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    Tuesday, December 19, 2017

    Cryptocurrency Daily General Discussion - December 19, 2017

    Cryptocurrency Daily General Discussion - December 19, 2017


    Daily General Discussion - December 19, 2017

    Posted: 18 Dec 2017 10:05 PM PST

    Welcome to the Daily General Discussion thread!


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    • Breaking news should be posted separately from this thread.

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    submitted by /u/AutoModerator
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    Found a place to HODL.

    Posted: 18 Dec 2017 10:28 PM PST

    Ethereum has processed over 1 million txns in the past 24 hours.

    Posted: 18 Dec 2017 06:43 PM PST

    I've found the perfect coin.

    Posted: 18 Dec 2017 09:31 PM PST

    I don't know if you guys have done any research on TeamCoin yet but it's got insane potential. Here's what I know:

    1. The team is really strong. It's led by Teamguy who we all know and love from his previous work at NeverLaunched and NoLongerExists. He's brought in CoderGuy who we can all pretend we've heard of and who worked on GrinchCoin (which I'm sure you'll all remember stole Christmas a couple years ago!!!).

    2. The whitepaper is incredible. It's actually just white paper…with nothing on it!!! Imagine having an idea so big you couldn't express it in words!!!!

    3. The market cap is super low on this one. Suuuuuuuppperr low. This one's gonna move like Etherium if you locked it in a car with a rattlesnake that's been injected with methamphetamines. The sky is the limit here.

    4. Trust me, I just learned how to mark-up stock charts with lines and stuff and there's definitely signs of a double golden cross doing a triple axel into a Bob Evans any day now.

    5. The Project is based out of Tajikistan and is currently building relationships in New York, London and HK. Tajikistan is incredibly crypto-friendly so we shouldn't expect regulation any time soon!! Also, most fortune 500 companies have been looking for Tajiki blockchain partners (I know this because my cousin works in finance and I also finance a lot!!)

    6. Their head of marketing is a Nigerian Prince! An actual Nigerian prince. Mind blown, right?

    7. The legal teams from Google, IBM. Microsoft and my ex-girlfriend's parents have already reached out to these guys…for partnerships!!!

    8. Screw Lambo's to the moon. I'm taking a DeLorean to Uranus!

    It's just money guys, take a breath.

    submitted by /u/Toothlesskinch
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    Shill you favorite <$50m marketcap coins that will blow up in 2018?

    Posted: 18 Dec 2017 06:57 PM PST

    Obscure shit. I'm talking x50-100 potential folks. They're out there, so share the goods and don't be greedy. Stuff that may or may not have hit exchanges yet. No in-ICO coins. I need to have at least $100k under my belt by eoy 2018 for a hair transplant.

    submitted by /u/ipizi
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    There are now two coins in the top 10 with no working product whatsoever.

    Posted: 18 Dec 2017 06:42 PM PST

    There are currently two coins - Cardano and EOS - in the top 10, that have literally no working product yet. They are, at this point, vaporware.

    EOS is still an Ethereum token, promising a network which does not even exist yet.

    Cardano is vaporware, with no working system, yet somehow placed among the top 10. It's been accused many times of being a pump and dump scheme because of this.

    Why are these coins being pumped up into the top 10?

    submitted by /u/KnifeOfPi2
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    Cryptocurrencies saved my granddad's life.

    Posted: 18 Dec 2017 07:00 AM PST

    I'm your basic 25 years old 9-5 employee making an average salary in Ireland. Few months ago I was browsing the net and came across a website (bittrex) that offers cryptocurrency trading, so I did my research and few days later, exactly on 25. June 2017 I bought my first 0.25btc (around 500e back then) and started trading. Ethereum, antshares, litecoin, stratis, waves and so on and so on, I lost few $ on shilled coins but I gained much more on ICOs and altcoin trading.

    After few months I was looking at a portfolio of over 5000e without any further investment mostly achieved by the rocket moon of bitcoin and just by doing some turnarounds and daily trades. That was in September 30th and on that day my grandfather has been diagnosed with a non-small cell lung cancer (NSCLC), in an early stage where his right side of lungs is affected by a tumour. We're originally from Slovakia so the only option to get this treated was to undergo a surgery to remove the tumour, but considering how bad is the Slovakian healthcare we weren't willing to go forward with this procedure(only procedure covered by his healthcare). The only option was to privately pay for a treatment abroad. After a very long search we found a private clinic that could help us, Oncology clinic in Prague, which was costly but they had the best surgeons to help us.

    Few days passed and we received a quote for the treatment. Where the fuck are we going to get 7900e was the next question that went through my mind, my grandparents are on absolutely hilarious Slovakian pension of 420e/month and there was no way they could afford this. My mother couldn't help because her financial situation wasn't any better and then it struck me...Let's take the profits from crypto and use it to pay for the surgery and that's exactly what I did. I cashed out all my crypto and ended up with 6300e on my bank account. Flew to Prague to undergo the initial examination and few weeks later, on 17th of November my granddad had a surgery where the whole right side of his lungs had to be removed due to the spread of the tumour. His weight dropped to 62kg(-18kg in less than two months) and he was having horrendous pains because of the ribs that had to be snapped to access the lungs during the surgery. Everything went good and there were no complications during or after the surgery.

    As of today, 18th of December, less than 4 months after he has been diagnosed we received the final results of his progress and cancer stage. No cancerous cells were find anywhere in his body, his lungs are working great, no liver damage and he's now at hom, regaining weight and strenght, all well and healthy, looking forward to spend another few healthy years with his family and loved ones. I know that this fight is probably not over yet as cancer will most likely return at one point, but for now we won and all of this thanks to cryptomarket, without crypto we wouldn't be able to afford this surgery and give him another few years of life to enjoy.

    submitted by /u/Craael
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    This is how easy scam ICO can be made. Upvote for visibility to all newbies.

    Posted: 18 Dec 2017 02:21 PM PST

    Every coin in the top 100 is in the green right now

    Posted: 18 Dec 2017 08:46 PM PST

    Waltonchain's biggest industry partnership? Taiwan Cloud Association. Members such as IBM, Microsoft, Intel may be working with Waltonchain to create a Chinese-Taiwanese blockchain silicon valley in Zhangzhou.

    Posted: 19 Dec 2017 02:10 AM PST

    Taiwan Cloud Association

    China.com article

    Some information about Taiwan Cloud:

    One of Waltonchain's senior advisors, Zhu Yanping, is on the board for the Taiwan Cloud Association and is likely the person who connected TCA to Waltonchain and allowed them to collaborate on the government mandated cross-strait blockchain incubator. Taiwan Cloud Association in charge of providing policy-making feedback to the government and is comprised of more than 150 ICT companies in Taiwan. According to the China.com article the contract signed between Waltonchain and TCA is entitled "Strategic Cooperation Agreement on Waltonchain Project Marketing". So Taiwan Cloud plans to market Waltonchain to it's members when the time comes!!!

    Members of Taiwan cloud include large local companies but also include names like: Nvidia, Microsoft, IBM, Fujitsu, KPMG, HP Enterprise, PwC.

    Given that Waltonchain is working with the government and Taiwan Cloud to create the China-Taiwan blockchain industry park as mentioned here, it's not hard to imagine that some of these companies will be involved too.

    submitted by /u/kits_
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    Colossus Out!!! REQ!

    Posted: 18 Dec 2017 05:38 AM PST

    NavCoin community has approved a community fund - 300.000 Nav will anually flow to fund community development and marketing projects!

    Posted: 19 Dec 2017 03:04 AM PST

    Anon interviews Bitcoin

    Posted: 19 Dec 2017 03:08 AM PST

    ADVICE To Newbies: Stop selling ALTS when BTC dumps

    Posted: 19 Dec 2017 03:19 AM PST

    We all should know we are in an irrational fear-driven market.

    Fear of missing out on the way up, fear of losing on the way down.

    This makes things very unstable. But in times like these, when the noob money comes in thick and fast, it makes it much worse.

    Normally ALTcoins should go UP when BTC goes Down. This is the logical expression of the ratio between them.

    Now the noob money actually sells alts when BTC goes down.

    By doing this you are making a double loss, especially if you are not the first to sell. You are pretty much giving away money because you gave in to panic.

    Now sit down, have a beer, and just hodl. Let the price fluctuations happen and track your weekly averages. Enjoy profits.

    submitted by /u/CarlosPedro
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    Theory: Request Network (REQ) and Quantstamp (QSP) to partner with Coinbase

    Posted: 18 Dec 2017 09:14 AM PST

    With Y Combinator owning a 7% stake in REQ, QSP and Coinbase, we can anticipate some synergies to take place. For example, Request Network and Quantstamp already have a mutual partnership for security auditing REQ's smart contracts: https://medium.com/quantstamp/request-network-token-sale-smart-contract-security-audit-summary-ca6828bd3c5f

    My guess is that the Y Combinator's next goal could be getting REQ and QSP listed on CoinBase, as it would benefit of each of the parties.

    submitted by /u/Seypes
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    This sub should be neutral, and not a place where mods remove content based on personal crypto preference.

    Posted: 18 Dec 2017 12:43 PM PST

    I am subscribed to over 60 crypto-related subreddits and I see people on a lot of different subs complaining about this stuff on a daily basis. Mods of this sub are removing trending posts because they are about coins they don't have or don't like. People are seeing their comments get removed because they said something bad about one coin, or something good about another one.

    One recently added mod, famous for bashing and spreading FUD about a certain top 10 coin, removed all of his old comments and was accepted as a mod here. This is bullshit that should not be allowed to happen on here. Note that it says r/cryptocurrency, that includes the coins the mod team does not like. The only acceptable case for certain content being banned would be scam coins like BitConnect.

    submitted by /u/Saturation9
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    Watch out for ICON (ICX)

    Posted: 18 Dec 2017 09:51 AM PST

    The objective of this post is to share rich yet simple information about ICON (ICX) so that an average Crypto investor can understand the future potential of ICON. Disclaimer – I am a big ICON fan and have done extensive research on ICON over the last 3 months but not related to the team in anyway.

    Simply put, ICON is a massive scale blockchain platform that allows –

    1. Decentralized Application (DAPPS) – Build DAPPS on ICON Platform like on Ethereum and NEO. Yes, soon, you will see ICOs happening on ICON platform for different DAPPS

    2. Interchain (Interoperability with Blockchains) – Allows different blockchains connecting to one another through their protocol. ICON is fully compatible with traditional blockchains like Bitcoin and Ethereum and in future can bridge other public blockchains such as Qtum, NEO and many others to achieve their mission statement – "Hyperconnect the world"

    3. Artificial Intelligence (AI) – Use of AI to ensure all nodes contributing to ICON Republic/platform are rewarded fairly and not to have certain powers over distribution policies. AI will continue to learn a variety of variables to determine optimal distribution policies and achieve complete decentralization.

    4. Decentralized Exchange (DEX) – ICON will integrate different DEX protocols on their platform to facilitate exchange of ICX and other future ICON platform currencies. Bancor protocol will be their first DEX protocol when mainent launches this month end and Kyber and others will follow. Not just throwing Kyber's name out there, it was confirmed they are working with each other, official partnership yet to be announced.

    You can also check ICON's comparison with Ether and EOS on their website to learn more about its unique technical capabilities.

    ICON's credentials and why it can become the biggest blockchain in the world (In my humble opinion):

    1. ICON is started by a Korean fintech company Dayli Financial Group, which is currently valued at $4 billion. Dayli was formerly known as Yello Financial Group. Dayli is now established as the market leader in Korea with the largest blockchain network, with over 40 organizations in the financial services, insurance, education, artifiical intelligence, cryptocurrency and hospital space. They are trying to bring all this together through ICON. Btw, Dayli also owns Coinone, one of the leading cryptocurrency exchanges in the world with ~ 800 Million in daily trading volume and the first exchange to introduce Ethereum to South Korea.

    2. An experienced and 31 member dedicated team - 6 foundation council members who are also the founders of Dayli : ) This is how much ICON means to them. 15 blockchain developers and product managers, 5 Artificial intelligence specialists, 5 marketing, design and security specialists – a total of 31 member dedicated team at the time of ICO, which will grow many folds in the future. This team is supported by 8 world class advisors, including Don Tapascott, who visited Seoul to work with the team and other 100 employees of Dayli Financial. All employee bios can be accessed on ICON website.

    3. ICON project has been under development for over 2 years now, under TheLOOP and has real world applications. Loopchain is a distributed ledger that provides industry specific blockchain solutions The first production blockchain service, a KYC authentication platform, was launched in August 2017 with 25 securities firms. Check out their website to look at their impressive partners – Samsung, Kyobo, Meritz and many more. ICON also has Artifiical intelligence in house capability under the company DaVinci, which will support the development of the main platform. Read more about it on Davinci website.

    4. ICON has developed its own blockchain protocol called LFT (Loop Fault Tolerance), which is an enhanced BFT (Byzantine Fault Tolerance)32-based algorithm that promotes faster consensus and ensures the finality of the consensus without the possibility of forks within the network

    5. South Korea is ranked top 5 in ICT (Information and Communication Technologies) and the 11th largest economy in the world. South Koreans also have immense interest in the crypto space, where daily trading account for ~20-40% of total global volume. Most consider cryptocurrencies as an investment vehicle rather than payment solution or functional blockchain platforms. It'll be interesting to see when one of their own public blockchain introduced in the country, how sectors from different industries come up with new use cases, and actual form of payment adapted by end consumers.

    6. Key Partnerships - 3 top Korean universities, Woori bank developing their digital coin(leading Korean bank), Daishain Securities, Chain ID for Kofia, SBI Ripple Asia parternship, DAVinCI selected as AI Solution Partner for Carnegie Mellon University x Emirate Hackathon. ( Will keep this up to date)

    What's next

    1. ICON (ICX) started trading on Binance this morning and will get listed on all the major exchanges soon. OkEx tomorrow.

    2. Testnet is already launched and Mainnet is expected to launch by end of this month – mid of January. Native ICX wallets for each platform (Web, desktop, IOS and Android) and DEX will also launch around the same time. Pro tip - Get ICON before this launch ; )

    3. Detailed roadmap for next year can be accessed through their website.

    Final words – ICON has real contractual partnerships in place, with many more to come and a solid/dedicated team with big corporate backing to take ICON platform to the next level. These guys mean business. I strongly believe ICX will be one of the 10 Cryptocurrencies by end of 2018. Hope you found this post helpful. Cheers.

    Edits - Formatting and grammar.

    submitted by /u/Gav-N
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    Why did most cryto fall within a 13min period of one another?

    Posted: 19 Dec 2017 02:42 AM PST

    Ruuvi partners with IOTA • r/Iota

    Posted: 18 Dec 2017 11:39 AM PST

    Doubled my investment, and I am really proud!

    Posted: 18 Dec 2017 09:38 AM PST

    I am 16 years old and decided to put all of my money(not that much) into crypto. I invested 155 dollars into various coins three weeks ago and now it is worth 310 dollars. It might not seem like much, but I am really proud of actually doing something worthwhile with my money.

    submitted by /u/MrGafferGamgee
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    Colin LeMahieu, founder and lead developer of RaiBlocks, AMA - Ask your questions here!

    Posted: 18 Dec 2017 01:06 PM PST

    CanYa Coin: The ICO you’d run, if you were running an ICO!

    Posted: 18 Dec 2017 10:19 PM PST

    Digital Currency Dashboard To Track Your Holdings, View AI Trade Signals and Collect All Your News In One Place.

    Posted: 19 Dec 2017 01:40 AM PST

    We have designed this to be the only site you need to visit every day to stay up to date with your portfolio, relevant news and get ideas about potential trades, so it needs to be comfortable. Can we hear some suggestions about what we can improve to make you feel right at home?

    You can check it out here: https://coinloop.io

    submitted by /u/reekog
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    Why Coinbase to GDAX to Binance?

    Posted: 18 Dec 2017 07:56 PM PST

    So I see quite a few people saying and suggesting to buy the big three on Coinbase, then transfer it to GDAX. If you want alt coins they say to go from GDAX to Binance. Buy Binance coin and then trade for whatever alt coin you want.

    When it is time to sell, they say to trade the alts for Binance coin. Trade Binance coin for one of the big 3. Move it to Gdax, then to Coinbase. Once it's on Coinbase then sell for USD (or whatever your currency is.

    Is this all correct to incur the least amount of fees?

    What if you plan on buying one of the big 3 and just holding? Should you only buy from Coinbase or buy straight from GDAX? Or is there a benefit to moving it to Binance?

    Could someone explain the different fees and why the process is like this (or if I'm way off base please correct me)?

    Thanks for the help and clarification!

    submitted by /u/HoardingMinimalist
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    When people buy crazy but don’t know what they’re doing

    Posted: 19 Dec 2017 03:53 AM PST

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