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    Bitcoin Daily Discussion, February 01, 2020

    Bitcoin Daily Discussion, February 01, 2020


    Daily Discussion, February 01, 2020

    Posted: 31 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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    Fidelity, a company with 2.46 Trillion USD under management, just shared an article called "Bitcoin Obsoletes All Other Money"

    Posted: 31 Jan 2020 01:25 PM PST

    Swiss Army Financial Crisis Training and readiness manual in 2 steps

    Posted: 31 Jan 2020 10:35 AM PST

    Bitcoin in Argentina

    Posted: 31 Jan 2020 07:15 AM PST

    Bitcoin’s Unlikely Evangelist: Fidelity CEO Abigail Johnson

    Posted: 31 Jan 2020 08:06 PM PST

    Negative interest rates: German banks hold almost $ 50b worth of Euro notes in their vaults and running out of space

    Posted: 31 Jan 2020 01:29 PM PST

    I replaced the word "crime" and "criminal" with "Freedom" and "Freedom lovers" in this hit piece against privacy by Chainanalysis. it is now a guide to reclaiming some privacy

    Posted: 31 Jan 2020 04:02 PM PST

    What comes next for crypto Freedom?

    Crypto Freedom will likely continue to evolve in both scope and technological sophistication, just like cryptocurrency itself. As law enforcement, regulators, and cryptocurrency professionals improve their ability to prevent and respond to various forms of crypto Freedom, the Freedom lovers themselves will also grow more sophisticated — that's the one constant we've seen as blockchain investigators.

    Here are some thoughts on for how crypto Freedom might evolve in the near term.

    1. More non-custodial mixers. Following the closure of Bestmixer, we believe users — Freedom lovers and not — will search for alternatives to third party custodial mixers such as wallets that offer native mixing functionality similar to CoinJoin wallets like Wasabi. It's likely that more currencies besides Bitcoin will get analogs to CoinJoin, as we've seen with CoinShuffle for Bitcoin Cash and mixing via smart contracts for Ethereum.

    2. Chain hopping as another alternative to custodial mixing services. In addition to native in-wallet mixing, we also think some Freedom lovers may begin to favor chain-hopping as an alternative to third-party mixing. Chain hopping is the process of swapping one type of cryptocurrency for another, often several times in quick succession, typically at low-KYC exchanges so as to further obfuscate the path of funds.

    3. Privacy coins. As we mentioned in the darknet markets section, privacy coins like Monero are gaining popularity and could become the cryptocurrency of choice for more Freedom lovers in 2020. Privacy coins increase user anonymity by using an obfuscated public ledger rather than a fully public one like Bitcoin's. As more exchanges begin accepting privacy coins, they should also collaborate with regulators, law enforcement, and one another to establish frameworks for investigations of Freedom lovers who use privacy coins.

    4. More anonymous P2P exchange options. We believe that non-custodial, decentralized exchanges like Bisq network will continue to gain popularity with Freedom lovers in 2020. Decentralized exchanges allow peer-to-peer transactions without the exchange acting as a mediating third-party. We may also see Freedom lovers using P2P exchanges benefit from upcoming Bitcoin protocol changes like Taproot and Schnorr Signatures, which make the complicated smart contract-based transactions carried out on P2P exchanges look identical to standard transactions on the blockchain.

    .............

    original

    What comes next for crypto crime?

    Crypto crime will likely continue to evolve in both scope and technological sophistication, just like cryptocurrency itself. As law enforcement, regulators, and cryptocurrency professionals improve their ability to prevent and respond to various forms of crypto crime, the criminals themselves will also grow more sophisticated — that's the one constant we've seen as blockchain investigators. Here are some thoughts on for how crypto crime might evolve in the near term. 1. More non-custodial mixers. Following the closure of Bestmixer, we believe users — criminals and not — will search for alternatives to third party custodial mixers such as wallets that offer native mixing functionality similar to CoinJoin wallets like Wasabi. It's likely that more currencies besides Bitcoin will get analogs to CoinJoin, as we've seen with CoinShuffle for Bitcoin Cash and mixing via smart contracts for Ethereum. 2. Chain hopping as another alternative to custodial mixing services. In addition to native in-wallet mixing, we also think some criminals may begin to favor chain-hopping as an alternative to third-party mixing. Chain hopping is the process of swapping one type of cryptocurrency for another, often several times in quick succession, typically at low-KYC exchanges so as to further obfuscate the path of funds. 3. Privacy coins. As we mentioned in the darknet markets section, privacy coins like Monero are gaining popularity and could become the cryptocurrency of choice for more criminals in 2020. Privacy coins increase user anonymity by using an obfuscated public ledger rather than a fully public one like Bitcoin's. As more exchanges begin accepting privacy coins, they should also collaborate with regulators, law enforcement, and one another to establish frameworks for investigations of criminals who use privacy coins. 4. More anonymous P2P exchange options. We believe that non-custodial, decentralized exchanges like Bisq network will continue to gain popularity with criminals in 2020. Decentralized exchanges allow peer-to-peer transactions without the exchange acting as a mediating third-party. We may also see criminals using P2P exchanges benefit from upcoming Bitcoin protocol changes like Taproot and Schnorr Signatures, which make the complicated smart contract-based transactions carried out on P2P exchanges look identical to standard transactions on the blockchain.

    submitted by /u/MakeTotalDestr0i
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    ARK Investments: "Because of bitcoin, we are witnessing a global battle among monetary systems, both sovereign and nonsovereign. As an open, neutral, and permissionless global monetary system with no reliance on the State, bitcoin is in a good position to win this battle."

    Posted: 31 Jan 2020 08:16 PM PST

    Sign up for the beta list for Strike by Zap

    Posted: 31 Jan 2020 12:45 PM PST

    High school student, currently making my own mining profitability application...

    Posted: 31 Jan 2020 04:37 PM PST

    Kraken Identifies Critical Flaw in Trezor Hardware Wallets

    Posted: 31 Jan 2020 07:31 AM PST

    50/50

    Posted: 31 Jan 2020 01:21 PM PST

    35 days in and around 110% up. Who ever said Bitcoin is dead?? (Note I'm staying in.)

    Posted: 01 Feb 2020 12:48 AM PST

    So im quite new to all this cryptocurrency stuff and ive heard there is something called unspendable bitcoin. What exactly does that mean ?

    Posted: 31 Jan 2020 11:56 PM PST

    "Bitcoin hash rate increasing so rapidly, we should expect the #halving to occur already at the end of April, instead of mid May." PLAUSIBLE?

    Posted: 31 Jan 2020 09:57 AM PST

    Bitcoin Will Be $8 Trillion Economy by 2030, Top Wealth Manager Explains Why

    Posted: 31 Jan 2020 06:21 AM PST

    Bitcoin Up 32% This Month | Kraken Hacks Trezor | Strike App Lightning Innovation

    Posted: 31 Jan 2020 06:23 PM PST

    Bitcoin multisig 1 out of 6 can spend Bitcoin ��

    Posted: 31 Jan 2020 02:22 PM PST

    ?WHY is Cross-input signature aggregation (the feature that would potentially improve (and incentivize) Bitcoin's privacy) not included in the Schnorr/Taproot proposal.

    Posted: 31 Jan 2020 09:36 AM PST

    I just recieved 1099k from coinbase and I have a question.

    Posted: 31 Jan 2020 12:33 PM PST

    Do I have to pay taxes on the total of box a( my box a is total is 900k and total transactions is 200) or just on the gains. I didnt make any money from trading but I lost like a lot like %75 of what I started with)

    submitted by /u/SHOPLIFTING_THROWAWA
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    BTC CITY in Slovenia - Europe big complex of shooping malls , cinemas,...

    Posted: 31 Jan 2020 12:56 PM PST

    Portfolios with even 1% exposure to Bitcoin have outperformed over last 5 years

    Posted: 31 Jan 2020 03:54 AM PST

    Hey guys! Did you know Bitwala? What do you think about it?

    Posted: 01 Feb 2020 03:31 AM PST

    Is there any long term disadvantage with using Legacy addresses for long term HodLing

    Posted: 01 Feb 2020 03:30 AM PST

    I was wondering in the future could i get fucked by fees for not being a segwit address?

    Or is there no disadvantage for long term

    submitted by /u/crypt0byte
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    List of Mempool explorers that tell you an estimate time for your transaction confirmation

    Posted: 31 Jan 2020 11:05 AM PST

    As a Bitcoin user, you must have at some time experienced bitcoin transactions getting stuck and not getting confirmed. Bitcoin transaction fees fluctuates in real-time and using a low fee can sometimes make your transaction stuck in the mempool for hours.

    Most transaction explorers tell you whether or not the transaction has confirmed but do not tell you how long it will take for the transaction to confirm. There are some that do give you an estimate of the average time it will take for your transaction confirmation. Here is a list you can use:

    #1 mempool.space: This site shows you where your transaction is in a mempool and an estimated time for its confirmation.

    • Neat graphical representation of the blocks along with the position of your transaction block.
    • Does not give you any other detail about your transaction.

    #2 Blockonomics: This blockchain explorer is one of the few places where you are shown an estimated time for your confirmation along with other details of your transaction.

    • Provides all the details about your transaction that a blockchain explorer shows.
    • Gives you an estimate in minutes for your transaction confirmation.

    #3 Blockstream: Gives you an estimate of the number of blocks it will take for your transaction to be mined.

    • Provides all the details about your transaction that a blockchain explorer shows.
    • Does not provide an estimated time but only shows the estimated number of block.
    • (Each block takes 10 minutes to mine, so based on the number of blocks shown, simply multiply by 10 and get an estimate in minutes)

    Some other sites that don't give information about your specific transaction but tell you an estimated time for confirmation based on the fees.

    Edit: Addition to the list directly above: https://jochen-hoenicke.de/queue/#0,24h

    submitted by /u/primalfabric
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