Sunday, 30 June 2019

PSA: Do not trade on reddit or anywhere without escrow. u/jfjenson and u/Xylemup are scammers.

They might even be the same person. This is his other acc where he "trades": https://bitify.com/user/gcking/

Just don't trade without escrow. Use a proper exchange or do it person to person. Don't get burned like me.



Submitted June 30, 2019 at 10:47PM by Kalin101 http://bit.ly/2Nnn0uS

I have 100 bitcoins on a laptop I broke in 2011.

So forgot the password and broke the screen waaaay back. Just found out I’m a millionaire so I’m trying to figure out how to retrieve my coins. I don’t need the password and someone can open it but I’m not sure if I trust anyone that much.



Submitted June 30, 2019 at 06:10PM by aimlesslywandering89 http://bit.ly/2RKU0LU

Bitcoin Jesus showers his blessings in London

https://www.youtube.com/watch?v=_aILeOqZEwY

Submitted June 30, 2019 at 10:05PM by dalaih http://bit.ly/2xmaZuY

HODLing for 3 years, thinking about mining - Is it as simple as my brain is making it out to be (probably not)?

I saw this and thought to myself, "529 a month profit" (of course this can change) for a piece of equipment that costs roughly 1600$. There's more to it than just this, but I'm lucky to have a great job and wouldn't mind spending about 5k on a setup I could build at home. Cost of electricity isn't a worry of mine as I've had grow lamps in the past use more than what it draws.

A lot of posts on here say "well if you got a couple grand to burn, sure, maybe you could make money"

Well I do have some money to burn, but i wouldn't call it burning, I'd call it investing deeper into what I have x amount invested to already.

I'm surprised I couldn't find a sticky in this sub. But if anyone wants to post links or give me some insight I'd appreciate it. Thanks.



Submitted July 01, 2019 at 12:07PM by cactusbanger http://bit.ly/304VT9t

An Intro to Cryptocurrency Mining!

Cryptocurrency mining can be a point of confusion for many beginners. The blockchain is a new concept that can be difficult to grasp at first, not to mention all the intricacies of mining. But in order to have a complete understanding of cryptocurrencies and blockchain technology, one must understand why mining is important and what role it plays in the maintenance of the blockchain.

Mining, simply put, is the process of recording and storing transaction data on the blockchain. Those that decide to commit resources to the maintenance of a blockchain are incentivized by rewards, and these rewards are distributed randomly. Miners that contribute more computing power to the maintenance of the blockchain have a higher chance of receiving the randomly distributed rewards, and in the long-term, miners’ rewards average their input.

Although this may seem like a complicated subject, once some of the mystery is removed, the connection to cryptocurrencies becomes immediately evident. Anyone can technically get into mining, although specific equipment is needed in order to produce enough rewards to notice.

If you want to run a mining application from your personal computer, it will cost you nothing but what you use in electricity! Building a mining rig or purchasing an ASIC miner – especially purchasing an ASIC miner – will be quite expensive, however, and thorough research is required to come to the decision of what’s right for you. It’s best to test the process on your personal machine before investing large quantities of money into creating the next mining farm. For more information check out CryptoScores!



Submitted July 01, 2019 at 10:28AM by cryptonicred http://bit.ly/2FJ3m6h

ANTONOPOULOS - THE FUTURE OF MONEY: How Bitcoin & Blockchain Become The World’s Currency - Part 1/2

https://www.youtube.com/watch?time_continue=808&v=_aILeOqZEwY

Submitted July 01, 2019 at 12:24AM by Bitcoin_to_da_Moon http://bit.ly/2XfnF5W

Don’t be yahoo!

http://bit.ly/2xobuoc

Submitted July 01, 2019 at 10:52AM by jinxlo http://bit.ly/2LqhgOa

$20,000 Bitcoin

http://bit.ly/2KPQEXD

Submitted July 01, 2019 at 10:31AM by ItalianAlaskan http://bit.ly/2RJopdA

Don’t be yahoo!


http://bit.ly/2xobuoc via /r/Bitcoin http://bit.ly/2LqhgOa

Bitcoin Hits all time high!


http://bit.ly/2KPQGPf via /r/Bitcoin http://bit.ly/2RLVjKF

$20,000 Bitcoin


http://bit.ly/2KPQEXD via /r/Bitcoin http://bit.ly/2RJopdA

Every time someone says Bitcoin is dead 😂

http://bit.ly/2JjNmsr

Submitted July 01, 2019 at 03:21AM by payfty http://bit.ly/2XoviHD

Venezuela UPDATE. 1 BTC is around 88,000,000 Bs. Last two week it was 77,000,000 Bs. (Bolivares). Monthly minimum wage is less than 9 USD. 666 BTC were traded last week using LBTC (down from 819 BTC last week) which is around 46,106,978,636 Bs.

I'm a Venezuelan "living" here. AMA.

Government issued new Bolivares banknotes. 10,000 Bs. / 20,000 Bs. and 50,000. Bs.. 50,000 Bs. are around 8 USD, since the time they announce them and people get them at the banks they have lost 10% of the value.

This after 5 zeroes were shaved from the currency less than a year ago and 3 zeroes more 12 years ago. So it would be 5,000,000,000,000 Bs.

Sources:

https://coin.dance/volume/localbitcoins/VES/BTC

https://www.bloomberg.com/features/2016-venezuela-cafe-con-leche-index/

https://dolarsatoshi.com/

About the minimum wage

https://www.venezuelanews.net/news/260700087/the-president-of-venezuela-raises-the-minimum-wage

40.000 Bs. per month plus 25.000 Bs. as food bonus, total 65.000 Bs. Around 9 USD at street rate and 10 USD at official rate.

About US sanctions:

https://www.brookings.edu/wp-content/uploads/2019/05/impact-of-the-2017-sanctions-on-venezuela_final.pdf

AMA!



Submitted June 30, 2019 at 10:53PM by WorkingLime http://bit.ly/2xjvTe1

Follow my crypto tab

Follow https://get.cryptobrowser.site/7368324 for free goods pm details for delivery



Submitted July 01, 2019 at 08:34AM by Killer3690 http://bit.ly/2XcoGqD

Were so early it's laughable.


The worlds:GDP: $80TGold: $7.5TFunds: $18TStocks: $73TMoney: $80TWealth: $317TReal Estate: $228TBitcoin: $0.2T@rhythmtrader via /r/Bitcoin http://bit.ly/2ZUg5uk

Good idea for asics.



Submitted July 01, 2019 at 07:52AM by omnifecint http://bit.ly/31XZ3xj

10 Million Dollar Bitcoin End Game (Documentary)


https://www.youtube.com/watch?v=ARKcHZ45y_k&feature=youtu.be via /r/Bitcoin http://bit.ly/2NoXqpd

Begging for 3.25 Bitcoin

I need you, your compassion, your good heart that is no secret.

You might have as well lost Crypto's due to Bad Trading’s, Scams & Hackers.

I have lost a lot and hopefully have learned my lessons and will try and not make the same mistakes again.

I am looking to raise back 3.25 Bitcoins to help me get back what I lost, and just a small donation from you can help me a lot.

My situation can only be blamed on me and if you can help, it will be Fantastic.

Thank you in advance for your contribution. You have no idea how much it means to me to have you supporting me.

You can help me now by making a donation:

My BTC Wallet: 1EAQ44a7dciYtrLihUXGWkxY4qTAHCLNJY

Thank you, you will receive blessings for free by helping.



Submitted June 30, 2019 at 06:04PM by Saintsch http://bit.ly/3212N15

I'm planning to begin bitcoin mining. Can anyone suggest me a good ASIC for beginners?

No text found

Submitted June 30, 2019 at 06:57PM by ar0752545 http://bit.ly/2NjW3bf

DealBook Special: Wall Street’s Unexpectedly Hot First Half of 2019


By Unknown Author via NYT Business Day https://nyti.ms/2NkDL9W

Crypto Browser

http://bit.ly/2RMdyj3

Submitted June 30, 2019 at 04:27PM by Casimir1975 http://bit.ly/2KOO4RK

cudo miner

i mining gui called cudo has easy mining signup now for 5000 satoshi and use this referal link to help out the comminity to become an early adopter https://cudominer.com/?a=bnukGJrHD



Submitted June 30, 2019 at 02:13PM by 3dsisnotdead http://bit.ly/2XdAWMx

BTC Dominance: 62.0%


http://bit.ly/2KMmowH via /r/Bitcoin http://bit.ly/2RL0DOu

Since a LOT of people still dont know that 100M Satoshi equals 1 Bitcoin. No you dont have to buy a full Bitcoin to start investing.


http://bit.ly/2ZYngSi via /r/Bitcoin http://bit.ly/2FHPcSG

Daily Discussion, June 30, 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!GeneralPrice TalkPlease check the previous discussion thread for unanswered questions. via /r/Bitcoin http://bit.ly/2FEDlEX

Officials Seize Hundreds of Bitcoin Mining Machines in Iran

http://bit.ly/2ZZDkmK

Submitted June 30, 2019 at 01:41PM by raaner12 http://bit.ly/2XwMYQz

Saturday, 29 June 2019

Bitcoin Trend - Better Than Stocks, Bonds or Real Estate


http://bit.ly/2No87Zb via /r/Bitcoin http://bit.ly/320cr4a

Bitcoin Lightning Network Hits $11M Capacity; Updates

http://bit.ly/2YpVkqm

Submitted June 30, 2019 at 02:51AM by 100_Jose_Maria_001 http://bit.ly/2FH9En1

S9 setup using APMinerTool

Just picked up a Antminer S9, but I can't seem to figure out how to use APMiner Tool, I have access to the device webpage if it would be easier to do it manually. The only videos and tutorials I can find are outdated.

Thanks



Submitted June 30, 2019 at 11:33AM by Awareful http://bit.ly/2YoLlBo

Bitcoin Server Mining Referal

http://bit.ly/2Ymqj6B

Submitted June 30, 2019 at 11:39AM by epionekupo http://bit.ly/2FKM3BU

Take the Lightning Network for a test drive. Send me a payment request.


If anyone wants to give lightning a try then Lightning App and Eclair Mobile are both very user friendly options and both are non custodial.http://bit.ly/320BVhP is Android only but Lightning App is both IOS and Android.Lightning App has an autopilot feature so you don't need to worry about opening channels yourself, you receive a Bitcoin payment and a channel is automatically created with however much Bitcoin you received.Eclair has a feature where you can request inbound capacity which makes receiving payments to your channel easier.Eclair has both static channel backups (which means that you can recover your channels with your seed phrase) and watchtowers (which ensure your funds remain safe in the unlikely event your device is offline for more than 2 weeks).If anyone wants to test receiving payments reply with a payment request for $1 and I will pay it :)Once your channel is open check that you have receiving capacity. If you don't then install Blue Wallet which is available for both IOS and Android and send however much you funded your channel with there, you will now have receiving capacity of the same amount that you originally funded your channel with.​Also, if you have any questions or concerns about Lightning then ask, hit me with your best FUD ;)⚡ via /r/Bitcoin http://bit.ly/2YsvLVG

When all in 100% Bitcoin, with little cash in the bank


http://bit.ly/320brgq via /r/Bitcoin http://bit.ly/2YmpZop

One of my favorite things to do is saving comments about bitcoin when times are tough. This is from February of this year. Stay strong HODLers.

http://bit.ly/2RNrPMr

Submitted June 30, 2019 at 02:07AM by we_need_to_cook http://bit.ly/2KMEoHi

Encrypt everything. Mix often. Run a node. Control your keys. Stay humble & grateful. Stand up for yourself & others. Question everything. Show compassion. 𝙉𝙚𝙫𝙚𝙧 𝙨𝙩𝙤𝙥 𝙨𝙩𝙖𝙘𝙠𝙞𝙣𝙜 𝙨𝙖𝙩𝙨. Life is short. Enjoy it. Don't waste it. Together we can change the world.


https://twitter.com/matt_odell/status/1144999584344739841?s=21 via /r/Bitcoin http://bit.ly/2FHCKSW

Coinbase partnered with Bitrefill to bring Lighting Network access to its customers. It's a big step forward to get Bitcoin arbitrage off the base layer.


https://youtu.be/9GoSqXk9NxE via /r/Bitcoin http://bit.ly/2YkpsmZ

My ledger nano s just arrived

http://bit.ly/2NwrPBU

Submitted June 30, 2019 at 02:33AM by bigpaulfears http://bit.ly/31XzDQs

Bitcoin Astronaut Kickflip, metallic variant

http://bit.ly/2ZXfAjb

Submitted June 30, 2019 at 12:07AM by frankreddit5 http://bit.ly/2XCPWD0

Buying coffee with lighting at the Bitcoin 2019 Conference in San Francisco!

http://bit.ly/2Nkl9a9

Submitted June 30, 2019 at 02:59AM by kalapa108 http://bit.ly/323NkNE

Iran Shuts Down Two Bitcoin Mining Farms, Seizes 1,000 Miners

http://bit.ly/2xmXJ9j

Submitted June 29, 2019 at 10:21PM by SaneFive http://bit.ly/2RMWHg7

Learning to HODL is new to me

http://bit.ly/2YleDkx

Submitted June 29, 2019 at 07:19AM by SonOfObed89 http://bit.ly/2FGDOH3

Best strategy: DCA and Just Hodl! (Don't do day trading and never panic-sell).


http://bit.ly/2Xi25xS via /r/Bitcoin http://bit.ly/2Jclmqx

Al Gore Former Vice President of the United States Said.


http://bit.ly/2KLVF3q via /r/Bitcoin http://bit.ly/2RHUmDb

I drunk bought bitcoin


When it was $7000 a coin in +-2017 i was at a bbq and drunk bought $4100 worth on coinbase while faaaded. That same year I watched it touch $20k a coin and drop alll the way back down to $2900. Throughout it all I yodeled & I hodled and decided to just add $$ weekly. Now i have over 1 whole coin all to meself on my nano x. Cheers to all of you as we watch it ignite once again. 🍻🥂🍾 via /r/Bitcoin http://bit.ly/2NiNmxT

Bitcoin Dominance Over 60% - A New Two Year High

http://bit.ly/2RI0MSR

Submitted June 29, 2019 at 06:33PM by blowpophead http://bit.ly/2KLNIv6

This reddit user is a scammer. Comments on ppl’s post suggesting dem to use bip39info. Which is a malicious website stealing ppl’s mnemonic seed word if they try to convert it to root key. Anyway, beware of this scammer and especially the bip39info.


http://bit.ly/2XcfqYq via /r/Bitcoin http://bit.ly/2Jd1Avc

Bitcoin Regrets

http://bit.ly/2Jh1xOH

Submitted June 29, 2019 at 02:39AM by dogloverfl http://bit.ly/2XikWZJ

Questions about mining and investing

Hello, recently i have joined some groups on facebook, and there are some individuals that are offering to invest for example 50$ and get 100$ in 24 hours, so my question is, is it real? That is possible? Or it just simple scam?



Submitted June 29, 2019 at 03:44PM by EntertainmentBoxx http://bit.ly/2YgawWR

Daily Discussion, June 29, 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!GeneralPrice TalkPlease check the previous discussion thread for unanswered questions. via /r/Bitcoin http://bit.ly/2YmylMA

I be like

http://bit.ly/2ZWFsMk

Submitted June 29, 2019 at 06:08AM by KaoVtizo945 http://bit.ly/2XxFP2n

Friday, 28 June 2019

58% of Americans have heard of Bitcoin, according to Coinbase research

http://bit.ly/2KJ9dg9

Submitted June 29, 2019 at 12:54PM by Garbis_834 http://bit.ly/2RHTYV5

When you bought at 18k and been hodling ever since and someone is sad after buying at 13k.

http://bit.ly/2ZVkIEE

Submitted June 29, 2019 at 07:03AM by NeuronFlux http://bit.ly/2XIf7E2

What an initiation

http://bit.ly/2ZWFqnG

Submitted June 29, 2019 at 07:39AM by Vad23789 http://bit.ly/2XGWGj2

Why the heck am I seeing this?

Why is my efficiency so bad in the pool, why do I have 100% invalid? Please help. I have been doing this one pool for a couple days now and have restarted it a couple times, but Valid stays at 0 and invalid just keeps rocketing. What am I doing wrong?

https://i.redd.it/hf1mdjuvg7731.png



Submitted June 29, 2019 at 10:21AM by Conkatonk http://bit.ly/2Ls6ase

When you bought at 18k and been hodling ever since and someone is sad after buying at 13k.


http://bit.ly/2ZVkIEE via /r/Bitcoin http://bit.ly/2XIf7E2

I be like


http://bit.ly/2ZWFsMk via /r/Bitcoin http://bit.ly/2XxFP2n

What an initiation


http://bit.ly/2ZWFqnG via /r/Bitcoin http://bit.ly/2XGWGj2

Self-proclaimed bitcoin inventor Craig Wright reportedly cried in court during cross-examination in the $10 billion crypto lawsuit

https://yhoo.it/2FGNqBp

Submitted June 29, 2019 at 04:18AM by leadfoot19 http://bit.ly/2YnAFmO

Can a btc mining program store btc on its own?

I used to mine a lot in 2013, it was some kind of Russian program with a scary face as a logo (kinda like a skeleton or something like that). I am currently looking for it, but I can't remember ever using a catchphrase, private key, whatever with it. I actually remember that it stored btc on its own! (I was only 13-14)

Is it possible for a btc miner to store btc on its own? If it isn't, I probably used a .txt file to store it, so I will find it either way. I'm just asking.



Submitted June 29, 2019 at 08:29AM by TractorOfTheDoom http://bit.ly/2FIAM54

Everytime

http://bit.ly/2FF5FY2

Submitted June 29, 2019 at 04:51AM by Vad23789 http://bit.ly/2YjEMQH

Facebook's Libra Coin Likely to Run a Regulatory Gauntlet


By Reuters via NYT Business Day https://nyti.ms/2NmgJQb

Self-proclaimed bitcoin inventor Craig Wright reportedly cried in court during cross-examination in the $10 billion crypto lawsuit


https://yhoo.it/2FGNqBp via /r/Bitcoin http://bit.ly/2YnAFmO

Edward Snowden - Bitcoin Conference 2019

https://www.youtube.com/watch?v=PVN13ad3UUk

Submitted June 28, 2019 at 03:47AM by Garland_Key http://bit.ly/2Xw3AI4

Two types of Bitcoin investors

http://bit.ly/2FAS7wA

Submitted June 28, 2019 at 04:04PM by Outside_Minimum http://bit.ly/2YhTPu3

The Week in Tech: Can You Put a Price on Your Personal Data?


By Jamie Condliffe via NYT Technology https://nyti.ms/2Yh1GIx

Twitter CEO : Now you can withdraw AND deposit bitcoin, through @cashapp (this is my preferred small investor on-boarding tool)


https://twitter.com/jack/status/1143936730413899776 via /r/Bitcoin http://bit.ly/2Yfu7Xi

MRW I sold on the spike and re-bought on the dip

http://bit.ly/2NlNgFU

Submitted June 28, 2019 at 06:43AM by FJLyons http://bit.ly/31Wkkrh

Two types of Bitcoin investors


http://bit.ly/2FAS7wA via /r/Bitcoin http://bit.ly/2YhTPu3

Bitcoin Hashrate Reaches New High While Chinese Mining Farms Gradually Plugging in Equipment as the Rainy Summer Approaches

http://bit.ly/2xomLoh

Submitted June 28, 2019 at 05:56PM by 8BTC_NEWS2020 http://bit.ly/2LntXJG

Technical: Upcoming Improvements to Lightning Network


Price? Who gives a shit about price when Lightning Network development is a lot more interesting?????One thing about LN is that because there's no need for consensus before implementing things, figuring out the status of things is quite a bit more difficult than on Bitcoin. In one hand it lets larger groups of people work on improving LN faster without having to coordinate so much. On the other hand it leads to some fragmentation of the LN space, with compatibility problems occasionally coming up.The below is just a smattering sample of LN stuff I personally find interesting. There's a bunch of other stuff, like splice and dual-funding, that I won't cover --- post is long enough as-is, and besides, some of the below aren't as well-known.Anyway....."eltoo" Decker-Russell-OsuntokunYeah the exciting new Lightning Network channel update protocol!AdvantagesSolves "toxic waste" problem. In the current Poon-Dryja update protocol, old state ("waste") is dangerous ("toxic") because if your old state is acquired by your most hated enemy, they can use that old state to publish a stale unilateral close transaction, which your counterparty must treat as a theft attempt and punish you, causing you to lose funds. With Decker-Russell-Osuntokun old state is not revoked, but is instead gainsaid by later state: instead of actively punishing old state, it simply replaces the old state with a later state.Allows multiple participants in the update protocol. This can be used as the update protocol for a channel factory with 3 or more participants, for example (channels are not practical for multiple participants since the loss of any one participants makes the channel completely unuseable; it's more sensible to have a multiple-participant factory that splits up into 2-participant channels). Poon-Dryja only supports two participants. Another update protocol, Decker-Wattenhofer, also supports multiple participants, but requires much larger locktimes in case of a unilateral close (measurable in weeks, whereas Poon-Dryja and Decker-Russell-Osuntokun can be measured in hours or days).It uses nLockTime in a very clever way.MythsNo, it does not solve the "watchtower needed" problem. Decker-Russell-Osuntokun still requires watchtowers if you're planning to be offline for a long time.What might be confused is that it was initially thought that watchtowers under Decker-Russell-Osuntokun could be made more efficient by having the channel participant update a single "slot" in the watchtower, rather than having to consume one "slot" per update in Poon-Dryja. However, the existence of the "poisoned blob" attack by /u/ZmnSCPxj means that having a replaceable "slot" is risky if the other participant of the channel can spoof you. And the safest way to prevent spoofing somebody is to identify that somebody --- but now that means the watchtower can surveill the activities of somebody it has identified, losing privacy.DisadvantagesRequires base layer change --- SIGHASH_NOINPUT / SIGHASH_ANYPREVOUT. This is still being worked out and may potentially not reach Bitcoin anytime soon.Determining costs of routes is somewhat harder, and may complicate routefinding algorithms. In particular: every channel today has a "CLTV Delta", a number of blocks by which the total maximum delay of the payment is increased. This maximum delay is the maximum amount of time by which an outgoing payment can be locked, and needs to be reduced for UX purposes. Decker-Russell-Osuntokun will also add a "CSV minimum", a number of blocks, which must be smaller than the delay of an HTLC going through the channel. Current routefinding algos are good at minimizing a summed-up cost (like the "CLTV Delta") so the "CSV minimum" may require discovering / developing new routefinding algos.Due to the "CSV minimum" above, existing nodes that don't understand Decker-Russell-Osuntokun cannot reliably route over Decker-Russell-Osuntokun channels, as they might not impose this minimum properly.Multipart payments / AMPSplitting up large payments into smaller parts!DetailsThere are at least three variants of multipart payments: Original, Base, and High.Original is the original AMP proposed by Lightning Labs. It sacrifices proof-of-payment in order to allow each path to have a different payment hash. This is done by having the payer use a derivation scheme to generate each part's payment preimage from a seed, then having the split the seed (using secret sharing) to each part. The receiver can only reconstruct the seed if all parts reach it.Base simply uses the same payment hash for all routes. This retains proof-of-payment (i.e. an invoice is undeniably signed by the receiver, including a payment hash in the invoice; public knowledge of the payment preimage is proof that the receiver has in fact received money, and any third party can be convinced of this by being shown the signed invoice and the preimage). The receiver could just take one part of the payment and then claim to be underpaid by the payer and then deny service, but claiming any one part is enough to publish the payment preimage, creating a proof-of-payment: so the receiver can provably be made liable, even if it took just one part, thus the incentive of the receiver is to only take in the payment once all parts have arrived to it.High requires elliptic curve points / scalars. It combines both Original and Base, retaining proof-of-payment (sacrificed by Original) and ensuring cryptographically-secure waiting for all parts (rather than the mere economically-incentivized of Base). This is done by using elliptic curve homomorphism to addition of scalars to add together the payer-provided preimage (really scalar) of Original with the payee-provided preimage (really scalar) of Base.AdvantagesBetter expected reliability. Channels are limited by capacity. By splitting up into many smaller payments, you can fit into more channels and be more likely to successfully reach the payee.Capacity on mutiple of your channels can be used to pay. Currently if you have 0.05BTC on one channel and 0.05BTC on another channel, you can't pay 0.06BTC without first rebalancing your channels (and paying fees for the rebalance first, whether the payment succeeds or not). With multipart you can now combine the capacities of multiple of your channels, and only pay fees for combining them if the payment pushes through.Wumbo payments (oversized payments) come "for free" without having to be explicitly supported by the nodes of the network: you just split up wumbo payments into parts smaller than the wumbo limit.DisadvantagesMultipart will have higher fees. Part of the feerate of each channel is a flat-rate fee. Going through multiple paths means paying more of this flat-rate fee.It's not clear how to split up payments. Heuristics for payment splitting have to be derived and developed and tested.Payment points / scalarsUsing the magic of elliptic curve homomorphism for fun and Lightning Network profits!Basically, currently on Lightning an invoice has a payment hash, and the receiver reveals a payment preimage which, when inputted to SHA256, returns the given payment hash.Instead of using payment hashes and preimages, just replace them with payment points and scalars. An invoice will now contain a payment point, and the receiver reveals a payment scalar (private key) which, when multiplied with the standard generator point G on secp256k1, returns the given payment point.This is basically Scriptless Script usage on Lightning, instead of HTLCs we have Scriptless Script Pointlocked Timelocked Contracts (PTLCs).AdvantagesEnables a shit-ton of improvements: payment decorrelation, stuckless payments, noncustodial escrow over Lightning (the Hodl Hodl Lightning escrow is custodial, read the fine print), High multipart.It's the same coolness that makes Schnorr Signatures cool. ECDSA, despite being based on elliptic curves, is not cool because the hash-the-nonce operation needed to prevent it from infringing Schnorr's fatherfucking patent also prevents ECDSA from using the cool elliptic curve homomorphism of addition over scalars.DisadvantagesRequires Schnorr on Bitcoin layer.Actually, we can work with 2p-ECDSA without waiting for Schnorr. We get back the nice elliptic curve homomorphism by passing the ECDSA nonce through another cryptosystem, Paillier. This gets us the ability to do Scriptless Script. I think it has only 80-bits security because of going through Paillier though.Basically the conundrum is: we could implement 2p-ECDSA now, hope we never have to test the 80-bit security anytime soon, then switch to Schnorr with 128-bit security later (which means reimplementing a bunch of things, because the calculations are different and the data that needs to be exchanged between channel participants is very different between the 2p-ECDSA and Schnorr). Reimplementing is painful and is more dev work. If we don't implement with 2p-ECDSA now, though, we will be delaying all the nice elliptic curve goodness (stuckless, noncustodial escrow, payment decorrelation) until Bitcoin gets Schnorr.Elliptic curve discrete log problem is theoretically quantum-vulnerable. If we can't find a qunatum-resistant homomorphic construction, we'll have to give up the advantages (payment decorrelation, stuckless payments, noncustodial escrow over Lightning) we got from using elliptic curve points and go back to boring old hashes.Pay-for-dataEnsuring that payers cannot access data or other digital goods without proof of having paid the provider.In a nutshell: the payment preimage used as a proof-of-payment is the decryption key of the data. The provider gives the encrypted data, and issues an invoice. The buyer of the data then has to pay over Lightning in order to learn the decryption key, with the decryption key being the payment preimage.AdvantagesEnables data providers to sell data. This could be sensors, livestreams, blogs, articles, whatever.DisadvantagesThere's no scheme to determine if the data provider is providing actually-useful data. The data-provider could just stream http://bit.ly/2ZRCnNq for example. This is a potentially-impossible problem. Even if the data-provider provides a "sample" of the data, and is able to derive some proof that the sample is indeed a true snippet of the encrypted data, the rest of the data outside of the sample might just be random junk.Stuckless paymentsNo more payments getting stuck somewhere in the Lightning network without knowing whether the payee will ever get paid!(that's actually a bit overmuch claim, payments still can get stuck, but what "stuckless" really enables is that we can now safely run another parallel payment attempt until any one of the payment attempts get through).Basically, by using the ability to add points together, the payer can enforce that the payee can only claim the funds if it knows two pieces of information:The payment scalar corresponding to the payment point in the invoice signed by the payee.An "acknowledgment" scalar provided by the payer to the payee via another communication path.This allows the payer to make multiple payment attempts in parallel, unlike the current situation where we must wait for an attempt to fail before trying another route. The payer only needs to ensure it generates different acknowledgment scalars for each payment attempt.Then, if at least one of the payment attempts reaches the payee, the payee can then acquire the acknowledgment scalar from the payer. Then the payee can acquire the payment. If the payee attempts to acquire multiple acknowledgment scalars for the same payment, the payer just gives out one and then tells the payee "LOL don't try to scam me", so the payee can only acquire a single acknowledgment scalar, meaning it can only claim a payment once; it can't claim multiple parallel payments.AdvantagesCan safely run multiple parallel payment attempts as long as you have the funds to do so.DisadvantagesNeeds payment point + scalarNon-custodial escrow over LightningThe "acknowledgment" scalar used in stuckless can be reused here.The acknowledgment scalar is derived as an ECDH shared secret between the payer and the escrow service. On arrival of payment to the payee, the payee queries the escrow to determine if the acknowledgment point is from a scalar that the escrow can derive using ECDH with the payer, plus a hash of the contract terms of the trade (for example, to transfer some goods in exchange for Lightning payment). Once the payee gets confirmation from the escrow that the acknowledgment scalar is known by the escrow, the payee performs the trade, then asks the payer to provide the acknowledgment scalar once the trade completes.If the payer refuses to give the acknowledgment scalar even though the payee has given over the goods to be traded, then the payee contacts the escrow again, reveals the contract terms text, and requests to be paid. If the escrow finds in favor of the payee (i.e. it determines the goods have arrived at the payer as per the contract text) then it gives the acknowledgment scalar to the payee.AdvantagesTrue non-custodial escrow: the escrow service never holds any funds.DisadvantagesNeeds payment point + scalar.Payment decorrelationBecause elliptic curve points can be added (unlike hashes), for every forwarding node, we an add a "blinding" point / scalar. This prevents multiple forwarding nodes from discovering that they have been on the same payment route. This is unlike the current payment hash + preimage, where the same hash is used along the route.In fact, the acknowledgment scalar we use in stuckless and escrow can simply be the sum of each blinding scalar used at each forwarding node.AdvantagesPrivacy! Multiple forwarding nodes cannot coordinate to try to uncover the payer and payee of each payment.DisadvantagesNeeds payment point + scalar. via /r/Bitcoin http://bit.ly/2XgMy19

DealBook Briefing: A Moment of Truth for a Trade Deal


By Unknown Author via NYT Business Day https://nyti.ms/2LoYUNx

40c per gallon discount. Using BTC @ Mobil is cheaper than local Costco Gas. La Jolla, CA


http://bit.ly/2XEbuiz via /r/Bitcoin http://bit.ly/2ZSiyWd

Nodis.io Will Conduct its First IEO at the Hongkong Based Exchange, Fexpro.Net on July 15, 2019

http://bit.ly/2X4pFt2

Submitted June 28, 2019 at 04:52PM by Gingerchaos123 http://bit.ly/2IURHDk

Bought a strongu-u2 was this a mistake?

So I'm in a position where I have free power through a business and as a peak through the door I bought an strongu-u2 to see if a larger investment would be worth it. However as it's a blake2b miner I've only got 2 options (as far as I can tell) between Sia classic coin and hyperspace which both seem to be a dying fork. Was this a bad investment or could I recover and try again?



Submitted June 28, 2019 at 05:00PM by Kegel_Exercise http://bit.ly/2ITk58M

Talking to Neal Stephenson, Whose New Novel, ‘Fall,’ is at No. 14


By Tina Jordan via NYT Books https://nyti.ms/2KJ7rvi

This sub is toxic.


You clearly have forgotten what bitcoin represents. Everybody here discusses about bitcoin's price and only cares how to make money from it.You see Bitcoin as an asset and not what it represents. via /r/Bitcoin http://bit.ly/2YipbAV

Daily Discussion, June 28, 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!GeneralPrice TalkPlease check the previous discussion thread for unanswered questions. via /r/Bitcoin http://bit.ly/320tYcw

'Bitcoin on sale today' 20% off, however we won't see $8,400 says analyst

http://bit.ly/2RFBSmI

Submitted June 28, 2019 at 02:10PM by Garbis_834 http://bit.ly/2KMMlMC

Thursday, 27 June 2019

Two types of people who invest in Bitcoin


http://bit.ly/2FAoZ8z via /r/Bitcoin http://bit.ly/2YjreED

Yeah it's ghetto, but it reduces heat!

http://bit.ly/2RFmIOf

Submitted June 28, 2019 at 01:54PM by overcrispy http://bit.ly/2KLdeR9

When you buy at the top

http://bit.ly/2Lo2BTH

Submitted June 28, 2019 at 04:35AM by mortybrown http://bit.ly/2xgfqHt

MRW I sold on the spike and re-bought on the dip


http://bit.ly/2NlNgFU via /r/Bitcoin http://bit.ly/31Wkkrh

Iran uses bitcoin to avoid US sanctions.

https://twitter.com/maasalan/status/1143786641909342209?fbclid=IwAR3M1U2WcBxP84a5S5Nr4EYgYPjZdlzgaJ4UxcPu6uw28ABGovoWYz9MHy4

Submitted June 27, 2019 at 08:49PM by CSharpSauce http://bit.ly/2KKXFZJ

Ghetto Power supply setup V3 for Stable OC 125Mhz OC

http://bit.ly/2Jae7PP

Submitted June 28, 2019 at 08:48AM by Prerunning http://bit.ly/31ZU0fK

When you buy at the top


http://bit.ly/2Lo2BTH via /r/Bitcoin http://bit.ly/2xgfqHt

To the Moooooooooooooooooooooooon!


http://bit.ly/2XcxKRk via /r/Bitcoin http://bit.ly/2Lw2Mwz

Loss aversion (http://bit.ly/2Rzq4SU)


http://bit.ly/2KFuKpM via /r/Bitcoin http://bit.ly/2RANLdN

Deutsche Bank: Aggressive Central Bank Policies Are Turning Investors to Bitcoin

http://bit.ly/2J2WHEE

Submitted June 27, 2019 at 04:36PM by SaneFive http://bit.ly/2Xc7l6a

Pre Dec-2017 HODLers while browsing /new


http://bit.ly/2YfRRdD via /r/Bitcoin http://bit.ly/31YAd0s

Instructions to start?

Imagine if you have free bills, you wouldn't pay for the electricity. At this point, for starting a Bitcoin mining (but I need to be quiet as possible in fact I was thinking to buy this accessory too https://minermaster.com/product/minermaster-pro/ ) What do I need? What hardware, software.

Can you give me the best suggestion/tutorial? My budget for now is around 600$ what can I buy with this budget? (and if you could also tell me how much I generate with it, considering the 0 cost on electricity).

Thank you for your support!



Submitted June 27, 2019 at 03:46PM by soullessita http://bit.ly/2Lnl6rC

My first ever meme

http://bit.ly/2J8xM2B

Submitted June 27, 2019 at 10:45AM by hi1280 http://bit.ly/2XcoxIu

You know Bitcoin is doing good when you own some but you’re still getting FOMO.

To the moon.



Submitted June 27, 2019 at 01:12AM by rolyabV http://bit.ly/2J1Pvso

Pangolinminer Hosting Service

Does anyone have experience with this? They are offering $ 0.06 electricity and very cheap setup fees.

Pangolinminer Hosting Service



Submitted June 27, 2019 at 02:20PM by barocco73 http://bit.ly/2ISf00F

Daily Discussion, June 27, 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!GeneralPrice TalkPlease check the previous discussion thread for unanswered questions. via /r/Bitcoin http://bit.ly/2ZMK07V

Wednesday, 26 June 2019

Bitcoin price surge boosts crypto-related stocks' price

http://bit.ly/2xfZpS4

Submitted June 27, 2019 at 01:42PM by Garbis_834 http://bit.ly/2REW0p9

Bitcoin Mining Difficulty to Rise by 6.64% as Bull Market Continues to Rage

http://bit.ly/2xfZncU

Submitted June 27, 2019 at 01:49PM by khalsz http://bit.ly/2RD0xsj

That $1 of free bitcoin in 2015 is roughly $50 now.


http://bit.ly/2LlKBcI via /r/Bitcoin http://bit.ly/2IR4yXl

How I imagine the MODs as they try to enforce High Quality content on days like today.

http://bit.ly/2KDlzX5

Submitted June 26, 2019 at 09:08PM by foxyjim99 http://bit.ly/2Nu2s43

Cheers to everyone who busted their dip cherry and held on! Welcome to bitcoin.


http://bit.ly/2NdPFlP via /r/Bitcoin http://bit.ly/2KFwaRa

What is the best bitcoin mining software?

No text found

Submitted June 27, 2019 at 12:48PM by ElectricalSense http://bit.ly/2KCYCmJ

At least it's sometime past 2017


http://bit.ly/2RBi1VX via /r/Bitcoin http://bit.ly/2xdqFAB

13 going on 30

http://bit.ly/2XaIU9f

Submitted June 27, 2019 at 12:30AM by 1107461063 http://bit.ly/2J6IfeY

My first ever meme


http://bit.ly/2J8xM2B via /r/Bitcoin http://bit.ly/2XcoxIu

5 days ago people were freaking out that it broke $10K. Now people are panicking that it's at $12K. Are you all okay? lol


No text found via /r/Bitcoin http://bit.ly/2WZUYVK

First time?

http://bit.ly/2RzXyAO

Submitted June 27, 2019 at 04:51AM by vexcoin http://bit.ly/2xbxJ0y

Feelin rich might quit my job later idk

No text found

Submitted June 27, 2019 at 12:30AM by gmangmessii http://bit.ly/2KChjHb

Technically still vertical

http://bit.ly/2RzXyki

Submitted June 27, 2019 at 04:45AM by onion-booty http://bit.ly/2xbxId0

Do Not Sell !!


I realize people left and right are getting excited about the price going vertical and I get it, however this is not the time to sell. Even if we dip back into that 11K range or sky rocket past 20K. Let me start of by saying I have traded in the stock market for 30 years and been in crypto since bitcoin was under a $1.00. I bought a bag of weed for 136 bitcoins ...​The main reason is Fiat is worthless. America is 22 trillion in debt. Just let that sink in for a moment. 22 fucking trillion dollars. How are they going to get out of that debt which is one of 2 ways. A default on the debt or print so much money it's worthless (trust me they are going to print it into obscurity). I keep seeing posts about 2-3% inflation over the last decade and this is so wrong due to what they classify what goes into inflation. It's really 6-7% and all you have to do is check your water bill, energy bill, housing, and or groceries.​Next we have what I call the other big three of the Euro, Yaun and Yen. Japan is 13 trillion in debt and 200% over GDP with a aging population. The Yuan is the strongest of the group, however how much is tied up in failed government backed housing, subsidies, banking on and on. Also if the dollar keeps printing then the yuan is going down big time with it. Lastly is the Euro with failed countries like Greece, Italy, and Spain. Actually the shinning beacon of the Euro is Germany who might opt out completely. In the next 5-10 years we might have multiple fiat currencies fail and if they do you want to be in crypto, real estate and or precious metals.​This is another start of a Bull run.. This rally is not being done by retail and instead this is institutions coming in and millionaire/billionaire crowd with deep pockets. Over the last 2 years this has really changed from retail crowd only to everyone wants 5-10% of their portfolio into crypto to spread out. The huge buy orders are institutions and smart money allocating a small percentage of their portfolio over different investment landscapes. This money is just going to increase HEAVY over the next few months. After the bigger guys are in you will start seeing the retail people chasing again on the FOMO.​Then lets talk about the scarcity of bitcoin. There is not 17,781,000 bitcoins available. Millions have been lost due to wrong passwords, failed hard drives, darknet websites, and even mining fees that were not collected properly. Over the last 30 months when we had the rise from 600 to 20K we have only seen 6.2 million bitcoins in wallets that have been active over that time frame. The real amount of bitcoins that can be accessed I believe to be more in the lines of 10-11 million. I really would not doubt 6-7 million bitcoins are completely lost for ever. Look at the Satoshi 750K that has never moved ( I am convinced it is the deceased Hal Finney)​​This rally is completely different from the ones in the past. I can't put my finger on it, but it's different. In another post people are not talking about it like 2017 ( family members / coworkers asking me questions ect) All in all why trade a scare bitcoin for some fiat that is worthless.​Upvote if you agree​​If you don't believe me check out other postshttps://http://bit.ly/2KFBq7v in late July 2016 post is on BitcointalkDip from 1150 to 775 in January off the China bans bitcoin http://bit.ly/2h397ia from 1300 to 950 off the ETF http://bit.ly/2wW8GjB 2100 to 1700 http://bit.ly/2h2MFWe from 2900 to 1800 http://bit.ly/2wW8GA7 from 4400 to 3600 http://bit.ly/2h23UXO via /r/Bitcoin http://bit.ly/2KBWNGR

Good investment opportunity for LOT with lending features

Have you seen how much are exchange toking rising up? Great chance to move in this market with new token named LOT. I found this one interesting.

Lukki Operating Token (LOT) token is designed especially for https://lukki.io ecosystem and its related products. Their team is always working on expanding the implementation of the token in order to make it more useful and liquid. Lukki lending feature enables users to buy and place LOT tokens with their further freezing in order to multiply LOT.

The lending increases weekly the number of platform's tokens placed. These tokens are accrued to a separate account. They will also be accrued to the account balance at the expiration of the deposit. To participate, you need to buy or freeze already purchased LOT tokens on Lukki for 11 months. The minimum number of tokens for placement should be equivalent to 25 USD in LOT tokens.

The lending of LOT tokens is a simple process that could be done in a few clicks. It’s never been so easy :)

What is your opinion? Find out more here guys https://medium.com/lukki-exchange/lukki-operating-token-8396ff495808



Submitted June 26, 2019 at 05:39PM by soroka11 http://bit.ly/2LpZVF0

Crypto Mining Becomes Possible with VenusEnergy

Guys, check this project if you want to start Bitcoin mining right now.

The VenusEnergy team wants to implement the use of renewable energies for the production of electrical energy that will be made available to carry out the mining process, thus helping to reduce the environmental effects and costs associated with producing energy by conventional means. This would have a direct impact on the price of mining, since the costs of electricity production would be significantly reduced by taking as a reference only the costs of the necessary computer equipment.

For the financing of their project, the developers have decided to launch an ICO, the developers say that in this way they will bring together the community of users of cryptomedas to provide a solution that will benefit everyone equally. According to what the developers have been able to explain, the money raised in the ICO will be used primarily for research to help increase the efficiency of renewable energy in electricity generation and how this can be applied in crypto-mining. Secondly, the aim is to invest money in using these renewable sources to generate energy.

Put your comment below about this project.

https://venusenergy.io



Submitted June 26, 2019 at 05:51PM by Henquewl http://bit.ly/2INafFx

DealBook Briefing: Sidestepping the Huawei Ban


By Unknown Author via NYT Business Day https://nyti.ms/2ILG3uk

Bitcoin Vaults to 18-Month Highs on Growing Popularity


By Reuters via NYT Technology https://nyti.ms/2Ne1SqS

Tim Draper Is Bullish On Argentina’s Blockchain Tech Potential

http://bit.ly/2JbGhKb

Submitted June 26, 2019 at 04:24PM by The_Economy_Club19 http://bit.ly/2X3LBcq

Iranian Government to Cut Off Power to Crypto Mining Until Approval of New Energy Prices

http://bit.ly/2J8SYpd

Submitted June 26, 2019 at 04:03PM by raaner12 http://bit.ly/2X4F2GJ

12,000.00 USD

http://bit.ly/2X88Z8B

Submitted June 26, 2019 at 11:18AM by schludy http://bit.ly/2J5Bfin

Timing is essential!!! Way up more BTC🔥🚀🔥

No text found

Submitted June 26, 2019 at 02:09PM by cryptojen031 http://bit.ly/2X8j2dZ

The average retail investor this year


http://bit.ly/2WZSAOU via /r/Bitcoin http://bit.ly/2XqONyr

Daily Discussion, June 26, 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!GeneralPrice TalkPlease check the previous discussion thread for unanswered questions. via /r/Bitcoin http://bit.ly/31T1LnR