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    Cryptocurrency Daily General Discussion - December 30, 2017

    December 30, 2017

    Cryptocurrency Daily General Discussion - December 30, 2017

    Daily General Discussion - December 30, 2017

    Posted: 29 Dec 2017 10:11 PM PST

    Welcome to the Daily General Discussion thread.

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    Rules:

    • All sub rules apply in this thread except for the karma and age requirements. Anyone can participate.
    • Discussion topics must be related to cryptocurrency.
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    Thank you in advance for your participation. Enjoy!

    submitted by /u/AutoModerator
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    Note: Referral Link Spam is against the rules and will result in a ban

    Posted: 30 Dec 2017 12:14 AM PST

    No referral links/codes, URL shorteners, or ads/ commercial offerings.

    While we try our best to catch most of these links, in the off chance we miss any new site indulging in spamming this sub, please report them (preferably via modmail)

    Anyone indulging in referral link spamming will be banned, without warnings and no reconsiderations. Based on your post history, a ban will be anywhere from 15 days to a perma-ban.

    This includes: 1. Creating topics about your coin/exchange and including a referral link. 2. Hiding referral links within text.
    3. Comments with referral links. 4. Using re-direct links.

    Please read the sub rules and follow them. Multiple accounts posting referral links forwarding readers of the sub to the same site will result in the site being added to a public blacklist.

    A list of established exchanges (without any referral links) is provided in the sidebar. Any website or service can make a request to be added to the sidebar after going through the requirements

    Participation in the topics of discussion is most welcome, turning the sub into a spam ground for malicious links is not.

    submitted by /u/socialcadabra
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    [SERIOUS] XRP price manipulation by Bithumb spotted!!

    Posted: 30 Dec 2017 12:03 AM PST

    Reminder: Ripple XRP is centralized, and they can freeze any user's funds, especially when asked by the government.

    Posted: 29 Dec 2017 07:49 PM PST

    Screw a bunch of stop signs, storefronts and cars. Whether you like Binance or not, that little slidey-thing puzzle piece gizmo should be THE default captcha for the whole freaking Internet.

    Posted: 29 Dec 2017 04:53 PM PST

    Cannabis Coin (CANN) is currently Rank 420

    Posted: 29 Dec 2017 04:07 PM PST

    Xrp truth

    Posted: 29 Dec 2017 09:25 PM PST

    Quite the opposite.

    Do you know what people are buying Ripple with?

    USD? No. Eth and BTC.

    Do you know who holds most of the ripple in this world? Who's selling it? Banks.

    What we're witnessing is the reversing of the massive wealth transfer.

    The banks KNOW that they can't kill Eth and BTC, now they need to get as much of it as possible. They don't want to pay full price.

    Their plan? Develop XRP, Hold most of it.. artificially manipulate the price by bidding it up, $2, $3... When retards think it will keep going $4, $5... they are trading precious LIMITED decentralised Ethereum and BTC... for a shitcoin that can be printed on a whim.

    In the end the banks will win. They will end up holding most of the Ethereum and BTC.. You will end up holding most of the XRP..

    and that's when Macafee's prophecy will occur. BTC will head to 1M, Eth to $500k per coin... and you'll be holding Ripple, basically pegged to the USD valued from $0.5 to $1.50 per coin.

    Rich always get richer anon. Even if you start out with more money than ((them))) theyl'l end up with more money than you.

    submitted by /u/noni2k
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    Request Network (REQ) partners with FundRequest to become the future of commerce

    Posted: 29 Dec 2017 07:52 AM PST

    REQ-line Bling

    Posted: 30 Dec 2017 12:53 AM PST

    Stellar enters the top 10 BOOOOM!

    Posted: 29 Dec 2017 02:36 PM PST

    Ripple aka Bigbrothercoin

    Posted: 29 Dec 2017 07:06 PM PST

    XRP way overhyped. Huge correction coming.

    Posted: 29 Dec 2017 04:48 PM PST

    Just doing some simple calculations, the numbers seem to show that the current XRP price is way too overhyped.

    Statistics/Assumptions Total xrp supply: 100Bn xrp held by Ripple: 63Bn xrp in escrow (held by Ripple): 55Bn xrp held by community: 37Bn

    Assuming ripple transactions will completely replace all SWIFT transactions, which it is still far from doing, the daily SWIFT transaction volume is $5 trillion. This is a big assumption as xrp is currently only used by a few banks in limited trial phase which has caused the current jump).

    What the numbers show $5 trillion per day Seconds per day: 60x60x24 = 86,400

    $5Tn/86,400 = $57,870,370 per second

    Ripple CEO has boasted that xrp transactions only take 3 seconds compared to swift which takes a few days. This means after it settles, it is just sitting there idly available for use.

    To be conservative, using the lower number of 37Bn xrp in circulation

    $173,611,111 per 3 seconds divided by 37Bn is $0.00469219, or about 0.47cents

    Compared to a price of over $2.50, this means more than 99.8% of the currency is just sitting there idly unused. At the current price people hoarding it for speculative investment (HODLers) with only 0.2% utilising it for actual transactions.

    Hype correction coming?

    If any of the numbers/assumptions are way off, feel free to discuss the appropriate adjusted price.

    submitted by /u/jxdos
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    While it may only do one thing, Raiblocks does it so damn well!

    Posted: 29 Dec 2017 11:44 PM PST

    It just baffles me how instantaneous the transfers are, despite all the increased traffic.

    There arent any bells or whistles at the moment, but moving any amount of money around for free and instantaneously represents the primary function that peaked my interest to begin with.

    AAntonopoulos had me fully sold on Bitcoin, but the fees and wait times made it unusable, so I switched to Litecoin, then to dash, then to IOTA, then back to dash, now to Raiblocks.

    It's so refreshing to be away from the BTC BCH drama and to be taking part in the very early stages of what will almost certainly be the future of digital currencies.

    Having a feeless, instant currency that is already functional should have everybody fist bumping. Is this not what we all wanted?

    Borderless, decentralized, permissionless, global, instantaneous, free, and secure digital currency!

    submitted by /u/Kmart999
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    This User Made 462 Ether ($210,000) in 3 Days Trading CryptoKitties

    Posted: 30 Dec 2017 01:58 AM PST

    My Friday Night Alt-Coin Trading Station

    Posted: 29 Dec 2017 08:33 PM PST

    When you see that the price of CrankedCoin has stayed steady in these turbulent times...

    Posted: 29 Dec 2017 08:55 PM PST

    Bounty0x is entering into a strategic partnership with CoefficientVC

    Posted: 29 Dec 2017 05:06 PM PST

    [US Taxes] You don't have to pay any capital gains taxes in Puerto Rico if you move there thanks to Act 22. This can be a booming opportunity for Puerto Rico.

    Posted: 29 Dec 2017 02:27 PM PST

    Bitgrail needs to make a formal apology... This is absolutely unacceptable.

    Posted: 30 Dec 2017 01:27 AM PST

    Bitgrail wasn't hacked, there was a bug with their order books that allowed the market manipulation seen with XRB today. Huge sell orders being sold to a bid at the same price instead of going through all the buy orders. Summed up and explained well in the thread below. I understand that they have taken the site down in order to fix this? but it caused thousands of people to lose a lot of money all because 1 whale with some technical knowledge/insider information at bitgrail decided to fuck with Raiblocks investors. Just look at the chart in one of the top posts over at r/raitrade.

    Please don't call this a shill post, just look at the facts here and what happened, I would be saying the same thing regardless of the coin, I know money went into ripple like crazy but this is nothing but a fuck up on bitgrails end. Thank fuck Kucoin is picking it up soon and hopefully some other decent exchanges so we can boycott these fucks.

    https://www.reddit.com/r/RaiTrade/comments/7n0ou8/an_explanation_of_how_the_shitshow_that_youve/

    submitted by /u/Cmorebuts
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    Icon (ICX) From a 'Korean' perspective

    Posted: 29 Dec 2017 12:45 PM PST

    VeChain CEO just showed a screenshot of a BTC/ETH/VEN ATM. Is he inferring it's licensed in Japan?

    Posted: 29 Dec 2017 06:19 PM PST

    300+ Ark New Year's Raffle Happening on /r/ArkEcosystem

    Posted: 29 Dec 2017 02:53 PM PST

    Now Stellar is shooting to the moon, here is a video explaining how Stellar works.

    Posted: 30 Dec 2017 03:29 AM PST

    My Thoughts On Ripple...

    Posted: 29 Dec 2017 04:55 PM PST

    First of all congrats to those that have made money in Ripple. But with it now passing Ethereum I want to share a few thoughts. If Bitcoin has issues next year and or Ripple continues to grow, it could take the #1 spot. So much for the decentralised anonymous blockchain revolution... I got into crypto to get away from the banks and take control of my money. All I read from the corporate owned mainstream media is positive articles about Ripple. Does that strike you as odd when all they can publish about decentralised Bitcoin is negative articles??? Ethically you will never see me touch Ripple. Do you really want to live in a world where the banks control crypto??? Cheers, Nugget's News Youtube

    submitted by /u/nugget_alex
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    The FUD on XRP is just absurd on this subreddit

    Posted: 30 Dec 2017 12:39 AM PST

    I don't know if you guys are just jaleous because your investment is going down or didn't get in when it was cheap or if you are just that guy that loves to join the crowd whenever something is hated.

    If you don't like the coin, ignore it and move on with your life.

    EDIT: wow by just downvoting me instead of making this a good discussion you guys just prove my point.

    submitted by /u/ShadyCallandt
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    Bounty0x misconception: Bounties are NOT paid out in BNTY, they are paid out by whatever currency the Bounty host chooses.

    Posted: 29 Dec 2017 05:15 PM PST

    A lot of people have been asking, "Why do we need a new token for paying out bounties instead of using BTC, ETH, LTC, etc.. ?"

    The BNTY token is used as a form of peer review, or "governance". Essentially, people can bet, or "stake", their BNTY on the legitimacy of a Bounty and if it checks out, they are rewarded with more BNTY. People can also bet on BNTY responses as well. This incentivizes the community to bring the best bounties to the forefront. The biggest use for this platform is for ICO's so it's actually a great system to sift through all the posts, as we all know some ICO's can be sketchy.

    Here's an example:

    "Bounty for information leading to arrest of EtherDelta hacker. Bounty0x

    Dec 27, 2017 - Feb 25, 2018

    https://twitter.com/TommyWorldPower I am placing a $100,000 bounty (payable in any major crypto), for information or efforts leading to the arrest and prosecution of the Etherdelta hacker and return of my funds. If anyone knows who it is, we can keep your identity secret. "

    and another one:

    "Nov 11, 2017 - Feb 01, 2018

    https://blog.ethfinex.com/nectar-token-bug-bounty-b461d55b971c As we approach the launch of Ethfinex and the Nectar token, we are now running an open bug bounty program for the Ethereum community to analyse our token contracts.

    The Nectar token contracts have been published on Github and are available for review here.

    Rewards

    Note or Low: Up to 5 ETH

    Medium: Up to 15 ETH

    High or Critical: Up to 30 ETH"

    submitted by /u/green_eggs_and_damn
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