Bitcoin News Summary – September 9, 2019 The post Bitcoin News Summary – September 9, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin.  The US Securities and Exchange Commission finally approved a limited ETF. The Van Eck SolidX ETF will only allow institutional investors to get Bitcoin exposure via the traditional securities market, so a full ETF tradable by the general public is still pending. The Winkelvoss twins first proposed [...]

The post Bitcoin News Summary – September 9, 2019 appeared first on 99 Bitcoins.

Here’s what happened this week in Bitcoin.  The US Securities and Exchange Commission finally approved a limited ETF. The Van Eck SolidX ETF will only allow institutional investors to get Bitcoin exposure via the traditional securities market, so a full ETF tradable by the general public is still pending. The Winkelvoss twins first proposed [...]

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Bitcoin Users Consider Their On-Chain to be "Locked Up"

submitted by /u/gotamd
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source https://www.reddit.com/r/btc/comments/d1kq78/bitcoin_users_consider_their_onchain_to_be_locked/

The best thing about BTC is...

All that hashpower that has a good chance to be mostly mining on Bitcoin Cash in the future.

submitted by /u/jonald_fyookball
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source https://www.reddit.com/r/btc/comments/d1lqfi/the_best_thing_about_btc_is/

Major problem with the lightning network, I just learned

So basically when two people transact on the lightning network, they create new commitment transactions for each transaction between them, these commitment transactions can be broadcast by either party back to the original blockchain at anytime in order to release funds from the lightning network back to the main blockchain.

So why can't one party just broadcast an older commitment transaction? Well it turns out they can. The way the lightning network tries to solve this, is that any commitment transaction broadcast has a three day wait period before funds are released back to the main net, which allows the party that had money stolen from them time to prove that they had a newer commitment transaction, in which case they would receive all of the funds in the channel. Basically you can not retrieve your money from the lightning network for three days, which is a horrible user experience. I suppose this is also the reason both parties need to be online at the same time to make transactions.

https://steemit.com/bitcoin/@smcaterpillar/bitcoin-2-0-the-lightning-network-explained

https://lightning.network/lightning-network-paper.pdf

Edit:

I believe a channel can close for both parties, if they both agree and broadcast the latest commitment transaction, however this still allows the possibility of one party blocking another party from spending their money for three days, or 1000 confirmations. Furthermore, if one party isn't watching, or is not online, then after 1000 confirmations one party can steal money from the other party.

submitted by /u/adangert
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source https://www.reddit.com/r/btc/comments/d1ldc8/major_problem_with_the_lightning_network_i_just/

PlanB: “Stock-to-flow and Bitcoin price are co-integrated. Cointegration is completely different from correlation.”

submitted by /u/eragmus [link] [comments]

Are there any decent Lightning wallets for iPhone? I can't seem to find any...

submitted by /u/snacktoshi
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Best android wallet

I currently use mycelium and Blockchain. What's your favorite and why? I'm looking for recommendations

submitted by /u/NeilSawyer
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