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    Cryptocurrency Daily General Discussion - December 2, 2017

    December 02, 2017

    Cryptocurrency Daily General Discussion - December 2, 2017

    Daily General Discussion - December 2, 2017

    Posted: 01 Dec 2017 10:05 PM PST

    Welcome to the Daily General Discussion thread!

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    submitted by /u/AutoModerator
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    Things have changed ��

    Posted: 01 Dec 2017 05:25 PM PST

    Bittrex wants its own subreddit to be shut down for no reason.

    Posted: 01 Dec 2017 09:30 AM PST

    ‘No Regulation Needed’ – Moscow Stock Exchange Plans to Trade Bitcoin Futures

    Posted: 02 Dec 2017 12:40 AM PST

    I made my first coin, what do you guys think?

    Posted: 01 Dec 2017 11:13 PM PST

    I have 80% invested in this altcoin, but it keeps on going down should I sell?

    Posted: 01 Dec 2017 02:43 PM PST

    I have about 80% invested in this alt, and it is the worse performing coin in my portfolio. The problem is, I even get paid with this coin. Should I sell my Dollars?

    submitted by /u/daniel1341
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    ARK-BTC Smartbridge is complete

    Posted: 01 Dec 2017 04:40 PM PST

    Venture Beat on Ethereum crowdfunding

    Posted: 02 Dec 2017 12:02 AM PST

    Why I think ARK will be a winner in 2018.

    Posted: 01 Dec 2017 11:31 PM PST

    Fall 2017 the ARK team and community developers have done a spectacular job at furthering the development. We now have Smartbridges to ETH and BTC, an unique business entity and many more technical advancements. All this while still making things very user friendly.

    Upcoming developments include: mobile wallets (98% ready), ARK VM (55% ready), Push putton blockchain (53% ready) and ARK Core 2.0 (25% ready). Needless to say Q1 2018 will be very exciting.

    The elephant in the room is the price performance from past two months. ARK was in a bullish trend until a series of unfortunate events happened. China banning Bitcoin, Bitcoin Cash, Gold and 2X forks which hurt the whole altcoin markets. After the dust settled the price didn't start to increase past certain point and people (me including) started to wonder and get angry even why the price isn't taking off.

    First of all markets are irrational. Markets go up when people think if they don't invest right away they miss the train (FOMO). For this to happen there needs to be a catalyst and when that happens trend will turn very fast. The biggest catalyst are partnerships. As ARK now has a business entity formed they can start forming official partnerships. The best thing about them is that unlike tech development these come completely unannounced and if you are not invested before that happens you're going to be late from the party. However many projects usually dump after the initial pump because they can't keep up with the tech development. Since ARK has exceptionally strong tech fundamentals that won't be the case and I believe we are one partnership announcement away from the next ride up.

    Lastly many of you surely have noticed the cycle of trends. One month privacy coins are super hot, next month ASIC resistant coins etc. I believe it will soon be the turn of coins like ARK that connect blockchains together. The push button blockchain will enable different projects to create public or private blockchains super easily. I'm sure there will be many projects and entities joining the ecosystem then. From price point of view I believe it will start growing well before that in anticipation.

    submitted by /u/Kryptohamsteri
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    Hello guys. I have lost $30k in IOTA and I would like to know what has happened. Please help me.

    Posted: 01 Dec 2017 09:37 AM PST

    Hey guys,

    im having a pretty bad day over here. months ago i bought IOTA from bitfinex and transferred them to my wallet. weeks after that i wanted to sell the IOTA on bitfinex again, so i transferred the IOTA back to bitfinex and sold them.

    after that i didnt own IOTA for a couple of months.

    a week ago i bought IOTA on bitfinex again. I downloaded the newest wallet version, and logged in with my seed. then i sent a test tx of 15 IOTA from bitfinex to the address which was shown in the 'Receive' tab of my wallet. The 15 IOTA arrived in my wallet.

    a week later i sent 23.4 GI from bitfinex to the address in the 'Receive' tab of my wallet. it has apparently arrived in my wallet, and then left my wallet again with an outgoing tx, around four hours later. the 15 IOTA are still in my wallet.

    screenshot of the txs: https://imgur.com/a/uZAf3

    for the 15 IOTA tx this was the address shown in my 'Receive' tab, the 15 IOTA are there: https://iotasear.ch/address/YBTKLLRNDOBYVEQQOWVDAMP9CKVKNR9JTUGTRDIZWOTKXGGWHHUTTJXMZKCJZDFSAELDBZOPHQLGUYXW9VVHAYBYRX

    a week later i sent the 23 GI to this address, shown in my 'Receive' tab: https://iotasear.ch/address/XTUYYPRVJIMEM9ERPF9CINWXWCOLKEQ9HKCXCYIBECXEMDEZIGVBXRRISKGBGITBQLPWTOJENAUQZKMJWUIR9RHQXC

    the 23 GI were sent to this address just hours after arriving in my wallet : https://iotasear.ch/address/ZFTKVOUDHGHUHAP9ZFIJKQTSPZHCWAOIPIUUUEKCCATSNTHSMAEYWWOJBANMEYXFHMYJATMDYYYJNAPZW

    1. the last tx of the 23 GI to the ZFTK address was not me.
    2. the 15 IOTA are still showing up in my wallet.
    3. i have created 37 new addresses since then, no success so far.
    4. i have generated my seed with the tool recommended on IOTA subreddit's sidebar, for windows. i have since then kept it safe.
    5. how do i check if that ZFTK address belongs to my seed? is there any way to do that? someone on IOTA's subreddit said theres a tool for that. or should i continue creating new addresses?
    6. any way to see if that last tx of the 23 GI was made automatically by the wallet or manually by a thief?
    7. there is 3 new txs showing up on the ZFTK address, all of them are tiny and unconfirmed tho. can anyone explain that to me? what are these? how is that possible?
    8. can the police help here? i know this is an awkward question in crypto
    9. I have posted this in the IOTA subreddit first, it has gotten quite some attention and people were very helpful, but it was downvoted heavily after a while. i therefore wanted to discuss it here again. a lot of the commenters there did not understand how this what has happened to my funds was possible.
    10. i am extraordinarily grateful for any advice or help you can give me, thank you.

    Edit:

    I would like to thank everyone who has engaged in this discussion constructively. It appears to me that the fault was 100% mine. I do not have any hopes of getting the money back anymore. Its just money anyway. At the same time i have to acknowledge that i can imagine thousands of unfortunate events when it comes to snapshots and transactions during or right after them. Its incredible to me how awful the user experience of this wallet is. I want to add, believe it or not, that i am still a big fan of IOTA and i am convinced that these issues will be sorted out soon, obviously not soon enough. Thanks guys, have a good one.

    submitted by /u/guselbindel
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    This post needs more attention and is a reason IOTA could be a ticking time bomb

    Posted: 01 Dec 2017 11:28 AM PST

    /u/guselbindel lost $30k because he reused an address, but his post is being downvoted, so it can't see the light of day:

    https://www.reddit.com/r/CryptoCurrency/comments/7gwl38/hello_guys_i_have_lost_30k_in_iota_and_i_would/

    One of the responses:

    You (accidentially) reused that XTU-address. Between the sending of the 39GI to Bitfinex and the receiving of the 23 GI from Bitfinex, there have been two snapshots. When entering your seed after that snapshots again, your balance showed zero, as it was supposed to. All history, addresses and transactions have been deleted. You then generated an address to receive the 23GI from Bitfinex. But this address was already generated (and used !) for the 39GI months ago. You shouldn't use an address for receiving, if you already sent from it.

    Reusing receiving addresses is pretty standard in the rest of cryptocurrency, if doing so can cause you to lose your IOTA, the official wallet shouldn't allow it

    People wondered why the mods tried auto-warnings for IOTA posts, but when posts like this are buried there is a clear brigading/manipulation problem. I'm not saying don't buy IOTA as a hedge against blockchain investments, but be careful with your funds and know there are serious issues with the tech right now.

    Edit: note that top voted comment suggests this isn't an issue at all LOL, nice job IOTA community.

    submitted by /u/Metasophocles
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    Crypto 101: New York University Launches Cryptocurrencies Course

    Posted: 02 Dec 2017 03:51 AM PST

    (ARK) Development of the ARK and Bitcoin Listeners Completed

    Posted: 01 Dec 2017 10:11 AM PST

    USA Today - Blockchain helping beat counterfeiters. WaBi coverage continues

    Posted: 01 Dec 2017 08:26 PM PST

    Microsoft 1978, ETH 2014, IOTA 2016, would you have invested?

    Posted: 02 Dec 2017 12:55 AM PST

    Japan's largest electricity supplier Lotte will support Bitcoin and QASH payments starting in 2018

    Posted: 02 Dec 2017 02:10 AM PST

    Wall Street Journal's front page diagram of BTC.

    Posted: 01 Dec 2017 06:38 AM PST

    Subreddit for ARK?

    Posted: 01 Dec 2017 08:59 PM PST

    Founders of Ethereum and Litecoin Warn that BitConnect is a Ponzi Scheme!

    Posted: 01 Dec 2017 08:29 AM PST

    fidentiaX, World's 1st Marketplace for Tradable Insurance Policies

    Posted: 02 Dec 2017 03:34 AM PST

    IOTA Co-founder supporting MODUM

    Posted: 02 Dec 2017 03:01 AM PST

    How To Mine Vertcoin With One-Click Miner

    Posted: 01 Dec 2017 01:25 PM PST

    So I now own BTC, LTC, ETH, VTC, and QASH. That's diverse enough...right?

    Posted: 01 Dec 2017 10:07 PM PST

    There are so many dang altcoins out there I don't even know where to start, but VTC seems interesting and QASH is just starting out and looks like it could have major promise, so...we'll see how it goes.

    submitted by /u/jwinskowski
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    Why does a month in crypto feel like a year in real life?

    Posted: 01 Dec 2017 02:03 PM PST

    IOTA's Dom Schiener on German national television next week, together with Volkswagen CDO

    Posted: 02 Dec 2017 04:04 AM PST

    Michael Bloomberg thinks that Bloomberg is a blockchain !!

    Posted: 01 Dec 2017 07:47 PM PST

    https://www.youtube.com/watch?v=cFu3FPjGluU&t=110

    It astounds me that someone so successful in the world of finance is so out of touch with what is going on today.

    submitted by /u/portished
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