• Breaking News

    Monday, December 4, 2017

    Home Unlabelled Cryptocurrency Daily General Discussion - December 4, 2017

    Cryptocurrency Daily General Discussion - December 4, 2017

    December 04, 2017

    Cryptocurrency Daily General Discussion - December 4, 2017

    Daily General Discussion - December 4, 2017

    Posted: 03 Dec 2017 10:05 PM PST

    Welcome to the Daily General Discussion thread!

    Guidelines:

    • Questions, debates, meta issues, etc are all welcome.
    • Breaking news should be posted separately from this thread.

    Rules:

    • All sub rules still apply in this thread except for the karma and age requirements. Anyone can post comments.
    • Be respectful to one another. Follow the golden rule.
    • No trolling or shilling.
    • Discussion topics must be related to cryptocurrency.

    Resources and Tools:

    • To view live streaming comments for this thread, click here. Account permissions are required to post comments through Reddit-Stream.com.
    • Click the RES subscribe button below if you would like to be notified when comments are posted.

    Thank you in advance for your participation. Enjoy!

    submitted by /u/AutoModerator
    [link] [comments]

    random pizzeria in NJ

    Posted: 03 Dec 2017 12:02 PM PST

    Christmas marks the beginning of my nieces and nephews college fund. They range from 2-13 years old. I bought them all bitcoin from before the fork in August the the initial investment is over 4X at the moment.

    Posted: 03 Dec 2017 07:36 PM PST

    People have spent over $1M buying virtual cats on the Ethereum blockchain

    Posted: 03 Dec 2017 05:00 PM PST

    How To Work Out Where You Are Making (Or Losing) Money In Your Crypto Portfolio?

    Posted: 03 Dec 2017 11:25 PM PST

    Iota up 75% over night. What's going on?

    Posted: 03 Dec 2017 11:29 PM PST

    IOTA Price Reaches new All-time High of $2.4

    Posted: 04 Dec 2017 02:30 AM PST

    Venezuela Announces the Creation of Oil-Backed National Cryptocurrency – the Petro

    Posted: 04 Dec 2017 12:40 AM PST

    IOTA is now top 5 by cryptocurrency market cap.

    Posted: 04 Dec 2017 02:43 AM PST

    NEO's Da Hong Fei states they will move outside China to the Global market

    Posted: 04 Dec 2017 03:42 AM PST

    Few interesting dApps on NEO platform

    Posted: 03 Dec 2017 11:07 PM PST

    1. imusify: Free, blockchain based, incentified and decentralized platform for music related digital content such as audio, video, apps, images, and blogging where anyone can join, contribute and get paid $IMU

    2. BlockAuth: BlockAuth allows users to login (authenticate) to apps and websites by invoking a NEO smart contract from a NEO address tied to the user's account. It aims to be the Blockchain OpenID

    3. Phantasma: platform where the users control their own content, instead of relying in third parties servers. The platform support any kind of transactions between users, eg: email, chat, files, money transfers.

    4. Neotrade: Simillar to ether delta - Work in progress

    5. Chainline: Trustless, peer-to-peer network of couriers coordinating with a smart contract.

    6. Switcheo: Decentralised exchange built on NEO's blockchain - Work in progress

    submitted by /u/coldstonesteeevie
    [link] [comments]

    LoMoStar just announced iOS beta will now be available on Wednesday 1800 Beijing time. Community manager confirmed it will be released globally including China (China with a later release date after their own local marketing campaign)

    Posted: 04 Dec 2017 04:00 AM PST

    The Value of QASH

    Posted: 03 Dec 2017 07:52 PM PST

    There have been a lot of posts about QASH recently. Based on my review of these posts and their comments, there seems to be somewhat of a consensus that their team is solid and the products they are developing (e.g. the LIQUID platform) will contribute to the cryptocurrency ecosystem. However, there remain questions regarding the value of the QASH token.

    In my estimation, the white paper does not do a good job describing why the QASH token has value. For instance, in Section 04 regarding the QASH token, they state:

    • "QASH is a Crypto Token that can be used as the fuel that powers all services provided by the LIQUID Platform and QUOINE's existing platforms (QUOINEX and QRYPTOS)."

    • One of Qash's main functions is being a "Crypto Token users can pay for services on all of our [QUOINE, CRYPTOS, and LIQUID] platforms"

    • "As the demand for the LIQUID Platform grows, the utility of QASH will increase and will allow QASH holders to use its value to "pay for" all services and functions QUOINE and its partners will provide."

    If you are a cautious crypto investor, you will likely be uncomforted by these claims. What exactly do they mean when they state that QASH will be "used as the fuel that powers all services provided by the LIQUID Platform and QUOINE's existing platforms (QUOINEX and QRYPTOS)"? Is QASH the only token that can be used to pay for the services on these platforms? They seem to suggest that QASH is necessary to use the LIQUID platform – in which case QASH's utility/value is directly tied to the success of the LIQUID platform – but they do not explicitly state this. If you are a skeptic, you may be worried they are simply tossing around buzzwords and avoiding the issue, and the white paper doesn't go into sufficient detail to assuage these worries. Accordingly, because the project seemed promising, I decided to dig into this issue to determine what QASH's value proposition actually is and whether the token has utility.

    As I understand it, users of the LIQUID platform will be required to pay fees. If you pay these fees with QASH, you receive a 5% discount, and this discount is perpetual. This creates a natural demand for the token. Thus, the more the LIQUID platform grows, the more the demand for QASH grows.

    Additionally, in 2019, QASH will migrate to its own blockchain tailored to financial services. This blockchain will feature "intelligent agents" (i.e. smart contracts), for which QASH will serve as the fuel. Furthermore, the QASH blockchain will be proof of stake, and forgers participating in the validation network will be rewarded in QASH.

    All of this is explained in more detail in the following Medium article: https://medium.com/@QUOINE/qash-and-the-qash-blockchain-b8fb922994a4

    In sum, the QASH token appears to have a rather straightforward value proposition, and claims that it lacks utility/value appear unfounded. I am interested in hearing opposing viewpoints, however. As for myself, I think this is a solid project, and the team behind it is very impressive. I've taken a position and plan on holding. As always, though, DYOR, and happy trading/holding.

    submitted by /u/NewOnTheBlockchain
    [link] [comments]

    Wild variations are happening, but don't get too emotional and invest solely due to FOMO. Be cool. Do your research before anything.

    Posted: 03 Dec 2017 07:17 PM PST

    A few days ago, I made a post predicting that IOTA would keep its amazing pace and hit $2.50 before EOY 2017. Seems I have a good chance of being right, but this doesn't mean you should listen (or not listen) to people who attempt to take on the role of evangelists and 'sell you' their coin.

    This subreddit can be a gold mine. There's plenty of smart people among all of you, plenty of well-written pieces on projects before they go tenfold. The cryptosphere itself is an incredibly interesting universe, full of projects that may very well change the world.

    There's also a lot of manipulation. A lot of lies and schemes. Always be curious, but always be careful. Don't dismiss coins because they're getting attention or turn away from potential opportunities because people seem to be pushing to hard. But always do your research before actually jumping on a new token. And probably most importantly diversify. Some coins double or triple in weeks. Oh well. You could've had more money if you had everything in that high-growth coin at that time. You could've also lost all of it. It's rarely worth it.

    Finally... be safe with your funds. Get them off exchanges when you can, cold storage is even better. Be patient. Be stoic. Invest in what you believe in. That's how you find the good ones.

    submitted by /u/fast_grammar
    [link] [comments]

    HST (Horizon State) officially announces partnership with the United Nations - This is it!

    Posted: 03 Dec 2017 03:08 PM PST

    Neo's Da Hong Fei on CNBC

    Posted: 04 Dec 2017 03:43 AM PST

    This is IOTA's breakout moment.

    Posted: 03 Dec 2017 06:22 AM PST

    This coin is destined for top 3 now

    submitted by /u/Chubkajipsnatch
    [link] [comments]

    Detailed Analysis of Nav Coin

    Posted: 03 Dec 2017 12:34 PM PST

    Hi /r/CryptoCurrency

    I want to start off with saying that I don't try to shill this coin. This should be viewed as a summary of points why I personally think, Nav Coin will blow up in 2018.

    This is no financial advise. Like always, do your own research!

    Disclaimer: I own a fair amount of Nav Coins myself.

    1. What is Nav Coin

    Nav Coin has been publicly traded since mid 2014.
    It's a decentralized cryptocurrency which is built on the latest version of Bitcoin Core with many additional features and functionalities which differentiate Nav from other cryptocurrencies. I'm going to dive into the details of these features later on in this post.

    The aim of Nav Coin is to simplify cryptocurrencies. In my opinion, this (the mainstream-adoption) is one of the most important topics for all cryptocurrencies in general. Nav is directly adressing this issue by providing very easy to use tools (wallet, mobile wallet, etc.).

    1.1 Facts & Figures

    • Funding: Compared to other cryptocurrencies, Nav Coin did not have an ICO or a premine.
    • Market cap: ~72kk
    • Circulating supply: ~62.1kk
    • Max supply: annual increase of max. 5% (realistically about 2-3%)
    • Currently trading for: 1.17 USD | 9983 sats
    • Exchanges: Bittrex | Poloniex | Upbit | LiteBit.eu | Cryptopia | Novaexchange

    Additionally, Craig talked about adding Nav Coin to Binance in an interview with The Crypto Lark (I've linked the interview below).

    2. Meet the team

    The Nav team is known to always deliver what they promise.
    Lately in the crypto-scene we've seen a trend to shill features/news on websites with counters like "We will do X in Y days" etc. which hardly ever get delivered.

    The Nav team is different. They don't set themselves hard timelines (at least not publicly) but rather take the time needed to finish a feature, test it (also in public beta tests) and only when it really is done, release it into the public.

    Like I said before, this team has a history of delivering things they promise. You can see for yourself in the project roadmap. They are working hard every day (as you can see on their GitHub page) to push forward the project.

    2.1 Engineers

    Nav Coin has a team with many different knowledge backgrounds. The chief engineer is Craig MacGregor. He recently did an extensive interview about the current state and future of Nav Coin with the youtuber The Crypto Lark which you can find here: Interview.

    Craig MacGregor is supported by five more engineers, that are actively developing Nav Coin.

    2.2 Marketing Director

    Just recently, Nav Coin hired Kieren Hyland and Laura Harris as full-time employees.

    In my opinion, marketing was something that could have been done more / better by Nav Coin. Since Kieren and Laura joined full-time, they are actively developing a marketing plan and give updates on the current state of it (like recently on reddit: Update from the marketing team. I think the lack of awareness is one of the main reasons, why Nav Coin is still very undervalued at the moment.

    2.3 Operations Manager

    Guy Sinclair is in charge of the operations (like distribution of NavPis etc. which I will talk about later).

    2.4 Weekly updates

    The team writes a weekly update for the community every wednesday and publishes it on the website so that everyone interested can always see the latest status of the projects.

    3. Features and functionalities

    3.1 Basis features of Nav Coin

    3.1.1 Optional Private Payments

    With Nav Coin you have the ability to send private payments. Like the title says, this is optional so you can choose to send non-private or private payments.
    Nav Coin uses a different approach to achieving privacy than other coins. Nav uses the so called NavTech. NavTech is a dual blockchain system. Essentially, the transaction information is encrypted, split in smaller transactions and sent through a second blockchain, which completely breaks any links between the sending and the receiving address. If you're interested in this technology, you can read the whitepapers here: NavTech whitepaper - NavTech Decentralization whitepaper.

    At the moment, private payments are processed by servers. Everyone can operate a server themselves or can use the existing ones. The team is working on NavTech 2.0 which will make these servers obsolete, since every wallet will act as a private payment processor which will further push the decentralization.

    3.1.2 Proof of Stake

    Nav Coin uses the consensus model Proof of Stake which lets holders of Nav Coins earn a reward of 5% in interest of the coin they stake. Staking coins is very simple, you just have to have the wallet open and running.

    5% rewards also mean, that there is an inflation of maximum 5% per year. But it is actually lower (at around 2-3%) since not all coins are staking. So if you are staking, you will earn more than the yearly inflation.

    Here is a very detailed article about how Nav Coins Proof of Stake works.

    3.1.3 Fast transaction times

    Nav Coin has a really fast block speed. Transactions are confirmed as spendable withing only 30 seconds which makes it ideal for retail and e-commerce which in my opinion is one of the main points in real-life adoption.

    3.2 NavPi

    Like mentioned above, Nav Coin uses a Proof of Stake consensus model.
    Most of us have read about the immense energy consumption of Bitcoins Proof of Work model. In my opinion, this is not feasible for the future.
    With the PoS model of Nav Coin, you can stake your coins on a Raspberry Pi which uses only about 18kWh of power annually if run 24/7! This is much more environment friendly!

    Nav Coin even sells their own preconfigured and ready to use NavPi Stakeboxes. Since they're out of stock very fast every time, you can create your own NavPi by following the step-by-step tutorial of the community member /u/navtechservers

    3.3 Community Fund

    Since Nav Coin did not have an ICO or premine, they're fully self financed at the moment.
    Currently, the community is voting about a community fund which will propel the development of Nav greatly.

    If the community fund is implemented, the PoS reward will be reduced from 5% to 4% per year. Each block will generate 0.25 Nav which will be allocated for the community fund (about 21'600 Nav per month).

    Both the Nav Coin team and the community will be able to propose projects and budgets which the community (the stakers) will vote for. The payouts happen when everyone votes that the work is completed. The aim of this is to fund the development and ongoing success of Nav. You can read more about it here.

    3.4 NavPay

    NavPay is Navs mobile wallet. It's currently in a final open public beta. It's one of the first mobile wallets that allow private payments. There are already real world merchants accepting Nav thanks to the NavPay app like Pasticceria Piemontese in rome and you can even pay for a cardiologic examination using Nav.

    NavPay has a very simple and beautiful user interface. The final version is planned to be released before christmas 2017!

    3.5 Polymorph

    Polymorph is a feature which is planned to be launched in early 2018.
    It is a fusion of NavTech's anonymous transactions and Changelly's instant exchange which will enable users to send any one of 80+ cryptocurrencies anonymously through the dual blockchain powered NavTech anonymous transaction system!

    Here is an example of how it is possible to send Bitcoin anonymously with Nav Coins Polymorph.

    For the traders: Polymorph will greatly increase the volume for Nav.

    3.6 Anonymous Distributed Apps (NavChain)

    At this moment, Nav Coin is "just" a currency. But this is going to change in 2018.
    The team has recently finished with the planning of a Anonymous Distributed Apps Platform (aDapps) (think of Ethereum's smart contracts, but with privacy!).
    They are currently polishing and finishing the whitepaper which will be ready to be launched in early 2018.
    Craig will be developing a technical prototype with Alex in Berlin before christmas!

    This project will change Nav Coin from a currency to a platform.

    4. Community Channels

    Channel Link
    Website navcoin.org
    Reddit /r/navcoin
    Twitter @NAVCoin
    Facebook NAVCoin
    Medium Nav-Coin
    Discord NAVCoin
    Telegram NAVCoin

    5. Why I am heavily invested in Nav (TL;DR)

    To summarize this post I've listed the main points why I think, Nav will be huge in 2018:

    • Very active team that delivers what they promise since many years
    • Friendly, active, helpful community
    • Many big projects planned for 2018 (release of NavPay (12.2017), Polymorph (2018), aDapps(2018)
    • Listing in Binance
    • Community fund which will probably make many freelance developers and/or marketing guys interested in contributing to Nav Coin

    If you've made it down here, thanks for reading and please tell me your opinion about Nav Coin.

    submitted by /u/xVicious
    [link] [comments]

    Talked to the owner 2 years ago and now they added litecoin and ethereum

    Posted: 03 Dec 2017 11:32 PM PST

    It just occurred to me that Ark's Encoded Listeners would be extremely beneficial to the Lightning Network timelocks.

    Posted: 03 Dec 2017 06:50 PM PST

    I don't know all the details of the Lightning Network, so maybe I am making some wrong assumptions...

    From what I understand, only the parties directly involved in a channel will receive and store transactions involving the channel. And either party will be required to broadcast the transaction back on the main chain (with a risk of being cheated out of the balance if a response is not take when needed). This presents a risk due potential client downtime and it is also massive attack vector.

    Wouldn't encoded listeners solve both these problems?

    submitted by /u/TheWierdGuy
    [link] [comments]

    Thinking about betting the whole farm on REQ (Request Network)

    Posted: 03 Dec 2017 10:36 PM PST

    For example, it is 8 cents a coin currently, if it hits 40 cents a coin that's around 256 million in market cap which could mean a 5x increase. Any opinions?

    submitted by /u/QuantCon
    [link] [comments]

    How are you guys feeling about NEO at this moment?

    Posted: 04 Dec 2017 01:54 AM PST

    BITCONNECTISAFSCAM

    NEO has a reasonable price at the moment $38,.... and they have some announcements going on today. You guys think it is getting higher up today? I think they do.

    submitted by /u/joostbin
    [link] [comments]

    Bitcoin Going Mainstream(ish): 50 yr old man preaches Bitcoin to me in the gym.

    Posted: 03 Dec 2017 06:39 PM PST

    A 50 year guy I've never met before came up to me in the gym today, asked how I was doing, then started to make small talk by bringing up Bitcoin (I've never talked to him, and he was the one that brought it up).

    I know it's been in the news a tonne lately, but I was surprised that an older guy would bring it up so quickly with a stranger. I was interested in how well he understood it so I played a bit dumb and said I didn't know much about it so I could listen to his explanation of what it is (I've read the whitepaper, started investing in April and keep up with the news).
    He bought $500 CAD worth two weeks ago, checks coinmarketcap religiously and is thinking about putting in more. He thinks it's a bubble because it's value is being driven up purely as a speculative investment (no intrinsic value), but wants to ride it for a while before it crashes.

    Anyways, I thought the interaction might be a nice little snapshot of where we are in the adoption of cryptocurrency: Gaining some widespread exposure, but still a very limited understanding of the huge potential impact of crypto.

    submitted by /u/steveads
    [link] [comments]

    Cryptocurrency will be worth Trillions of Dollars

    Posted: 03 Dec 2017 07:32 AM PST

    Car bought using B3 coin in Jackson, Kentucky!

    Posted: 04 Dec 2017 12:52 AM PST

    Bloomberg to Release Feature involving Tether Monday Dec 4

    Posted: 03 Dec 2017 07:33 PM PST
    Read more
    at

    No comments:

    Post a Comment