Cryptocurrency Daily General Discussion - November 30, 2017 |
- Daily General Discussion - November 30, 2017
- An old man stumbled out of a DeLorean just now and handed me this
- When you lament the crash
- John McAfee is upping his game...
- Everyone's reaction after cryptomarket crashes after record highs
- IOTA AMA with Dominik and David today
- It's coming
- This sub when Bitcoin undergoes a correction.
- QASH delivered - listed on EXX as planned. Next: Bitfinex, Cex io and Binance
- Coinbase ordered to hand over details on BTC transactions to the US government
- When someone asks me how much money i invest in crypto
- Don't worry guys, Kraken has recovered and is back to its usual working order.
- this pisses me off every time I look at it, this was exactly a year ago, FML
- ARK is the next big thing –and I can proof it!
- THE ANSWERS ARE IN FRONT OF YOU. WAKE UP, SHEEPLE!
- Just a little PSA about buying the dip for new crypto investors
- Will the Real Bubble Please Stand Up?
- 6 of the top 10 trending searches on the App Store are cryptorelated
- How I feel using Blockfolio
- A dude on the LTC sub said he'd eat a 64oz jar of Mayo if LTC hit $100. It did, now he is... Live...
- Qash gets lists (and probably partners with) another exchange - HUOBI. Second biggest exchange in China. Live 6pm in Beijing time
- Hearthy demo, decentralized, open and sustainable health care ecosystem
- When you buy Bitcoin at 11k and the crashening takes place...
- Feelin like
- Tesla owner builds a bitcoin mining rig in a Model S to use Supercharger power
- RESULTS of the big reddit cryptocurrency survey!
| Daily General Discussion - November 30, 2017 Posted: 29 Nov 2017 10:05 PM PST Welcome to the Daily General Discussion thread! Guidelines:
Rules:
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Thank you in advance for your participation. Enjoy! [link] [comments]  | ||
| An old man stumbled out of a DeLorean just now and handed me this Posted: 29 Nov 2017 01:34 PM PST
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| Posted: 29 Nov 2017 10:52 PM PST
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| John McAfee is upping his game... Posted: 29 Nov 2017 09:45 AM PST
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| Everyone's reaction after cryptomarket crashes after record highs Posted: 29 Nov 2017 12:00 PM PST
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| IOTA AMA with Dominik and David today Posted: 30 Nov 2017 02:31 AM PST
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| Posted: 29 Nov 2017 11:01 AM PST
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| This sub when Bitcoin undergoes a correction. Posted: 29 Nov 2017 11:48 AM PST
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| QASH delivered - listed on EXX as planned. Next: Bitfinex, Cex io and Binance Posted: 29 Nov 2017 11:35 PM PST You can find the EXX QASH pairs on their website. https://www.exx.com/trade/qash_eth REMINDER: QASH IS DECENTRALIZED - DYOR ty. TL;DR (Too Lazy; Dontwanna Research) version of QASH
UPDATE: HUOBI - second largest Chinese exchange will also list QASH today! SOURCE: https://www.huobi.pro/notice_detail/?id=721 https://www.reddit.com/r/CryptoCurrency/comments/7glgjk/qash_gets_lists_and_probably_partners_with/ [link] [comments]  | ||
| Coinbase ordered to hand over details on BTC transactions to the US government Posted: 29 Nov 2017 02:11 PM PST
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| When someone asks me how much money i invest in crypto Posted: 29 Nov 2017 03:40 PM PST
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| Don't worry guys, Kraken has recovered and is back to its usual working order. Posted: 29 Nov 2017 12:52 PM PST
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| this pisses me off every time I look at it, this was exactly a year ago, FML Posted: 29 Nov 2017 11:52 PM PST
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| ARK is the next big thing –and I can proof it! Posted: 30 Nov 2017 04:04 AM PST (non-native speaker here, so please excuse any mistakes. They should not take away from the content of my rant) In September, ARK pushed in a very short time from 30k satoshis to 120k – I have no idea why. Ever since then it has been slowly declining tot he satoshi-value it had before. It's been traded at around 30-35k satoshis for quite some time now. All throughout the decline, people have been crying for some PR action by the ARK team – myself included – but they did hardly anything and so interest in ARK slowly faded away. Once being a TOP20 coin, is has now fallen out oft he TOP30, overtaken even by Meme-coins like Monacoin. However, ever since I started Due Diligence on ARK i had a feeling in my gut that this could be the next big thing – my ticket to moonlambo! I followed the development closely, talked to many people and hung out in the slack channel for many, many hours. I couldn't understand why the team wouldn't do any promotional work for its own coin. Yesterday I somehow couldn't sleep and opened the slack app to a – for me – unusual time and happened upon a conversation djselery, the ARK community manager, had with other members. And somehow it made click. The final puzzle piece fell into place and I suddenly had the explanation as to why my gut feeling was correct – why ARK will be the next big, big thing. I'm talking ETH-big. Here's why: First of all, let's recap what ARK wants to be and what makes it attractive: Use case: ARK wants to bridge different cryptocurrencies. Vendor A takes only BTC, Vendor B only Shitoin1, Vendor C accepts Shitcoin2? Well, no big deal, I've got ARK. ARK will execute the conversion for me. I'll have ARK leaving my wallet, and every vendor still gets the coin he wants. I don't think this needs any further explanation as to why it is obviously very, very important. Unfortunately, this is not yet implemented except for ETH – yet. DPOS: Delegated proof of stake. Few people know about Bitcoin. Fewer people know how to mine Bitcoin. Even fewer actually have the time and ressources to start mining. You need to be at least somewhat tech-savvy to be able to set up a mining rig, and you need cheap electricity for it to be profitable. For me, in central Europe, it simply is cheaper to buy the Coins. Mining is a serious PITA. DPOS, however, is not. Delegated proof of stakes means you chose someone else to do the work for you. This person (51 persons at any time, with others on standbye) get all the mining rewards – and they share it with their voters. There's a healthy competition even now amongst them, most of them offer >90% payout. This way, every year, you get somewhere between an additional 8 and 10% of your ARK as reward. Awesome. All you have to do is open your wallet, chose a delegate and click on confirm. Which leads me to the next big point: The Wallet: I have tried quite a few different wallets for quite a few different coins. None of them can even remotely compete with the ARK wallet. Hands down. It is simply a joy to use. Very, very user friendly and simple. Does everthing you need without requiring a single click too much. Enter the amount, address, click send, few seconds later it arrives. Which is the next point. Speed: Ark simply excels at speed. Transactions arrive almost immediately. Don't need to say anything else, try it out for your self. There's even a fee reduction incoming, more about that later. So, there's a few reasons why ARK should by all means already be more important than quite a lot of other coins. But because of the lack of awareness, it isn't – a pity, but this is going to change. Big. And it starts with ARK forming a business entity just a few days ago. Here's what djselery said yesterday – I'll add the screenshots for proof. I'll talk about the importance of each later on.
I probably don't need to tell you about the importance of Asia for crypto. Most of the volume comes from there. A direct conversion from USD (and likely EUR) to ARK would make it a lot easier to access. So far, there is only a very few select currencies that you can buy directly on major exchanges – BTC, ETH, LTC. None of them on Bittrex, of course, so just the fact that ARK will be one of the first ones on Bittrex is amazing. And it likely has to do with the third statement. THERE HAS LIKELY BEEN A TAX RULING ON HOW TO TREAT DPOS REWARD BY A EUROPEAN TAX AUTHORITY. DPOS rewards will be traded as capital gains, not as dividend payments. What exactly that means on a personal tax level depends a lot on the individual country. But simply the fact that a major country like France has decided on how to treat this absolutely new form of income is amazing and will have MAJOR impact on the adoption by other countries. I predict that at least most European countries will follow the French legislation, I cannot talk about other countries but most likely it won't be too different. Wrap your heads around that, guys. One of the major issues with cryptocurrencies is taxation – we all have probably worried about how to address your gains at the end of the year. Now, how does this all tie together: Just a few days ago, ARK has formed a business entity in France. The very FIRST cryptocurrency to do so in the European union. This is certainly what has enabled it to work together with the French government. If you look at the roadmap, you'll see that a complete re-writing of their code is on its way. ARK has never given any dates, they simply announce when they are done. Mobile wallets are almost done as well – if you want to be a payment option, this is a must have. I dare say, if it is at least somewhat like the desktop wallet, this is going to be pretty amazing. The first SmartBridge already works. ARKVM, which allows users to issue ARK smart contracts, is more than half finished. So far the ARK team has delivered on every single of their promises – and positively surprised with most! If they follow their path, we'll end up with a lightning fast, easy to use, smart contract-enabled currency that is able to bridge all other currencies. I bet my ass, that ARK is very well aware of their lack of PR. They're trying to keep a low profile for now, avoiding obvious hypes and pump-and-dumps. Once they get closer to a finished product (something almost no coin has!) they'll ramp up their PR. What we all like to forget is, despite how fast everything moves in crypto, they are still a "normal" company working at roughly the same speed as everyone else. Just because the prices are a lot more volatile does not mean that their development works at the same speed. So don't expect ARK to suddenly be finished before the end of this year. I don't even expect it in Q1 18. But when it comes, this baby will certainly be one of the, if not THE major player on the cryptocurrency market. It has everything Bitcoin ever wanted to be and a lot more. I'm telling you here and now, ARK will experience at least the same growth ETH already had. (Why am I telling you this? Simply because I already ran out of fiat to buy at this low price :D) And here's the screenshots: https://imgur.com/a/Vt4qm [link] [comments]  | ||
| THE ANSWERS ARE IN FRONT OF YOU. WAKE UP, SHEEPLE! Posted: 29 Nov 2017 09:57 PM PST
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| Just a little PSA about buying the dip for new crypto investors Posted: 29 Nov 2017 02:44 PM PST This applies to anyone new joining the crypto craze, or new to investing in general and more specifically the people eyeing bitcoin. A lot of these people on Reddit talking about buying dips and mooning BTC, etc. have very little fiat invested. There was a post on here a few days ago asking how much fiat everyone has invested in crypto and more specifically BTC and the majority of users had <0.1. We're talking like 50-$150 USD investments. I'm not shitting on these people but I just plead with everyone who is contemplating investing a more significant amount of fiat into crypto to do their own research first. No one knows what is going to happen in the coming days, months, years, and so on but the market is overdue for a correction and some people are going to get burned if they aren't careful. The market is in a very weird spot right now and it's hard to predict what is going to happen. My point is that you could be potentially taking advice from people who have no more than $100 invested and are buying dips in $10 increments so it's best to research things for yourself. There are plenty of knowledgeable people on this sub and others but it can be tough to sift through the bullshit. Good luck to all the new crypto investors. [link] [comments]  | ||
| Will the Real Bubble Please Stand Up? Posted: 29 Nov 2017 05:24 AM PST
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| 6 of the top 10 trending searches on the App Store are cryptorelated Posted: 29 Nov 2017 08:00 PM PST
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| Posted: 29 Nov 2017 12:56 PM PST
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| A dude on the LTC sub said he'd eat a 64oz jar of Mayo if LTC hit $100. It did, now he is... Live... Posted: 29 Nov 2017 04:47 PM PST
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| Posted: 30 Nov 2017 02:31 AM PST | ||
| Hearthy demo, decentralized, open and sustainable health care ecosystem Posted: 30 Nov 2017 02:07 AM PST
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| When you buy Bitcoin at 11k and the crashening takes place... Posted: 29 Nov 2017 01:00 PM PST
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| Posted: 29 Nov 2017 07:42 AM PST
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| Tesla owner builds a bitcoin mining rig in a Model S to use Supercharger power Posted: 30 Nov 2017 12:07 AM PST
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| RESULTS of the big reddit cryptocurrency survey! Posted: 29 Nov 2017 03:17 PM PST What is this?One month ago I posted a survey of over 40 questions to a range of different cryptocurrency subreddits and collected just over 300 responses. Since then I have processed the data and taken a look at the different demographics, opinions and portfolios of different users as well as comparing the results from different subreddits. This post is the results of this survey! First thing first, I apologise for the wait. I made the survey over a month ago. The reason I took so long is because I foolishly made it a week before study week for my exams at University so I had to put it aside for a month until my exams were over. Anyway, back to the results. I will condense the main points into this post and if you want to take a look at the graphs, they can be found here in the full report, just scroll down and you will see them. If you want to read the full report I made then click the link below. Full results report hereThe graphs can be found on the full report. Condensed results for the lazyKey Stats: Section 1: Reddit and social media use • Two thirds of cryptocurrency subreddit users frequently browse non-crypto related subreddits. • Over 70% of cryptocurrency subreddit users used reddit previous to finding out about cryptocurrencies. • For 1 out of every 8 cryptocurrency subreddit users, reddit is the only social media platform they use to keep up with crypto. • 94% of cryptocurrency subreddit users check the price of their cryptocurrencies daily! • Over 40% of cryptocurrency subreddit users check the price of their cryptocurrencies over 10 times per day and 80% check the prices at least 3 times per day. Section 2: Demographics • 95% of cryptocurrency subreddit users are male. • The median age of cryptocurrency subreddit users is between 26 and 30 years old. • Almost 50% of cryptocurrency subreddit users are from Europe and another third are from North America. • Over 75% of cryptocurrency subreddit users either have a University degree or higher or are currently studying at University (University is the same thing as college for any Americans reading this). • More cryptocurrency subreddit users are living off money they made from crypto than there are users who work in the blockchain industry. • Over 20% of cryptocurrency subreddit users are students, of these students, 60% of them are at University. • Nearly 40% of cryptocurrency subreddit users consider themselves gamers. • 2 of the 331 cryptocurrency subredditors sexually identify as an attack helicopter. It is fair to say that I have learned not to add an "other" gender option in future surveys! Section 3: Experience and interest in cryptocurrencies • 70% of cryptocurrency subreddit users consider themselves HODLers. • Decentralisation is the main ideological reason for cryptocurrency subreddit users to be into crypto and blockchain tech. • 36% of cryptocurrency subreddit users got into cryptocurrencies in 2017 and 27% got into crypto in 2013. • 45% of cryptocurrency subreddit users have previous experience in the stock market. • The average cryptocurrency subreddit user is into crypto for the money but still has a significant interest in blockchain tech. • Most cryptocurrency subreddit users consider themselves very likely to mention cryptocurrencies to a friend. Section 4: Crypto Portfolio • The median cryptocurrency subreddit user has somewhere between $5,000 and $20,000 invested in cryptocurrencies. • Nearly 45% of cryptocurrency subreddit users have invested either less than 10% or more than 90% of their total savings in crypto. • Nearly 10% of cryptocurrency subreddit users would rather not share what price category the size of their investment in crypto fits into for this semi-anonymous survey. • 80% of cryptocurrency subreddit users have made a profit off their crypto investments. • 60% of cryptocurrency subreddit users who invested in crypto after June 30th 2017 have made a profit off their crypto investments. • 60% of cryptocurrency subreddit users own altcoins outside the top 10 coins by market cap. • 50% of cryptocurrency subreddit users own 3 cryptocurrencies or less. • Nearly 30% of cryptocurrency subreddit users have invested in an ICO before. • The average (median) cryptocurrency subreddit user is signed up for 3 cryptocurrency exchanges. • For just one third of cryptocurrency subreddit users, altcoins outside the top 10 coins make up more than 10% of their portfolio. Section 5: Cryptocurrency Knowledge • Most cryptocurrency subreddit users believe that they understand blockchain technology quite well. • More than 50% of cryptocurrency subreddit users have fully read a whitepaper. • Over 75% of cryptocurrency subreddit users know of Satoshi Nakamoto, Vitalik Buterin and Charlie Lee and who they are. Section 6: Opinion • Most cryptocurrency subreddit users think that 3-5 of the current top 10 cryptos will still be in the top 10 in 3 years. • Nearly 40% of cryptocurrency subreddit users don't support SegWit2x. • Just 10% of cryptocurrency subreddit users have an unfavourable opinion of Bitcoin. • Nearly 70% of cryptocurrency subreddit users have a favourable opinion of Ethereum. • More participants have a favourable opinion of Ethereum than Bitcoin. • More than 55% of cryptocurrency subreddit users have an unfavourable opinion of Bitcoin Cash. • Almost 75% of cryptocurrency subreddit users have an unfavourable opinion of Bitcoin Gold. • 50% of cryptocurrency subreddit users have an unfavourable opinion of Bitconnect while a further 47% don't know how they feel about it or don't know enough about it to have an opinion. • 45% of cryptocurrency subreddit users have an unfavourable opinion of Ripple. • Nearly 55% of cryptocurrency subreddit users have an unfavourable opinion of Ethereum Classic. Final Section: Subreddit Comparisons • Over 70% or r/Bitcoin users are opposed to Bitcoin Cash while just under 20% of r/BTC users are opposed to it. • Over 25% of r/ETHTrader users don't have an opinion of Bitcoin Cash. • 80% of r/BTC users approve of SegWit2x while just 6% of r/Bitcoin users approve of it. • Over 50% of both r/Ethereum and r/ETHTrader users don't have an opinion of SegWit2x. Which Subreddit has the highest rate of ICO investment? The highest rate of ICO investment by users from r/CryptoCurrency where 38% of users have invested in an ICO. Which subreddit has the most compulsive price checkers? The two trading oriented subreddits (r/BitcoinMarkets and r/ETHTrader) had the most compulsive price checkers, with r/BitcoinMarkets having a significantly higher percentage of compulsive price checkers. Which subreddit rates their crypto knowledge the highest? r/Cryptocurrency, r/Bitcoin and r/BitcoinMarkets all have similar distributions with the same averages (median of 7 out of 10 and very similar mean values just below 7). r/ETHTrader rated their crypto knowledge the lowest with a median of 6 out of 10 and a mean just above 6 which as about 0.7 lower than the mean values of other subreddits. Closing WordsThat's it! If you want to read through the full report I made, I left a link near the top of this post, if you want to see the graphs. I'll leave the raw data and the spreadsheets I used to process the data below if any of you are interested. Finally I'd like to thank everyone who participated and especially those who gave criticisms and feedback on what I covered in the survey and how I formatted it. I'm open to any recommendations for next time and criticisms of this survey so that I can make my next survey better. Want more? Check out u/LoveYouEth 's similar post on r/ETHTrader from a few months back. This post is what inspired me to do this and I built many of my questions around what he hadn't covered. This post took me over 20 hours of work to make so any donations are greatly appreciated, but don't feel obliged! Bitcoin: 3N8gWGeJnu7z4fro4WsFpvPscbFQe17RUD or QR code for BTC address Ether/ERC20: 0x4EE0463376B17dABbf819f963E06f6B393bE55De P.S. One person filled in the form within the last three days before I posted this. Too l8 m8 sorry. :P [link] [comments]  |
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