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    Bitcoin Daily Discussion, January 04, 2020

    January 04, 2020

    Bitcoin Daily Discussion, January 04, 2020

    Daily Discussion, January 04, 2020

    Posted: 03 Jan 2020 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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    Bitcoin is NOT actually trading at $20k+ in Iran

    Posted: 03 Jan 2020 09:24 PM PST

    Some places are reporting that Bitcoin has hit $24k in Iran and they're wrong because they're calculating BTC->USD->IRR by the official USD->IRR rate (42000 IRR = 1 USD), whereas in the market it's being traded at the market rate (~130000 IRR = 1 USD) so everyone's accidentally inflating the price by 3x.

    Source: I'm an Iranian.

    submitted by /u/Prodigy510
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    Overtime people will choose a currency that is not controlled by any government..

    Posted: 03 Jan 2020 08:17 AM PST

    Happy ₿irthday!

    Posted: 03 Jan 2020 09:35 PM PST

    Celebrating 11 years of the first Bitcoin blockchain block!

    Posted: 03 Jan 2020 04:35 PM PST

    How Bitcoin Looked 11 Years Ago

    Posted: 04 Jan 2020 03:16 AM PST

    How Bitcoin Looked 11 Years Ago

    I rebuilt the earliest version of Bitcoin software I could find (with some bugfixes) and here is what I found.

    Bitcoin Logo History

    The very first logo made by Satoshi contained two characters: B and C and looked this way:

    The original Satoshi logo

    Possibly there is one more proof of that which largely went unnoticed. Look at this screenshot to find it:

    It's a bug maybe, or a feature pretending to be a bug

    Later in February 2010 Satoshi decided to move to a one character version of a logo which everyone recognizes by now:

    The second version of a logo by Satoshi, went incredibly popular

    Hidden features

    When I was building the original Bitcoin wallet software I noticed there are some unused windows present in the resources and also some code is left unused too. They are most obvious to find in wxWidgets form editor. For example, here is a window for a product editor in some kind of a an online marketplace:

    ​

    Edit Product form window

    That one is known. But I'm pretty sure you never heard of a poker being in the early version of Bitcoin!

    Satoshi actually added some preliminary support for playing poker in Bitcoin!

    Sending Bitcoins to IP-address

    The preferred way to send bitcoins back then was to specify IP address of a receiving Bitcoin wallet. Furthermore, you could even attach a text message for your transaction! (it would not be stored in the blockchain though). So traditional 1... Bitcoin address was required only if the recipient was not online.

    ​

    Send window from earliest Bitcoin wallet

    There are many more interesting things to learn from that. If there is enough interest I can publish binaries and we can try to see how it looked live instead of screenshots ;)

    My Github repo containing the version of Bitcoin wallet I used to produce above mentioned screenshots

    submitted by /u/abragin
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    11 years ago ��

    Posted: 03 Jan 2020 08:38 AM PST

    Be your own bank. #Bitcoin

    Posted: 03 Jan 2020 01:43 PM PST

    Congressman Charles Lindbergh Sr. after the panic of 1920

    Posted: 03 Jan 2020 11:31 PM PST

    The statement below is why Bitcoin.

    "Under the Federal Reserve Act, panics are scientifically created; the present panic is the first scientifically created one, worked out as we figure a mathematical problem..."

    - Congressman Charles Lindbergh Sr. after the panic of 1920

    submitted by /u/bjaxen
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    Satoshi Is Not The Only Creator Of Bitcoin: The Story Of Hal Finney

    Posted: 03 Jan 2020 01:49 PM PST

    Bitcoin for charity: BTC donations are on for Australian bush fires

    Posted: 04 Jan 2020 01:36 AM PST

    Today's globe and mail newspaper showing respect to Satoshi

    Posted: 03 Jan 2020 12:55 PM PST

    The absolute best clip from the documentary Zeitgeist. It explains the banking cartels very well. If your ready for a rabbit hole look no further...

    Posted: 03 Jan 2020 11:53 PM PST

    Another victim of HitBTC

    Posted: 04 Jan 2020 03:20 AM PST

    I had a HitBTC account for about a year without any problems, but suddenly after depositing $700 of BTC my account became locked "to protect my funds" (Ha!), I hadn't even tried to do anything with them. Support said I needed to complete KYC, but having heard this story before I know that no amount of personal information will be enough for them.

    Instead I requested that they return the deposit to the original sending address, as this doesn't require KYC, but they refused saying I need to prove I sent the funds. I sent them a screenshot of my wallet showing everything they asked for, but still this was not enough. They now say I need to deposit more funds to prove I own the address, but I get the feeling that won't be enough either.

    I assumed that because I had a HitBTC account for a while without any problems that it would continue to be fine, I was wrong. I saw the reports about locking peoples funds and thought "well I'm not doing huge amounts so I'll be fine", I was wrong. I expect I will never see my funds again, but let this be a warning to anyone else currently dealing with HitBTC assuming that "it won't happen to me"

    submitted by /u/KDybd
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    Serious question, what stops governments from blocking all commerce and exchanges from accepting Bitcoin transactions?

    Posted: 03 Jan 2020 11:52 PM PST

    If goverments really wanted to couldn't they make all Bitcoin transactions illegal? Effectively prohibing all commerce and exchanges using Bitcoin.

    submitted by /u/DoctorDerage
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    I stupidly lost ~$3000 in a crypto currency scam.

    Posted: 03 Jan 2020 10:50 AM PST

    I stupidly lost ~$3000 in a crypto currency scam.

    I am an idiot.

    I was browsing Twitter and saw a post that appeared to be Elon Musk tweeting about a "New Years Crypto Party Giveaway". I navigated to the website in the tweet and it appeared that Elon Musk was giving away crypto and all you had to do was send in some crypto to verify your wallet address and they would send back what you sent plus up to double what you sent in back. In the moment everything looked legit to me and it seemed that there was a limited amount of time that this would last so I stupidly and frantically rushed to my CoinBase account and sent 0.4BTC or around $3000 USD. Immediately after I sent the money I got scared and regretted not doing more verification on my end to verify the giveaway. Low and behold after only a little digging it became very clear that I just got scammed.

    Here was the tweet I saw: https://twitter.com/Eric77461769/status/1213122989480271877?s=20

    The website in the tweet was https://muskfun.info/ and it appeared to redirect to a legit Medium Article by Elon Musk. I then clicked the Bitcoin giveaway link in the article and it took me here: https://muskfun.info/btc/

    The final site I went to is where I was instructed to send the Bitcoin. It looked legit to me at the time and there was a live log of transactions. But had I looked just a little deeper I would have realized so many signs that this was a scam.

    ​

    1. I never checked Elon Musks Official Twitter Account to validate that he made this tweet. I just looked at the screenshot that someone else fabricated for this scam. Initially I was a little skeptical but figured I would checkout the website anyway. Elon has been known to do some crazy things.
    2. The URL took me to a convincing clone of a Medium Article with Elon Musk as the author but it was actually not a redirect as the URL still said https://muskfun.info/ which in its self is a suspicious website name that should have tipped me off. All the comments were raving about how this worked but they were obviously doctored as well.
    3. The final website was the same as the Medium article except it had /btc at the end.
    4. Countless other things I should have noticed but did not.

    I'm upset that I lost my money but I could have lost a lot more. I'm mostly just embarrassed. I'm a Software Developer at a large tech company and even used to work at Geek Squad so I am very familiar with these kind of scams. I never thought something like this would happen to me because I consider myself very tech savvy consumer.

    I did some Google searching to see if there was any way for me to get my money back through any legal means or by reporting fraud to Coinbase but as I guessed with Crytpo you are pretty much out of luck.

    Thanks for listening to my story. Feel free to laugh at my expense. Learn from my mistake. If anyone knows how to give this scammer payback feel free to let me know how!

    ​

    EDIT: Here is the log of my transaction: https://www.blockchain.com/btc/tx/e806b41205e82452768d1bd7fded2b7e2cfdcd976e469daf07d7a8520f98a930

    ​

    https://preview.redd.it/psdm7o4s0m841.png?width=1241&format=png&auto=webp&s=aeeff0a2794734deee537072ec8468cb7b879396

    submitted by /u/SigmaInigma
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    Owning bitcoin is a bet on the internet outlasting your government.

    Posted: 03 Jan 2020 01:04 PM PST

    French bank shuts down customer accounts over mild criticism. This is why Bitcoin.

    Posted: 03 Jan 2020 06:54 AM PST

    Where is bitcoin ❔

    Posted: 03 Jan 2020 10:49 AM PST

    New crisis in the Middle East: Good for bitcoin, bad for the world - Decrypt

    Posted: 04 Jan 2020 12:56 AM PST

    A few common ways that you could lose your Bitcoin and how to avoid them (security, leveraged trading, investment schemes, etc.)

    Posted: 03 Jan 2020 07:09 PM PST

    Told a family relative that I just bought some bitcoin today...

    Posted: 03 Jan 2020 04:30 AM PST

    He said: "Isn't it like several thousands of dollars to buy just one?"

    I said: "Well, I didn't buy a whole bitcoin today, I just bought a fraction"

    He said: "Really? You can do that?"

    ​

    This is really frustrating... Whenever you talk to a no-coiner, before you say anything about limited supply, blockchain, mining - start by saying "The term 1 Bitcoin represents 100 million Satoshis, which is a really large number of Satoshis. You can buy a small amount of 100k satoshis for less than $8, if you just want to learn how to use bitcoin".

    submitted by /u/AvailableHorse
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    Bitcoin's exceeds the currency circulating in Turkey - The Cryptonomist

    Posted: 03 Jan 2020 11:50 PM PST

    Bitcoin Network Hash Rate Hits New Record, Network is More Secure Than Ever in 2020

    Posted: 03 Jan 2020 05:44 AM PST

    Boy, that escalated quickly!

    Posted: 03 Jan 2020 07:32 AM PST
    Read more
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