r/Bitcoin

If this is truly the end of the Bear then this is how I feel
https://youtu.be/75p0YeecIAc

https://redd.it/atygpm
@r_bitcoin

We are back on the roller coaster!
https://redd.it/atyd9y
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Fidelity Investments passes Lightning Torch to Harvard School Blockchain
https://redd.it/atxt31
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This five year old’s pop shop accepting bitcoin in India.
https://redd.it/atx5th
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After RBI ban a detailed guide to buy Bitcoin in India.

RBI (The central bank of India) removed banking support from Indian cryptocurrency exchanges but peer to peer methods are still working.

Bitcoin was always a peer to peer currency. We need no banking support we can survive without banks.

Long Bitcoin, Short the bankers!

\#IsupportBitcoin

​

Indian exchanges still support fiat deposits and withdrawals using peer to peer method. Some of the popular exchanges using peer to peer method are :

1. Coindelta
2. Koinex (Loop)
3. Wazirx

Here is a detailed guide to [Buy Bitcoin in India](https://coindelta.com/buy-bitcoin-india/)

https://redd.it/atu254
@r_bitcoin

"Bitcoin trader tortured with drill" in the Netherlands.
https://twitter.com/WhalePanda/status/1099267257769881601

https://redd.it/atuqgt
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I asked the 9 year old Dennis from lightning.pictures to draw me a bitcoin mascot and he didn’t disappoint! Go support this kid and have fun using lightning at the same time!
https://redd.it/atuzpb
@r_bitcoin

I've just started accepting BTC as payment for my wellbeing business. Today is huge!

Hey, I've just started accepting BTC as a form of payment for my [wellbeing business](http://www.lswmindcards.com). I'm really keen to find out how easily it works. Does anyone want to try it out?

https://redd.it/atv4e9
@r_bitcoin

What? Banks get hacked too? €13 million stolen in Cyber attack on Malta's largest bank
https://www.timesofmalta.com/articles/view/20190223/local/bov-payments-to-third-parties-remain-unavailable-after-cyber-attack.702732

https://redd.it/atub5o
@r_bitcoin

Do blocks still hold max 1MB of raw data, but the data has become more efficient allowing many more transactions to fit in a 1MB block, than just 2 years ago?

Is this basically correct? Blocks are still 1Mb but segwit and batching, bech32 improvments increase data efficiency allowing many more transactions to fit within a 1MB block....increasing the # of transactions per block (some call this increasing the block weight), while keeping the block size at 1MB.

Basically the same size blocks hold data far more efficiently than before..

Is that right?


https://redd.it/atscl9
@r_bitcoin

The U.S. Government needs to learn how to hodl... they have lost over $589 million dollars by auctioning off seized Bitcoin!!
https://www.bitcoinseized.com/

https://redd.it/ats5am
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Fidelity Becomes First Financial Institution to Take Bitcoin Lightning ‘Torch’
https://bitcoinist.com/fidelity-investments-bitcoin-lightning-torch/

https://redd.it/atsmmi
@r_bitcoin

As a couple of 21 year olds who dreamed of using bitcoin as a currency, we're actually doing something about it!
https://redd.it/atswh0
@r_bitcoin

Daily Discussion, February 23, 2019

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!

* [General](https://s.reddit.com/channel/872992_609338364f5a4ced9f9431a4da06076a6ec995dd)

* [Price Talk](https://s.reddit.com/channel/872992_d38a28dd2ee2efae707c89ce6491650e4a1bc078)

Please check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/ateejs/daily_discussion_february_22_2019/) for unanswered questions.

https://redd.it/atsml1
@r_bitcoin

NYT: "For a global bank, the inability to operate in dollars is effectively a death sentence. Being the issuer of a global reserve currency confers international monetary power, in particular the capacity to ‘weaponize’ access to the financial and payments systems."
https://www.nytimes.com/2019/02/22/business/dollar-currency-value.html

https://redd.it/ato6bf
@r_bitcoin

I live in Australia. We have 10x less people than the US and represent 0.3% of the worlds population. There will never be enough BTC for every Aussie to own a single coin.

Edit: Bitcoin in almost infinitely divisible, but I hope this post paints a mental picture of the scarcity and value proposition of this beast.

Edit2: Adding a reply to how this matters re price:

This is meant to demonstrate how rare 1 Bitcoin is.

Let me try and explain why it matters for price:

Sellers are simply persons, companies, exchanges etc that invested in Bitcoin earlier and are now cashing out. Some are short term speculators cutting their losses after fomo'ing in at the peak and some are maybe long term holders taking profit. Or maybe a bit of both, you might have a long term holder cashing out because they feel the price is going lower...my point is that this is really all just noise in the long term. Youre either building or youre not.

Then you will have good news, bad news, governments telling you this will be the next reserve currency, or bluffing that they can/intend to outlaw Bitcoin and everything in between influencing speculators. Again, its just noise.

What matters is that say after all the noise there are net 10,000 genuine long term beleivers/builders still buying precious Bitcoin in 2019.
That means that every now and then, they use their fiat to buy a little more Bitcoin.
Even if no more long term builders/buyers join the fray over the next 8 years, the supply of new coins will be 75% less and the net long term demand roughly the same = higher price.
This is the Bitcoin policy that attracts builders (or should i coin the term buidlers).

If history repeats though, we will have a lot more new long term beleivers join Bitcoin once then next wave (after the sellers are exhausted) occurs.

Do I make sense?
Someone proove me wrong I guess?

Now, where are those sinks?


https://redd.it/ato4nl
@r_bitcoin

BitPay -> WORST Bitcoin wallet ever, my experience

So, I'm trying to buy some domain on namecheap, they accept bitcoin, but only trough Bitpay.

Bitpay invoices can't be paid directly, they don't give you a normal btc address to send money to, oh NO, you can only pay the invoice with the Bitpay app, you fund the bitpay app and then you pay.

So, I go on their website to download the app for pc. When I click on download they redirect me to microsoft stor, WTF??? I don't have hotmail(microsoft), I create one, login to the store and click download again, "error", something saying my account is not enabled for downloading this ap.......Why would they do that? It is a lot easier to use my credit card, what is the point of using bitcoin? Why do they want to know exactly who downloads the app, what is the meaning of btc again? This is the fucking worst bitcoin wallet, I hope they close!!!

https://redd.it/atl6qd
@r_bitcoin

Fidelity Digital Assets: “We and our research team at the Fidelity Center for Applied Technology have received the #LNTorch ⚡ from @wiz. Who should we pass it to? #LNTrustChain”
https://twitter.com/digitalassets/status/1099085417557753856

https://redd.it/atob39
@r_bitcoin

Bitcoin futures volume is now over $200 million per day on CME, up from $50 million per day
https://twitter.com/kerooke/status/1099058198428798976

https://redd.it/atn4dt
@r_bitcoin

Found in Jacksonville FL
https://redd.it/atnwjr
@r_bitcoin