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Friday, 21 June 2019

Lightning Labs Strikes on iOS, Android With Noncustodial Mobile Wallet This article was originally posted on The Bitcoin Magazine - the oldest and most established source of news, information and expert commentary on Bitcoin, blockchain technology and [...]

This article was originally posted on The Bitcoin Magazine - the oldest and most established source of news, information and expert commentary on Bitcoin, blockchain technology and [...]

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Latest Report on QuadrigaCX Confirms Fears of Mass Fraud This article was originally posted on The Bitcoin Magazine - the oldest and most established source of news, information and expert commentary on Bitcoin, blockchain technology and [...]

Blockgeeks Partners With Bitbuy to Help New Users Buy Bitcoin This article was originally posted on The Bitcoin Magazine - the oldest and most established source of news, information and expert commentary on Bitcoin, blockchain technology and [...]

Segwit trasnactions with python. Video tutorial.

Once in a while, I get in the mode of creating tutorials - and this time I worked on a segwit transactions tutorial. Generating a bitcoin transaction is easier than what most people think. It's all about gathering information -> processing it -> and finally, serializing it. Anyone with a basic understanding of coding and bitcoin can quickly write their own transactions using (almost) raw code.

In this tutorial, I go through the steps of generating a segwit transaction using python 3.6. The tutorial is made out of 3 parts. And yes, I know that there are some audio issues, but hey, they're not that bad.

Anyway, please feel free to watch and comment and even criticize it. Your feedback is appreciated! https://www.youtube.com/playlist?list=PLH4m2oS2ratcy0AoSiiiQg-n45RnRC5xz

submitted by /u/szeltsi
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Do you remember your life before you knew the bitcoin?

submitted by /u/AllSeeingEye__
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Reminder: there has been 1.5B UDST and $1.9B LEO minted since April 1st.

In the bull run of 2017, there were roughly 2 Billion USDT issued from Aug 1st to the Jan-2018 peak, a period in which BTC market cap grew by $290B, a ratio of roughly:

1 USDT issued : $145 increase in BTC Market Cap

Compare that to the recent sharp increase in Bitfinex's 'liquidity products". Since April 1st 2019, there have been $3.5B equivalent issued (USDT/LEO), but the market cap of BTC has only increased $97B, or:

$1* assets issued : $27.7 increase in BTC Market Cap

There seems to be less organic investment gambling on a crippled chain (BTC), or trust a company currently under investigation.

If Bitfinex is able to sustain the current ratio of asset issuance to BTC market cap, and the next BTC run follows a similar pattern to previous ones, there will be about 108B in liquidity products issued and a BTC market cap of $3T.

However it seems given the sharp drop leverage these assets have to pump the price a number of things might be happening:

Institutional investors came away from 2017 believing that Bitcoin, and therefore blockchain, cannot scale.
Smart money started trading against the pronounced correlation between liquidity issuance and price increase.
Users are less willing to wait days or weeks to have transactions clear on BTC.
The leverage of liquidity injection is down because this is a premature bull run.

Either way, you can't fool all the people all the time.

submitted by /u/qEAQNC3
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source https://www.reddit.com/r/btc/comments/c33a8e/reminder_there_has_been_15b_udst_and_19b_leo/

spellmang122 is still trading on local.bitcoin.com (online now) I have reported the user he has an 85% approval rating he or she is a scammer. He or she has also done more than $10,000 in volume. Has done 30 trades

He or she is a scammer who charged back funds on Google Pay after receiving Bitcoin Cash. He or she has since taken down the google pay offer after charging back the funds.

I will take some responsibility too and should have not released the bitcoin cash so soon. I just talked with Google Support who verified my assertion that the sender was the one who asked for the payment to be canceled.

submitted by /u/lopokoko
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source https://www.reddit.com/r/btc/comments/c32fya/spellmang122_is_still_trading_on_localbitcoincom/