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    Cryptocurrency Daily General Discussion - December 31, 2017

    December 31, 2017

    Cryptocurrency Daily General Discussion - December 31, 2017

    Daily General Discussion - December 31, 2017

    Posted: 30 Dec 2017 10:12 PM PST

    Welcome to the Daily General Discussion thread.

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    • All sub rules apply in this thread except for the karma and age requirements. Anyone can participate.
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    Thank you in advance for your participation. Enjoy!

    submitted by /u/AutoModerator
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    A quick example of Rai's speed

    Posted: 30 Dec 2017 11:16 PM PST

    I'm Truly Disappointed.

    Posted: 30 Dec 2017 11:20 AM PST

    Guys. We need to talk:

    This subreddit above all else is supposed to be a hub of news, useful discourse, information, and understanding of cryptocurrencies/crypto assets in general. Through it I've found some amazing coins and made investments that I would have never known to make.

    But that's only because I didn't listen to the trash level sentiment being carried out and the hardcore tribalism that causes people to lose out on good, solid investments. So here, lemme break this into 3 categories:

    FOR THE INVESTORS

    It has become incredibly clear to me that FAR too large of a portion of our reader base on this sub is entirely unaware of the fundamentals of investing in new tech. This is not a sports team, this is not some TV show or fad, THIS IS A BRAND FUCKING NEW ASSET CLASS THAT CAN REVOLUTIONIZE OUR SOCIETY. And it is MUCH too early to be acting like we've already made our correct bets and that nothing can happen to change the trajectory of our favorite project.

    1) How is the TECH/Whitepaper? (this should always be your FIRST question)

    2) How is the Dev Team?

    3) Do they have a funding scheme? What kind? (community donation, venture capital, institutional investment/buyouts, ICO etc.)

    4) How are they organized?

    5) How is their track record?

    6) Do they have any institutional or prolific backing?

    7) Does it solve a goddamn problem or alleviate friction anywhere?

    8) Does it have competition and where does it stand within that?

    9) How close to ready is it?

    10) Any plans to create, stimulate, and maintain adoption?

    11) Does it have a Marketing and media presence? A good one?

    12) How is its Mainstream visibility?

    13) How about Accesibility and Liquidity?

    14) Growth potential based on current price and supply

    15) Can it survive or at least get around the regulatory hammer?

    Regardless of what you think your coin's shit smells like, these are the things you need to know in order to decide where the hell you're putting your money. Because each and every single one of these questions is important in determining the value potential and sustainability of your coin. If you actually care about making money then you'll shed your need to be on a single team and diversify your assets based on the fundamentals. Yes, I know a month feels like an entire year in crypto, but investment is NORMALLY supposed to be a multi-decade affair. Meanwhile longterm for most of us means 2022 at the latest. DO YOUR OWN RESEARCH.

    FOR THE DAY TRADERS

    In general, you have a very simple job. Look at graphs, do some TA, make a plan, invest based on that and do your best to have orders and trading set up that minimizes risk. So just do that. I don't want to hear a single one of you coming through a subreddit and moaning about how you think something is a shitcoin because it wasn't volatile enough that day to make you dumb amounts of money. No one is saying you aren't making hella money or that you aren't right from a daytrading perspective, but keep that to the trading subreddits where other like-minded people are actually impatient enough to care about that. You should understand that when you put up some pissy comment like that, new investors who haven't the faintest clue on anything will take what you say seriously and model their money movement around your words.

    Think about that.

    If I had listened to day traders, as a mid-long term investor, I'd have missed out on NEO (back when it was Antshares), ICX, and XRP. I would have missed out on the following percentage gains:

    NEO: 1150% Gains as of now ICX: 5080% Gains as of now XRP: 1720% Gains as of now

    Why would I want to miss out on that because of impatience and bad philosophy?

    FOR THE SUPPORTERS

    For people who are genuinely in this for philosophy, that's great, discuss the merits of your philosophy and vision and why you think the coin aligns with that. Otherwise:

    SHUT THE FUCK UP.

    If you don't, you'll start spreading FUD and lies, it's inevitable, the second you decide to trash another coin you're going to do it as a way to feel superior regardless of how good or shitty your investment is.

    I'm done.

    submitted by /u/BigFriendlyGaybro
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    XRB officially on the ballet for the Binance Coin of the Month.

    Posted: 30 Dec 2017 02:47 PM PST

    I can't stop laughing

    Posted: 30 Dec 2017 05:42 PM PST

    I built these 3 fundamental valuation models for Bitcoin in Excel. Details in the comment.

    Posted: 30 Dec 2017 01:28 PM PST

    A centralized bank coin is now the 2nd largest cryptocurrency, good job everyone!

    Posted: 30 Dec 2017 11:53 AM PST

    This is not good for crypto. A bank coin over taking Ethereum. This is not we need in crypto. The fact that ripple has people like Benjamin Lawsky on the ripple board of directors is sickening. I will never buy ripple and i encourage everyone to do the same if you truly believe in decentralized digital currency.

    submitted by /u/Systems416
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    Request Network gaining impressive partnerships

    Posted: 30 Dec 2017 02:00 PM PST

    Request has gained more partnerships than most people realize. Some of them are very interesting collaborations that will yield huge changes to the project - namely their partnership with Kyber (directly advised by Vitalik Buterin) which will see the Request team moving to Kyber offices in Singapore for Q1 2018 to work closely with them.

    Request Partnerships, Clients, and Ties:

    Request Network supporters/investors

    • YCombinator http://www.ycombinator.com: Infamous startup incubator that helped establish AirBnB, Stripe, Reddit, and others. Early supporters of Request Network. They own a share of ICO tokens.

    • 1kx Blockchain Angel Fund: 1kx is a secretive blockchain angel fund that advises Request and was an early contributor to the ICO. 1kx partners founded 2 technology companies and have been involved with DLTs since the beginning of Ethereum. 1kx have been spending hours supporting Request by making introductions to people from the industry and feedback about tokenization token economics.

    Request Network will post a project update to their blog this Friday, Jan. 6th: https://blog.request.network

    submitted by /u/stardawg777
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    Girlfriend made me an amazing piece of crypto trading art!

    Posted: 30 Dec 2017 08:22 AM PST

    Biblepay currently ranked 666

    Posted: 30 Dec 2017 05:07 PM PST

    The ACTUAL bubble:

    Posted: 30 Dec 2017 03:53 PM PST

    Ripple demo on Coinbase beta site [video]

    Posted: 30 Dec 2017 08:07 PM PST

    I recently subscribed to this subreddit and I am utterly disappointed.

    Posted: 30 Dec 2017 08:16 PM PST

    I subscribed here hoping to learn about the different cryptos. The tech the business the background etc. But instead found this is full of shill fanboyism and sheer stupidity. The ridiculous memes about how crypto is today how ripple is bad and how rai blocks is good is just disappointing. If I was the admin of this group I would instantly block all the ridiculous memes that clutter the sub with no added value and the sheer fanboyism, which simple says to the moon with no real reasoning other than ripple is bad or rai block, is the best thing that happened to humanity.

    I hope this sub gets serious about the tech instead of becoming the 4chan or cryptos.

    Down votes welcome but with an explanation.

    submitted by /u/digjam
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    Four Horsemen of Crypocalypse

    Posted: 30 Dec 2017 10:15 PM PST

    Found my friend shilling alts on Facebook today

    Posted: 30 Dec 2017 03:16 PM PST

    If you want to see XRB on Binance, now's your chance. Voting is open. XRB is currently second place to... XP.

    Posted: 31 Dec 2017 04:09 AM PST

    To vote, log on to Binance, and click on the "Community Coin of The Month" image link on the homepage.

    It costs 0.1 BNB to vote, which is roughly $0.8 USD. It's not ideal, but perhaps a reasonable price to pay to have XRB listed on its first major exchange.

    submitted by /u/c3pwhoa
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    Waltonchain Business Partnerships and Govt Contract Compendium

    Posted: 31 Dec 2017 02:43 AM PST

    This is a summary of all the current Partnerships and Government contracts Waltonchain has achieved Pre-Genesis Block:

    Business Partnerships

    SEPTWOLVES

    It's no secret that one of the Waltonchain founders is also the director of supply chain management for Septwolves; which makes this partnership a no-brainer. Septwolves is a large Chinese clothing and Tobacco company with a market cap of just under 1 Billion US dollars.

    FUGIUNIAO

    Fugiuniao is a clothing company with interests in manufacturing as well as retail sales. Market cap: $700 million and approximately 4400 employees.

    DIRECT DELIVERY INFORMATION TECHNOLOGY CO, LTD

    Direct Delivery is an online and in store retail company that has over 1100 stores. They have partnered with WTC to create Amazon GO style automated retail stores.

    SMEN

    SMEN is a Chinese fashion company with several brands that is based in Xiamen. They have over 1200 stores, however, they are not publicly traded.

    KEHUA

    Kehua is an energy company specializing in batteries and solar panels. They are a publicly traded multinational company with a 1.36-billion-dollar market cap. They have 40 subsidiaries, 50 different offices, and over 3000 employees.

    CHINA PANTHER LOGISTICS

    China Panther Logistics is a logistics and shipping company that has partnered with WTC to bring their business into the 21st century by applying IoT technology to their company.

    TANYU

    Tanyu is a company owned and operated by WTC's COO Chen Zhangrong They specialize in clothing and accessories. They supply several large western brands like Hugo Boss, Guess, and Burberry.

    KIoT RESEARCH CENTER

    The Korean Internet of Things Research Center is a group of South Korean companies with a cooperative agreement to develop and share Internet of Things technology. The current chair is SK group (who have holdings in the chemical petroleum, energy, and telecommunications industries). Samsung, and LG are also partners in the initiative.

    LIPSON PLASTIC

    Lipson Plastics international is a Chinese based PVC pipe manufacturer with plants in China and Indonesia. Lipson is not a publicly traded company, so market cap information for them does not exist. WTC will be used in all of Lipson's already developed projects.

    HARIER SMART HOMES DIVISION

    Harier is a multinational Chinese based appliances and consumer electronics company. All told they are a 17.84-billion-dollar company. Like a few other Asian companies, they manufacture everything from refrigerators to smart phones. Their smart homes division focuses on IoT applications that connect appliances and electronics.

    JOEONE

    JoeOne is a Chinese fashion brand with a 1.3-billion-dollar market cap. **WTC worked with them on SEVERAL RFID projects and will use WTC in all their already deployed RFID projects.

    NAKANG CITY FURNITURE INDUSTRY

    NanKang city is heavily invested in their local furniture industry. Waltonchain's RFID tags and blockchain are being used in multiple factories in the area. They are using the system to streamline their manufacturing processes and warehouses. They are also using the RFID tags as a security measure to stem the flow of counterfeit furniture.

    XIANGYU GROUP

    Xiangyu is a 1.5-billion-dollar company specializing in Real Estate and Finance. They also have holdings in trucking, shipping, and logistics. Their partnership with WTC focuses on RFID use in Xiangyu's warehouse division. Both the Waltonchain and their RFID tags are being used in Xiangyu's warehouses, with massive efficiency improvements being reported by Xiangyu.

    TAIWAN CLOUD ASSOCIATION

    Zhu Yanping is one of the senior advisers for Waltonchain and is also on the board of this association. Waltonchain has partnered with them for help with their project marketing.

    KALTENDIN

    Kaltendin is a privately held chain of retail stores that Waltonchain ahs partnered with. One of the angel investors for Waltonchain, Yan Xiaoqian serves as the company's chairman. Waltonchain has already completed several RFID projects with the brand.

    Government Contracts

    MULTINATIONAL BLOCKCHAIN INCUBATOR

    Waltonchain have been contracted to lead a blockchain incubator meant to create a sort of multinational Silicon Valley of blockchain technology. The incubator with be based in Zhangzhou, Fujian Province, and will work closely with Taiwanese companies.

    SMART OCEANS RESEARCH AND DEVELOPMENT

    Waltonchain have a second contract with the Fujian Goverment as well. This project is meant to research and develop concepts to improve China's Maritime industries. These include commercial fishing, shipping and transportation, and better environmental monitoring.

    AIR MONITORING AND PURIFICATION SYSTEM

    Waltonchain have also been working with the Jinhu Provincial government on a project to build IoT based air purification systems. These systems would be able to communicate with one another and actively monitor levels of air pollution.

    Waltonchain has also received two rewards for innovation from the NATIONAL GOVERNMENT OF CHINA as well as the Fujian Provincial Government.

    Summary

    Waltonchain is easily one of, if not the most, adopted IoT solution in China currently. It has limitless real-world uses in all industries that require some form of supply-side management. On top of its potential uses in IoT home based applications, they have a highly skilled team as well as strong partnerships. Though some people tend to be weary of Chinese Blockchain startups, for Waltonchain, they couldn't be in a better place if they tried. Currently flying incredibly under the radar until completion of mining the Genesis Block (scheduled to take place within the next few months), investors still have the opportunity to get in while prices are still under $100.

    Waltonchain will allow for faster/smarter item tracking for the digital age. The combination of the Waltonchain blockchain, which implements a revolutionary dual-chain scalability protocol which will theoretically allow for millions of transactions per second, and their proprietary RFID tags they produce themselves, making them the cheapest, yet most advanced chips on the market, will allow companies to increase efficiency and cut costs by jaw dropping margins.

    TL;DR Waltonchain has some serious potential. It stands out not only as a concept like quite a few coins do, it stands out as one of the few coins that has serious potential for global scale adoption.

    submitted by /u/Dlow_Stacks
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    There are now 31 cryptocurrencies valued at over $1B. If you think we're in a *bubble* read this....

    Posted: 30 Dec 2017 08:15 PM PST

    First of all, using market cap (MC) as the valuation of cryptocurrency is somewhat illogical since this isn't the stock market. We don't take the number of printed money in the US and then draw a valuation to the economy. We use GDP. But unfortunately MC is the currently accepted measurement tool so we're stuck for now.

    But....having 31 cryptocurrencies over $1B is nothing when you compare to this....

    There are currently over 1500 individuals in the world worth more than $1B. That's one person. One. Not a currency. Not a company. A single person. source: http://www.businessinsider.com/how-many-billionaires-world-billionaires-2017-10

    There are over 1900 companies in the world valued over $1B. That's 61x more than the current number of cryptocurrencies over $1B. source: https://www.forbes.com/global2000/list/#header:position

    So sit back and relax. Read white papers. Research the teams behind the projects. Think about where we'll be in 5-10 years from now. Make decisions without emotion. Don't invest more than you're willing to lose. Engage with your crypto communities and share what you learn. We're at the dawn of a new revolution and you're in at the ground floor.

    Have fun and trade smart my friends.

    submitted by /u/BuckeyeBeachbum
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    DeepBrainChain(DBC) will be on binance's voting list next month, vote if you want DBC on a better exchange

    Posted: 30 Dec 2017 04:15 PM PST

    Satoshi please come save bitcoin.

    Posted: 30 Dec 2017 02:44 PM PST

    The community is lost and blind by greed. Nobody cares about the technology but only to trade for a higher fiat balance. I watch as noobs get pushed away from the proper knowledge and information to conduct safe transactions in this world. Only to get trolled and made fun of for asking a question someone who has been around would assume they should just know the answer to. The people today in crypto are not the same who were there to welcome me to the community back in 2013. It is a sad occasion when we can't stop arguing over price movement, block size or hard forks galore. On coin market cap there are so many bitcoins i can't even remember which one is the original chain anymore and i have block rewards from when there was only one. We all need to take a step back and look at where we are headed. Do we want bitcoin to end up like the fax machine ?

    I urge each of you who find yourself checking the bitcoin price, or charts many times a day. Instead find someone who needs help with a question or talk to someone who doesn't know about cryptocurrency. Don't just tell them about the price. Explain the technology or platform which is the entire basis for what we consider a crypto "currency" most of which are just a tokenized representation of the value of the platform. If this was really the case, do you think coin marketcap would look the same ?

    submitted by /u/Coin_Junkie
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    Just spotted in Warsaw, Poland! Translation: “DO NOT BUY MONERO - cryptocurrencies damage the banking system and can weaken the state apparatus“

    Posted: 30 Dec 2017 07:33 AM PST

    I’m tired of Redditors treating cryptocurrencies like religious denominations.

    Posted: 30 Dec 2017 03:21 PM PST

    It's seriously annoying. When one coin does well over another, a sub of the dropping coin just rips the coin that's doing well and Redditors come up with delusional arguments to defend said currency. Instead of hedging all your bets on one coin and using words for placebos, try diversifying your portfolio.

    submitted by /u/Dryfter137
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    'In 2018, I forecast China will surprise the world (again) and change the crypto world.'

    Posted: 30 Dec 2017 05:57 PM PST

    Sweet new UI for bitgrail

    Posted: 30 Dec 2017 01:01 PM PST

    Beware of "Excel Spreadsheet Tools" Infected with Virus Trojan

    Posted: 31 Dec 2017 03:32 AM PST

    "Is ""Bounty Hunting"" The Next High-Paying Freelance Career?"

    Posted: 30 Dec 2017 12:06 PM PST
    Read more
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