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    Tuesday, February 27, 2018

    Cryptocurrency Daily General Discussion - February 27, 2018

    Cryptocurrency Daily General Discussion - February 27, 2018


    Daily General Discussion - February 27, 2018

    Posted: 26 Feb 2018 10:12 PM PST

    Welcome to the Daily General Discussion thread. Please read the disclaimer, guidelines, and rules before participating.


    Disclaimer:

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    PnDs and brigades are not sanctioned by the mod team in any way as they violate rule III. If you discover this thread is being used for these activities, bring it to the mod teams's notice via the modmail.


    Guidelines:

    • Questions, debates, meta issues, etc are all welcome.
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    Rules:

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    Thank you in advance for your participation. Enjoy!

    submitted by /u/AutoModerator
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    50 cent to judge "I have no bitcoin"

    Posted: 27 Feb 2018 01:25 AM PST

    VechainThor Rebrand Event: BMW, Oxford University, DApps, BitOcean ICO & More

    Posted: 26 Feb 2018 07:39 AM PST

    TL;DR:

    • Officially announced a partnership with BMW Group
    • Officially announced a partnership with the Mathematical Institute at University of Oxford
    • Officially announced the first ICO with BitOcean ATM Exchanges
    • Officially working on a Carbon Bank solution to improve carbon reduction alongside DNV GL, Universities, and Governments
    • DNV GL's CEO of Business Assurance to announce a food sourcing solution next week at conference in Tokyo
    • Introduced three DApps - VeVID, VeVOT, VeSCC
    • 80+ employees over four locations and growing: Shanghai, Singapore, Paris, Tokyo
    • New website www.vechain.org

    Full event video: https://www.youtube.com/watch?v=vfAEir7uT_g

    Timecodes:

    • 09:43 - 11:08 - VeChain Thor Intro video.
    • 11:43 - 13:29 - History of VeChain and the rebranding process
    • 13:30 - 14:13 - Community related growth
    • 14:14 - 16:48 - Blockchain history
    • 16:48 - 17:20 - Core beliefs of VeChain
    • 17:35 - 25:45 - Governance model & Economic model
    • 25:04 - 25:45 - VeVID VeVOT VeSCC
    • 25:45 - 26:19 - Bitocean ICO
    • 26:20 - 27:44 - Carbon Bank alongside DNV GL, Tsinghua University, and government agencies
    • 27:45 - 28:52 - Introducing Oxford Mathematical Institute as a partner
    • 28:53 - 34:37 - DNV GL Business Assurance, CEO Luca Crisciotti
    • 34:38 - 36:30 - Elton Huang, leading partner of PwC and the uplifting of the THOR hammer. New website vechain.org.
    • 36:31 - 37:25 - BMW Group announcement + End *

    Today, VeChain Foundation hosted the rebrand event showcasing the consortium chain VeChain to the public blockchain VeChainThor. This event was an invite-only occasion for media and partners with a live stream to YouTube. During the event, Sunny Lu and Luca Crisciotti of DNV GL talked about the past, present, and future of VeChain.

    Sunny clarified that VeChain's uniqueness is not only technical but also its understanding of ecosystems. He pointed to the governance and economic models as examples. This sentiment was echoed by Luca as he assured everyone that after meeting with countless blockchain solution representatives he chose VeChain as the partner for DNV GL because of their understanding and dedication to the customer.

    This mindset has lead to over 180 opportunities for VeChain in 2018. Many of these opportunities are left unannounced, but in the course of the event, VeChain announced several new partners and opportunities including the University of Oxford Mathematical Institute, Carbon Bank solutions, BitOcean ICO, food sourcing, and BMW Group.

    Also in this event, Sunny Lu showcased three decentralized applications (DApps) that are being built to cater towards the mainnet launch. Those DApps include:

    • VeVID - KYC and digital ID maintenance solution that can be native to all VeChain applications or partners. You can read the official announcement here.

    • VeVOT - A voting service that will be initially used by the VeChain governance model. This solution will be available for other general voting events to be logged on the blockchain such as government voting and board votes. Voting results will be audited by independent partners and certified on the blockchain.

    • VeSCC - Smart contracts on the VeChainThor mainnet can be categorized into certified and uncertified, which can be checked in the explorer. The certification of smart contracts covers various aspects including the identity of the owner, the legality of the purpose, and the security of the source code.

    At the event, the carbon bank solution was made public to raise awareness that VeChain is building solutions alongside DNV GL that will monitor, analyze, and reduce the carbon footprint. This solution is being used and researched by universities (Tsinghua University), businesses, and government bodies.

    In this event Sunny Lu took the time to introduce the University of Oxford (Mathematical Institute) as a partner in the VeChain ecosystem and will be working on assuring the economic model is working as intended for VET holders, VeThor users, and new customers. It was also mentioned that Japanese FSA certified partner BitOcean would be the first ICO on VeChainThor.

    Luca Crisciotti left with words of encouragement of VeChain "We are not talking about pilot projects, we are talking about solutions that are working for real cases." Luca went on to say:"DNV GL is a company with over 150 years of history. And unfortunately, this is something we can not share, because you [VeChain] were only born a few months ago. But we do have something in common, and it's a bright future. So thank you Sunny for the partnership and this amazing event."

    submitted by /u/VeChain-Foundation
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    Huge news on Stellar! Support for private transactions coming, Stellar in talks with Central banks, 14 banks in IBM interbank transfer pilot & more!

    Posted: 26 Feb 2018 03:36 PM PST

    Source: https://www.lumenauts.com/blog/transcript-of-stellar-s-meetup-with-gopax-and-mobius

    TL;DR:

    • Stellar to support private transfers.

    • Stellar hired a team in NY to develop the frontend for the SDEX (Stellar Decentralised Exchange).

    • 14 Banks involved in Stellar/IBMs interbank transfer pilot.

    • Stellar talking to a few central banks about the possibility of issuing central-bank-backed digital currencies on the Stellar blockchain.

    • 20 Projects launching tokens on the Stellar blockchain in the first half of this year.

    • 2 Korean remittance partners and a Korean anchor coming!

    • More remittance company partnerships around the world are coming.

    submitted by /u/riverflop
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    What Ban? China's Crypto Exchanges Didn't Just Survive – They're Thriving!

    Posted: 27 Feb 2018 12:34 AM PST

    LitePay fails to launch

    Posted: 26 Feb 2018 08:50 PM PST

    IOTA with Daimler, Porsche, BASF and DHL at StartupAutobahn | Industry40

    Posted: 27 Feb 2018 03:56 AM PST

    50 Cent admits in bankruptcy document that he never actually owned any bitcoin

    Posted: 26 Feb 2018 03:49 PM PST

    Which are your most useful sites for tracking all crypto price, market cap charts, & forecasts / analysis ?

    Posted: 26 Feb 2018 11:32 PM PST

    I'm see so many new crypto price sites pop up that appear to offer the same features as coinmarketcap - simple crypto price tracker and a basic 7 day price chart.

    Which of these crypto market cap places do you actually use, and what features make it stand out? Which price tracker tools have helped you make profitable strategic trading decisions. I know that devs here in the community are trying to innovate and offer new sites with coin list filtering mechanisms, so I'm curious to hear what's available and what you like using.

    Are there any really useful sites that make it easy to compare all major coins and that have good price charts, or price forecasts & market analysis ?

    submitted by /u/Hercogamy
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    IOTA: Official Statement Regarding the MIT DCI Email Leaks

    Posted: 26 Feb 2018 01:04 PM PST

    Charlie Lee takes active interest in Nano - asks some pressing questions and gets them answered

    Posted: 26 Feb 2018 03:50 AM PST

    Daytrading 101.

    Posted: 27 Feb 2018 02:35 AM PST

    New website for finding, filtering and tracking airdrops

    Posted: 26 Feb 2018 05:40 PM PST

    Hello everyone, after doing a lot of airdrops and making lists of them for my friends i decided to build up on that. Create a tool that makes it easy to participate in a lot of Airdrops.

    I will update the website regularily with new Airdrops and infos about them. Featured Airdrops have 4 states: upcoming->active->finished->paid.

    You can also track which ones you have done and then filter through those properties. f.e. show all not-done active airdrops. or all paid done ones, etc.

    I am in early stage of development, a lot in mind to add, and would like any feedback!

    Link: https://worthyairdrops.com

    Greets

    submitted by /u/Linckus
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    When in doubt - Zoom out!

    Posted: 26 Feb 2018 05:22 PM PST

    Ambrosus Alpha: Gateway API and Developer Portal Launched!

    Posted: 26 Feb 2018 03:07 PM PST

    TKY (THEKEY) Updated FAQ - Q10 outlines partnerships with Alipay, Ant Financials, China Unicom, Ping’an Bank, China RE, Uniscom, Minsheng Bank

    Posted: 26 Feb 2018 09:32 AM PST

    Bluzelle Blockchain Database Partners with JD.com – Chinas Largest Retailer

    Posted: 27 Feb 2018 01:43 AM PST

    Steve Wozniak, The Co-Founder of Apple, Admits He Lost 7 Bitcoins To a Scammer

    Posted: 27 Feb 2018 04:11 AM PST

    Bounty0x Alpha just smashed 10k active Hunters

    Posted: 26 Feb 2018 12:00 PM PST

    Blockport – The next leading cryptocurrency exchange? (Including comparison with Ethos and Covesting)

    Posted: 26 Feb 2018 02:38 PM PST

    0X Project (ZRX) to get listed on Koinex(Binance of India) at 11:30 AM EST [Last week when they listed REQ prices went up 40% globally]

    Posted: 27 Feb 2018 01:51 AM PST

    Dubai is taking a step in the right direction towards the future in regards to crypto and the companies that conduct business with it. Can't wait until more zones follow suit. Will definitely make things easier for those looking to apply for licenses.

    Posted: 27 Feb 2018 12:11 AM PST

    Request Network Review: Undervalued or Over-hyped?

    Posted: 26 Feb 2018 01:27 PM PST

    ETH 20,000 Returned To Coindash - By The Same Address That Stole Them

    Posted: 26 Feb 2018 05:55 PM PST

    Moon Crypto Alert review of FintruX - Debt, the other backbone of the financial system

    Posted: 27 Feb 2018 12:37 AM PST

    The other backbone of the financial system While ivyKoin and its payments network are one part of the new financial revolution, there's another part that's equally as important.

    Debt.

    Whether we like it or not, debt is the backbone of the existing financial system. And even in a new world, a new financial system, the debt will play a major role.

    However, the current system of issuing debt and the new system doesn't mesh. The banks aren't going to give you a small business loan in BTC or ETH to help purchase capital equipment or to dip into a marketing budget to build your business.

    That's where your second crypto alert comes into play.

    FintruX is building a lending ecosystem where users can access unsecured peer-to-peer financing.

    It's like crowdfunding debt but through a cryptocurrency network. FintruX has a demo account available on its site fintrux.com that you can use to experience what the platform will be like as a borrower, lender or administrator.

    The difference between FintruX and any other kind of peer-to-peer lending platform is through its credit enhancement levels, which not only make it easier for borrowers to get unsecured loans but also provide safety for lenders helping to make lending more attractive and better rates to borrowers.

    It explains this through its "Four cascading levels of credit enhancement".

    These are:

    Over-collateralization acting as additional security; and if it fails to cover all losses arising from the same borrower, Third-party guarantors take care of the overflow losses from the above for the selected loans; and if it still fails, Cross-collateralization pool provides additional insurance; and if it still fails, Five (5)% of all FTX Tokens has been reserved to cover any losses incurred by lenders. The target market here is small business lending. That's going to be the primary focus for FintruX, to begin with. Much how ivyKoin has identified a sweet spot for its transactions, FintruX has identified the market opportunity here is the small business.

    Access to affordable credit to manage a small business is often critical to maintaining ongoing operation. Some businesses need access to credit to balance their debtors and creditors month to month.

    Without credit facilities, many small businesses do not survive. But the traditional system often requires extensive, and onerous, and expensive means to provide a small business with credit. This is usually because it's not economic for big financial institutions to afford our credit to potentially higher risk entities. So they charge through the teeth for it.

    It's why the likes of Amazon have recently started to get into small-business lending. More small businesses in operation, a more vibrant economy, and more people buy – you can see why Amazon's so interested in it!

    FintruX wants to hit this market with affordable unsecured credit by helping to manage credit and default risk for lenders while getting attractive rates for borrowers.

    It does this through its FintruX platform and by overlaying its enhanced credit technology.

    It gives a clearer picture of the borrower – from KYC/AML info to credit history, scoring and models, reputations ratings and their cascading credit enhancements.

    And for the lender they too get reputation rankings, can create significant income streams from lending to more transparent borrowers and get a level of safety through the no-dispute smart contracts that govern the financing.

    submitted by /u/minksy123
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    Goldman-Backed Circle Acquires Cryptocurrency Exchange Poloniex

    Posted: 26 Feb 2018 07:05 AM PST

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