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    Home Unlabelled Crypto Currency Markets [r/CryptoMarkets Daily Discussion] - 20/Feb/2018

    Crypto Currency Markets [r/CryptoMarkets Daily Discussion] - 20/Feb/2018

    February 20, 2018

    Crypto Currency Markets [r/CryptoMarkets Daily Discussion] - 20/Feb/2018

    [r/CryptoMarkets Daily Discussion] - 20/Feb/2018

    Posted: 19 Feb 2018 10:05 PM PST

    Welcome to the /r/CryptoMarkets Daily Discussion thread. The thread guidelines are as follows:

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    submitted by /u/AutoModerator
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    Skycoin is a total scam. They've banned me for asking the wrong questions.

    Posted: 20 Feb 2018 09:16 AM PST

    Totally ridiculous. I was thinking about buying if they could clear up these concerns I had but nope, they just banned me. This coin will never be successful because it is run by complete idiots. Isn't it ironic? They want to replace ISPs like Comcast yet they're the most authoritarian and centralized crypto group I've ever seen. It's a damn shame because the coin seemed promising but it is clear now that it was all a lie.

    https://i.imgur.com/h7IgDhS.png

    Lesson learned: If a coin ever promises to be everything and more, it is a lie. If it sounds too good to be true, it usually is.

    Edit: I may have overreacted. https://i.imgur.com/L83x85q.png

    I do not believe Skycoin is a scam anymore, but they have very poor community relations. I will still invest since the technology looks promising but they need to work on how they deal with and represent themselves to investors and potential investors.

    submitted by /u/throwaway11233422
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    IoT Chain (ITC) is now on KuCoin. This is the beginning of the expansion of ITC.

    Posted: 20 Feb 2018 11:08 AM PST

    Here we go again, the fud train

    Posted: 20 Feb 2018 08:57 PM PST

    Always when the market goes little down the posts popping up calling crypto a scam etc, most of the time this posts is spreading around by accounts wich are even not subscribed or have any history in crypto at all.

    Im always wondering who is behind this, is it people who get paid to spread this nonsence posts or Maybe they have nothing better to do in life.

    submitted by /u/Dagdag3
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    $1000 Experiment, I buy Reddit's top shills- Week 8: Up ~143% All-time!

    Posted: 20 Feb 2018 06:46 PM PST

    Some blatant honesty from PinkDate a day before their pre-ICO ends

    Posted: 20 Feb 2018 08:27 AM PST

    Effect.AI - Wolfpack research group

    Posted: 20 Feb 2018 12:13 PM PST

    Effect.AI - Wolfpack research group

    Telegram @wolfpackresearchgroup

    Sources, references and additional information: HERE

    ICO name: ✅Effect.AI

    ICO crowdsale: ✅March 2018 (Precise date T.B.A)

    ICO crowdsale:✅ Whitelist (Soon)

    Max supply: 650,000,000 EFX

    Telegram: @EffectAI

    LONG POST Ahead!

    I suggest checking the latest White/lightpaper on their website** ✌

    Basic information (1)

    In the past five years there has been a rapid growth in the number of practical Artificial Intelligence (AI) applications around us. Smart services, like self-driving cars, face and voice recognition in mobile phones and image translation are getting a central place in everyday life. This rise can be explained by the advances in machine learning research and the ready availability of cloud computing. The Effect Network is designed to provide a feature complete alternative to Microtasking, AI as a service and Machine Learning Computation, and operates fully on smart contracts deployed on a Turing-complete blockchain.

    According to their whitepaper the main reasons that currently make AI development inaccessible for individuals is data processing, diverging tasks and computational cost.

    These points are claimed to be solved by the Effect Network. Like other decentralized applications, Effect directly connects supply and demand without the need for an intermediary party. This brings the following advantages; Accessibility, accuracy, performance, interoperability.

    The Effect Mechanical Turk platform is a decentralized, peer to peer marketplace for tasks that require human intelligence. It provides similar features as centralized services like Amazon Mechanical Turk, It is a crowdsourcing technology that enables requesters to submit tasks that can be completed by human agents in exchange for compensation. Users can work on tasks from requesters at any time, anywhere and from any device.

    The tasks are called Human Intelligence Tasks (HIT). The providers of the HITs are called requesters. When a worker completes a task they are paid with the token EFX. Requesters can put tasks on the Effect Mechanical Turk platform to be completed by workers. They can decide how many EFX the workers will get for each completed task and the workers can complete the tasks from the requesters in exchange for the EFX tied to these tasks. Afterwards requesters can retrieve the results from the platform and use these results to train their AI algorithm. Effect Mechanical Turk gives requesters access to an on-demand, scalable and distributed workforce.

    A task represent a piece of work that has been submitted by a requester, and can be accepted by workers that match its requirements. Each task points to a data set that can contain any amount of media assets. The contract ID of the task will validate the format of the data.

    The structure and required feedback for a task is defined by the contract ID and the blueprint. Each type op task requires a smart contract to handle interaction. Effect maintains a database of deployed smart contracts to make it easy for requesters and workers to interact with the network.

    Decentralized AI Exchange

    The Effect Exchange is a decentralized marketplace where AI algorithms can exchange their services. An application owner can register on the exchange by specifying a public endpoint of his application, following their data interchange format and specifying a usage fee for consumers. This application can now be called through smart contracts on the blockchain.

    Application endpoints on the Effect AI Exchange communicate over the HTTP protocol. Data is exchanged in JSON format and the defined RDF schema. RDF Schema provides a data-modelling vocabulary for RDF data. RDF Schema is an extension of the basic RDF vocabulary. (2)

    Decentralized AI algorithms

    In the whitepaper they claim that in the final phase of the network the actual computation will be distributed, so that the algorithms run globally without a failure. To achieve this they use the fact that most machine learning algorithms have rigid structure, and operate on sets of weights. The Effect decentralized compute engine is based on deep-learning networks like Caffe (3) and Tensorflow (4) , where the network structure can be defined as a declarative graph and weights are stored as matrices of real numbers.

    These matrices can be distributed over a decentralized file system and be processed at different compute nodes on the network.

    In order to achieve liquidity in EFX, they claim that the Effect Network will maintain a central pool of tokens to provide liquidity, encourage adoption and stabilize network fees. This pool is called the Galaxy Pool and consists of a mix of EFX and native tokens. Several rules will drive the Galaxy Pool towards stability. These rules can later be refined by means of governance. As the Effect Network is decentralized there can not be a single person or organization authoring these changes. To fix this the network has a governance system that allows prominent people in the community to propose and vote for improvements. Right to vote is at first acquired by selected individuals.

    The Galaxy Pool ensures stable exchange rates for users of the platform at all times. Any coin that is bought from the Galaxy pool will initially be tainted, and a G-EFX coin can not be sold back to the pool. By tainting the coins they protect the Galaxy Pool from external manipulation and keeps exchange rates stable for workers. A G-EFX coin is converted to a regular EFX token by spending it through an Effect service contract. These are the service contracts from the tasks and service registry.

    On the Effect Mechanical Turk workers are rewarded tokens for their effort. This could make malicious users to gain wealth by submitting a large quantity of tasks with poor quality. To avoid this, the network will appraise users by their quality of work. Users that put in good effort will be rewarded with Honor Tokens (HNR). These tokens can not be traded or sold, but will gradually expire over time. Workers with a large number of honor tokens will be able to apply for more high rewarding tasks and will have to pay less tax to the Galaxy Pool. HNR tokens are credited to users when they are rated for good work.

    Company and team

    3 of the 8 team members have worked at Itsavirus, a software and interaction design company which worked for Heineken and Shell. (5)

    CEO: Chris R. Dawe, Business management and marketing Project manager of Itsavirus. (6)

    Lead Developer: Laurens Verspeek, Bachelor and Master of Science in computer Science. Lead developer Itsavirus. (7)

    Lead Blockchain: Jesse Eisses, Bachelor and Master degree Artificial Intelligence. Lead developer Itsavirus. (8)

    Partnerships

    At this moment there is no partnership announced yet.

    Roadmap

    The token crowdsale is planned for Q1 2018 and more precisely in march according to their website. (9) In their roadmap the Effect M-Turk will be fully released by Q3 2018, the CEO mentioned that the M-Turk will be out way before Q3. By Q2 2019 the Effect Smart Market will be fully released. That's the decentralized AI platform we discussed earlier, where people can offer and buy AI services. Eventually in Q4 2019 the Effect Power will be fully released, where the platform will run deep learning frameworks.

    Please note that this roadmap is still being worked on and is not definitive, it is however an estimate!

    Sources, references and additional information:

    HERE

    submitted by /u/Marsh_1
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    VeChain Medical & Healthcare Solution

    Posted: 20 Feb 2018 07:50 AM PST

    Why you should be bullish on Walton (WTC) - Fundamental and Technical Analysis

    Posted: 20 Feb 2018 01:19 PM PST

    I review at least 5 different coins each week. Here are my reviews and due diligence for this past week.

    Posted: 20 Feb 2018 07:07 AM PST

    Here is a link to my Due Diligence sheet where I keep all my notes. https://docs.google.com/document/d/1XQlAGIDPjDoQNHtzEWGdbO9i8MUkc4lZFKYLTZzMpYU/edit?usp=sharing

    Civic Summary Review: https://www.youtube.com/watch?v=nm_F0O-LdYo Civic Due Digilence over 4 hours long: https://www.youtube.com/watch?v=36JTsX9ScEI

    LiveEdu Summary Review (ICO just ended) https://www.youtube.com/watch?v=N3bjEcjs8LI LiveEDU Due digilence: (Combined with ECC due digilence so about 2 hours long) https://www.youtube.com/watch?v=428vBSzet_s

    TheKey: Summary Review https://www.youtube.com/watch?v=j_yN6m-IhEY TheKey Due Digilience over 3 Hours Long https://www.youtube.com/watch?v=MloFP5NIwV4

    Aigang: Summary Review https://www.youtube.com/watch?v=PRmbIGX5jeM Aigang Due Digilance about 3 hours long https://www.youtube.com/watch?v=aols494RpLU

    Po.et (POE) Summary Review: https://www.youtube.com/watch?v=TqxRB7idMoQ About 6 hours long!!! Long because I started to review Neo then decided to hold off for now. https://www.youtube.com/watch?v=C6rRnPHD9bQ

    Feel free to comment on my Due Digilence sheet.

    submitted by /u/ProfessorGanymede
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    Decentralized exchanges. It's our furure?

    Posted: 20 Feb 2018 09:32 AM PST

    I see the future of all trades in decentralized stock exchanges and the atomic swap's. Now we have etherdelta, idex etc. Very promising OAX platform.

    What you think about it?

    submitted by /u/Kingofhamburget
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    Venezuela launches the world's first sovereign cryptocurrency

    Posted: 20 Feb 2018 01:02 PM PST

    Is it recommended to keep a diversified portfolio (BTC/ETH/LTC)? How do people feel about a 33.3/33.3/33.3 split?

    Posted: 20 Feb 2018 01:00 PM PST

    Yesterday evening social media buzz skyrocketed for Tether. Sentiment, tags and themes at a glance for usdt.

    Posted: 20 Feb 2018 10:09 PM PST

    Under the Radar - Biotron: Control And Monetize the Data You Create

    Posted: 20 Feb 2018 06:27 AM PST

    INDIA FUD

    Posted: 20 Feb 2018 09:54 PM PST

    The present version of Unregulated Deposits Bill 2018 does not include cryptocurrencies. The media houses want crypto dead, in India

    While the Indian media houses hardly understand Crypto, its not hard for us to see why they are FUDding.

    Most media houses have vested interests, and some others have been bought by Centralised powers. Thus, although they appear to take a pro government stance in the face of 13000 crore scam, they go all guns blazing against Bitcoin

    Not long ago, a vernacular daily in India, called Bitcoin "Bittercoin" and defined it as "Fake money minted online via machines owned by miners". Politely they regarded Ethereum and Litecoin as Outright Scams.

    While what we are seeing now is probably a last ditch attempt to break cryptos back to the Bear territory, given they themselves have vested interest in people losing it all. (That will give them a nice clickbait headline.)

    While what the government has said is sensible and points to a Ponzi Scheme Crackdown, which is actually required in India, this incessant Attention Mongering by Media houses, to wreck the confidence of gullible investors is scary.

    http://pib.nic.in/newsite/PrintRelease.aspx?relid=176666

    https://www.google.co.in/amp/www.zeebiz.com/india/news-cabinet-approves-bill-that-bans-ponzi-schemes-cryptocurrencies-37529/amp

    submitted by /u/Fullthrottle19
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    Dogecoin is Unexpectedly Helping Ethereum to Solve its Scaling Issues

    Posted: 20 Feb 2018 01:02 AM PST

    Do you understand the code(s) of the cryptocurrency(ies) you are invested in?

    Posted: 20 Feb 2018 12:43 PM PST

    Signs of Ended Correction?

    Posted: 20 Feb 2018 08:58 PM PST

    Is it over now? Do we need to hit a price point? 18k? Do we need to see another HUGE sell off? What are yall thoughts?

    submitted by /u/young_steezy
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    How do I make my cryptos go green instead of red?

    Posted: 20 Feb 2018 09:20 AM PST

    Every time I go to check the price of my portfolio cryptos, the price is red so it went down. How do I make it so it is green when I check the price? Because I need my money back

    submitted by /u/Weedsmoker4hunnid20
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    OMG back Above $20

    Posted: 20 Feb 2018 02:12 PM PST

    What crypto to choose this month?

    Posted: 20 Feb 2018 04:44 AM PST

    Ok guys, later this week i'm going to drop 150-200 bucks on 1 crypto, i like to do this every month, i choose one, drop my money and hodl, the thing is that this month i still haven't decided what crypto i'm going to drop my money in... EOS, BAT, NAS, NEO, OMG, FUN, ENG, ENJ, LTC ... LTC is atm on a FOMO wave, so i don't think i'm going to buy it I was looking at either NEO, OMG or EOS... but if anyone thinks any of the other is a good choice go ahead and tell me, always glad to know more!

    My cryptoportfolio atm is: VEN;XLM;TRX;ETH;IOTA; so have that in mind

    submitted by /u/Teutonium
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    Cryptocities.net vs. Cryptocountries.io (ETH GAMES!)

    Posted: 20 Feb 2018 07:03 PM PST

    Cryptocities.net vs. Cryptocountries.io (ETH GAMES!)

    So I've spent my day developing new addictions to Ethereum based games. If crypto was not bad enough now we have truly entertaining games to play. If you are a high roller (have 4+ETH) I highly recommend cryptocountries.io. However, their barrier to entry ensures only a select few can play as the cost is fairly high at 4ETH. Cryptocities.net is much cheaper to play (starting at .03 ETH) and is fairly similar, you can buy countries, cities, and continents.

    The goal of both is to conquer the globe! To get started consider an entry level country on either platform and a city at the lowest cost. By "developing" a new city you will produce a new city for 1/3 of the sale price. However, during this development period all your cities will be in cooldown not allowing you to buy/sell/trade/develop them.

    Cryptocities and cryptocountries have led the ETH Dapp list's highest volume of ETH traded the last few days with thousands of ETH traded between the two games. Prices on both games should continue to soar, if you are interested in a new ETH based game like Cryptokitties (with the scarcity issues and transaction problems fixed), Cryptocities.net is great for the smaller budget, or cryptocountries.io for the high rollers.

    These games can be played here:

    https://cryptocities.net (Lower buy in, start at any price point you want)

    https://cryptocountries.io/dapp/ (Minimum buy in 4ETH, but check it out!)

    My strategy for both games is acquiring the cheapest countries available ensuring a minimum of a 20% return. If you do not have enough ETH for countries (try to as it's more fun playing with more ETH), then your move is to buy cities on cryptocities.net.

    I wrote an in-depth article regarding cryptocities and cryptocountries here: https://btcmanager.com/monetized-digital-gaming-taken-ethereum-blockchain/

    If you want to read about the best Freelance platforms and how the blockchain is impacting it: https://btcmanager.com/blockchain-penetrates-freelance-market/

    submitted by /u/JakeTheCryptoKing
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    Venezuela releases 82.4M units of Petro Cryptocurrency, marks the beginning of Western monetary monopoly collapse

    Posted: 20 Feb 2018 06:08 PM PST

    Tired of crypto day trading? Automation is here to help

    Posted: 20 Feb 2018 06:12 AM PST
    Read more
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