oh no how will the banks continue to hide their fraud??

    Posted: 08 Dec 2019 01:31 AM PST

    Deleting Coinbase Account

    Posted: 07 Dec 2019 03:08 PM PST

    So I've had a coinbase account for several years that I simply never used. I just tried to delete it yet I am unable to do so. I sent them an email so maybe I'll be able to delete my account. Any suggestions?

    submitted by /u/roadking02
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