Real reason for the dump is simple and the solution is too.

The world markets are becoming very unstable and bitcoin was making a move from slow organic buying. The elite and banking cabal can NOT have a hedge against their failing system so will use derivative exchanges and whales to scare everyone away.

The solution is for people to BUY SPOT btc and remove immediately from exchange so they can't take your coins and lend it to a seller which causes artificial supply.

BUY SPOT.. and move it to wallet is the only way to beat them.

submitted by /u/vroomDotClub
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Bitcoin – The Currency of the Internet

**PSA: The Scaling Debate is over.** At the Berlin Lightning Hackday this weekend some #reckless people implemented a POS solution on mobile devices that allows us to accept Bitcoin via the lightning network at our bar (ROOM77).

https://twitter.com/renepickhardt/status/1036032671397437446?s=19

Stuff just got real. Real as in applied in a real world business in a real world usecase recklessly using real money.

People opened channels to our node and paid their bill and other people did not open channels to us but their payments were successfully routed and arrived in literally microseconds as well anyway.

I am herewith declaring the end of the scaling debate. This problem is solved. We can now refocus on the actual challenges like fungability and privacy in Bitcoin.

I wanna throw out the biggest thanks to Rene and all the other guys who I cannot possibly name who have contributed. Also to Jef, Christian and Josh of fulmo who did an unbelievable job bringing the people together here and making this development possible.

This kind of innovation feels like the early days of Bitcoin all over again.

edit: typo

edit 2: we've come a long way: https://www.reddit.com/r/Bitcoin/comments/62uw23/lightning_network_is_working_room77_is_accepting/

submitted by /u/joecoin
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Bitcoin – The Currency of the Internet

Bitcoin ETF? Really?? Banksters are the problem. Bitcoin is the solution.

Trust. The banksters got that name for good reasons: they're know criminals. There are now two classes of people in the US: banksters, and those who must obey all laws or face jail and/or penalties.

Examples include, but are in no way limited to:

https://en.wikipedia.org/wiki/Forex_scandal

https://en.wikipedia.org/wiki/Libor_scandal

https://www.theguardian.com/world/2011/apr/03/us-bank-mexico-drug-gangs

Are you willing to trust people like that to hold your Bitcoins for you? If so, what's the matter with you?

Banksters are the problem. Bitcoin is the solution.

"Your keys, your Bitcoin. Not your keys, not your Bitcoin" — Andreas Antonopoulos

Then, there's the possibility that the fund (ETF) you put your money into is being run by another Bernie Madoff kind of person who will send you quarterly statements, but hasn't actually invested a dime of your money.

https://en.wikipedia.org/wiki/Bernard_Madoff

Before you go spouting off about regulators and auditors, keep reading:

It has been well known for some time that the government regulation agencies have a "revolving door" with the very entities they're supposed to be regulating. People often leave government to go work for the places they were supposed to be regulating. Sometimes people leave the banks to go regulate their "buddies". Again, are you able and willing to trust them? Not me.

https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr678.pdf

https://en.wikipedia.org/wiki/Goldman_Sachs#Personnel_%22revolving-door%22_with_U.S._government

Ask yourself, "Where the hell were the auditors and regulators during Bernie Madoff's caper?"

Trust is just one of many reasons why a wise person should be very cynical about ETFs in general, and about Bitcoin ETFs specifically.

submitted by /u/DelfinGuy
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Bitcoin – The Currency of the Internet