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    Bitcoin Daily Discussion, February 21, 2020

    February 21, 2020

    Bitcoin Daily Discussion, February 21, 2020

    Daily Discussion, February 21, 2020

    Posted: 20 Feb 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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    Whatever year it will happen, Bitcoin will be ready!

    Posted: 20 Feb 2020 06:27 PM PST

    In ireland: Drug dealer loses codes for €53.6m bitcoin accounts

    Posted: 21 Feb 2020 01:16 AM PST

    Former Facebook VP Chamath Palihapitiya on Bitcoin: "[Bitcoin is] the single best hedge against the traditional financial infrastructure. Whether you support the fiscal and monetary policy or not, it doesn’t matter. This is the schmuck insurance you have under your mattress"

    Posted: 20 Feb 2020 01:06 PM PST

    We went from $20 trillion to over $100 trillion in 30 years... how? The FED prints money... LOTS of money... every government does this... which makes your money worth less every year... this is why we need bitcoin ��

    Posted: 20 Feb 2020 09:45 PM PST

    Zoom in for a surprise

    Posted: 21 Feb 2020 01:19 AM PST

    Bitcoin’s Layer 2 Solution Moves One Step Closer to Bringing BTC to a Billion People

    Posted: 21 Feb 2020 12:31 AM PST

    Blacklisting, Distance & Proximity

    Posted: 20 Feb 2020 03:25 PM PST

    Part of the HODL crew now

    Posted: 20 Feb 2020 12:11 PM PST

    Bought my first amount of Bitcoin today, after years of wishing I got into it in 2012! Feels good!

    submitted by /u/amos65
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    Are Chain Analysis Heuristics Reliable?

    Posted: 20 Feb 2020 03:24 PM PST

    Norwegian Air May Allow Customers to Pay With Crypto as Soon as Spring

    Posted: 20 Feb 2020 01:23 PM PST

    Man loses private keys to 6000 BTC in fishing rod

    Posted: 20 Feb 2020 11:24 PM PST

    If you run an online business and want to accept bitcoin, chances are you would must have struggled to find the right tool/plugin to use for your website. Found this great resource that shows comparison between the top 7 bitcoin plugins for WordPress based on a lot of different factors.

    Posted: 21 Feb 2020 03:12 AM PST

    We got another one, boys.

    Posted: 20 Feb 2020 10:31 AM PST

    Phoenix Wallet lower your fees . Do we give it another chance?

    Posted: 21 Feb 2020 02:18 AM PST

    The Beginner’s Guide to Bitcoin Part 13: The Lightning Network with Jack Mallers — What Bitcoin Did

    Posted: 21 Feb 2020 01:02 AM PST

    Norwegian (airline) have their solution ready and will probably adopt Bitcoin-payments before summer. Because of reduced cost (payment provider fee) they will incentivize users who pay in crypto with a Reward Program where you earn points.

    Posted: 21 Feb 2020 03:14 AM PST

    SLP151 Obi – Coinfloor Going Bitcoin Only & Bitcoin Audits (aka Proof of Reserves)

    Posted: 21 Feb 2020 02:50 AM PST

    Some of the latest bitcoin innovation projects (list)

    Posted: 20 Feb 2020 02:42 PM PST

    On Transactions (speed and functionality):

    • The Lightning network (Introduces channel factories and private messages on Bitcoin's second layer)
    • Blockstream's Atomic swaps on Liquid, a sidechain-based settlement network for traders and exchanges.
    • Blockstream's Elements, an open source, sidechain-capable blockchain platform, providing access to powerful features such as Confidential Transactions and Issued Assets.
    • RSK (for the development of smart contracts on Bitcoin's second layer)

    On the mining front:

    • The Fiber Network for connecting all the miners
    • Matt Corallo's Stratum Version 2 Protocol, ("going to make it a lot better for individual miners to control how the blocks get created instead of the mining pool screening it," says Mayer).
    • Mining derivatives ("like hashing contracts, will likely trade on a CFTC regulated swap execution facility," says Mayer).

    On the privacy front; particularly confidential transactions:

    • CoinJoin
    • Mimblewimble
    • Dandelion
    • Bulletproof (shorter proofs for more efficient confidential transactions)
    • SNICKER (coin mixing)
    • Value Shuffle (coin mixing)

    Smart Contracts:

    • Mast (Merklized Abstract Syntax Tree, for smaller transaction sizes, more privacy, and larger smart contracts)
    • Taproot (for expanding Bitcoin smart contract flexibility)
    • Graph root
    • Tap script (Improvement's to Bitcoin's script structure)

    source: cryptographicasset.com/the-state-of-bitcoin-according-to-btc-investor-trace-mayer/

    submitted by /u/DistinctSkin
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    Working code for how to run two _identical_ lightning nodes at the same time. If one node fails you preserve your node id, channel liquidity and connectivity to your peers! This is a must for large bitcoin businesses using Lightning.

    Posted: 20 Feb 2020 06:15 AM PST

    Undeniable proof the price of bitcoin is MANIPULATED!

    Posted: 20 Feb 2020 05:24 AM PST

    Mike Bloomberg wants strict regulations for Bitcoin

    Posted: 20 Feb 2020 10:45 PM PST

    Warning BMC Mixing now stealing your coin

    Posted: 20 Feb 2020 05:54 PM PST

    Just had a few hundred dollars stolen by this site. Avoid them at all cost. PGP verified the site. Followed their directions. Full account security turned on. Support won't even reply. If you have money with them I'd move it now.

    submitted by /u/we_r_138
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    How To: Accelerate Bitcoin Adoption

    Posted: 20 Feb 2020 07:14 PM PST

    Bitcoin increases in value as the network grows. For the network to grow, more people need to own Bitcoin. How do we get Bitcoin into the hands of more people?

    1/ Skin in the game. If you've ever met a real Bitcoiner you already know the community oozes passion. Once someone owns some Bitcoin, they have a vested interest.

    2/ Education. The average person needs to be dripped on with information many times before they understand the basics. The message needs to be simple and the messenger needs to display great empathy.

    3/ Engagement. If the Bitcoin ends up just sitting in the recipient's pocket, all the sender has done is open themselves up to frustrating calls the next time Bitcoin moons because the recipient forgot their password. They need a reason to keep coming back!

    4/ On-boarding. They've learned enough to know they want a little more Bitcoin. They go to an exchange and feel uncomfortable on-boarding (KYC).. so they put it off. They should be able to stack some Sats without having to provide their SIN…

    https://twitter.com/MikeNasser91/status/1230644551334924289?s=20

    submitted by /u/mnas91
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    743+ days of mining without a single second of downtime

    Posted: 20 Feb 2020 02:20 PM PST
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