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    Wednesday, March 14, 2018

    Cryptocurrency Daily General Discussion - March 14, 2018

    Cryptocurrency Daily General Discussion - March 14, 2018


    Daily General Discussion - March 14, 2018

    Posted: 13 Mar 2018 11:12 PM PDT

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


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    submitted by /u/AutoModerator
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    V e C h a i n - Technical AMA — Business Questions Part 1

    Posted: 13 Mar 2018 05:42 PM PDT

    Coinbase gets e-money license in the UK, will add Faster Payments to speed up fiat deposits

    Posted: 14 Mar 2018 12:38 AM PDT

    DigiPulse co-founder talks about his life, Latvia and the project.

    Posted: 13 Mar 2018 07:23 PM PDT

    New Coinbase Tax Calculator

    Posted: 13 Mar 2018 01:37 PM PDT

    Binance CEO bucks crypto corruption and releases update directly to public through standard channels - Could this be a trend of price following honest and ethical communications?

    Posted: 14 Mar 2018 01:41 AM PDT

    Coinbase Receives E-Money License from UK Financial Regulator

    Posted: 13 Mar 2018 10:35 PM PDT

    Binance Will Launch a Decentralized Exchange

    Posted: 13 Mar 2018 11:34 AM PDT

    Binance Chain!

    Posted: 13 Mar 2018 06:47 AM PDT

    Why is Binance not on Google? Its's an opportunity for scammers now.

    Posted: 13 Mar 2018 11:14 PM PDT

    I've tried searching Binance on Google from multiple countries and the homepage is not indexed in search results anywhere. There is support.binance urls available but not Binance.com Homepage.

    Their Robots.txt file looks fine. Binance homepage is on AngularJS, probably what could be the reason. I'm not sure. Or, is it Google has deindexed Binance for any reason?

    Anyways, Just wanted to bring into notice that scammers can use this opportunity to place fake Binance on Google with ads. Anyone can just place an ad for fakes, like special character Binance domain, and users trying to get to Binance through Google gets trapped.

    Do share you thoughts? If its so, we should let Binance know. @Binance #GetBinanceOnGoogle

    submitted by /u/Cryptodit
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    Verge's Twitter account has been hacked

    Posted: 13 Mar 2018 03:01 PM PDT

    Turnitin-style, publicly available, machine learning tool for ICO due diligence

    Posted: 14 Mar 2018 01:12 AM PDT

    Google to ban all crypto related ads starting in June

    Posted: 13 Mar 2018 09:37 PM PDT

    If you invested $100 on this day last year

    Posted: 13 Mar 2018 05:43 PM PDT

    If you invested $100 on this day last year/all time high/all time low since the high.

    I decided to outline some numbers while there's a lot of noise stating 'no way coins will go up 10x like last year' or 'bitcoin is down to $10,000 from $20,000 or my absolute favorite 'that coin is dead'

    VERTCOIN: 3/13/17: .03 3/13/18: $2.50 $100: 3333 coins =$8332 ATH: $35,096 (351x) ATL: $5999 (61x)

    LITECOIN: 3/13/17: $3.85 3/13/18: $175 $100: 25.97 coins = $4544 ATH: $9738 (97x) ATL: $2726 (27x)

    RIPPLE: 3/13/17: 0.006 3/13/18: .75 $100: 16,666 coins = $12,499 ATH: $63,997 (640x) ATL: $9666 (96x)

    SIA: 3/13/17: 0.0003 3/13/18: 0.013 $100: 333,333 coins = $4666 ATH: $36,999 (370x) ATL: $4666 (43x)

    BITCOIN: 3/13/17: $1221 3/13/18 $9100 $100: 0.081 coin = $737 ATH: $1620 (16x) ATL: $489 (4.9x)

    NEO: 3/13/17: $0.14 3/13/18: $83 $100: 714 coins = $59,262 ATH: $139,944 (1242x) ATL: $54,085 (541x)

    DIGIBYTE: 3/13/17: 0.0002 3/13/18: 0.026 $100: 500,000 coins = $13,000 ATH: $71,000 (710x) ATL: $10,500 (105x)

    I will include in comments a 2018 price prediction. While it seems unrealistic to some, its conservative to others. You can decide for yourself.

    2018 predictions from ATH:

    BTC 4x-10x LTC 4x-11x NEO 5x-25x Ripple 2x-2.6x SIA: 10x Digibyte: 14.25x Vertcoin: 10x -25x

    Disclosure: I'm not a financial advisor and this is not financial advice. I own most of these coins.

    submitted by /u/Kayjay4
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    Gemini Announces Self-Regulatory Organization, CFTC Chairman Praises Initiative

    Posted: 14 Mar 2018 01:11 AM PDT

    “THE NOOBENING” – Did the cryptocurrency community really change in the recent bull-run?

    Posted: 13 Mar 2018 04:32 PM PDT

    If you don't want to read this wall of text and just want to see the results, the Infographic/Graph Comparison Is Here


    INTRODUCTION

    Back in January, I heard much of the community complaining about the influx of noobs and how the cryptocurrency community has changed for the worse. I wanted to answer this question. Has the community changed? And how has it changed? Fortunately, I could answer this question quite easily. Simply repeat the Reddit cryptocurrency survey I did in October 2017 and when sharing the results, put an emphasis on comparing what has changed rather than the subreddit vs subreddit comparison I did last time.


    PURPOSE

    While the main purpose of these surveys is to track changes in the reddit cryptocurrency community over the next few years, I have a specific question I wanted to answer with this most recent survey:

    Has the community changed over the last few months and is the community perception that the community has changed for the worse correct?

    The responses in the survey to the question "How do you think the reddit cryptocurrency community has changed in the last 3 months?" clearly showed that there was a general perception that the community has more noobs, more shilling and less rationality.

    All of responses to this question can be seen here: https://pastebin.com/xLhfthkS (Not all the responses were serious ones)


    I will break down the results summary into 3 parts before coming to the conclusion: 1. What's Changed 2. Possible Changes* 3. Interesting Statistics

    *Please note that the "possible changes" may be a result of sampling error rather than actual changes in the community and so these perceived changes should be taken with a grain of salt.


    What's Changed: The proportion of cryptocurrency subreddit users who are aged 25 or under has increased from 33.2% to 43.7%.

    The proportion of cryptocurrency subreddit users who found out about crypto from a friend is up from 20% to almost 29% between October 2017 to January 2018.

    Less cryptocurrency subreddit users are into crypto for ideological reasons in 2018 than in 2017. The number of people in crypto for ideology dropping from 82% to 75%.

    The proportion of cryptocurrency subreddit users who have invested 91-100% of their money into crypto has surprisingly dropped significantly from 18% to just 11% while the number of people who have invested less than 10% of their money has risen from 22% to 29%. It is also interesting to note that the number of people who didn't want to share this information has dropped from 32 participants to 20, backing up the earlier conclusion that cryptocurrency subreddit users are less interested in crypto ideology such as anonymity.

    The proportion of cryptocurrency subreddit users who own alt coins outside the top 10 coins by market cap (at the time of each respective poll) has risen from 61% owning such alt coins to as much as 75%.

    The proportion of cryptocurrency subreddit users with alt coins outside the top 10 making up over 20% of their portfolio has risen from just 22% to 44%. It is very evident that alt coins have become much more popular.


    Possible Changes: There is a greater proportion of females in the space. Females now make up 7% of cryptocurrency subreddit users, up from 4.5%.

    Less people consider themselves traders and more people are HODLers. 75% of cryptocurrency subreddit users consider themselves HODLers, up from 70%.

    A smaller proportion of cryptocurrency subreddit users have invested in an ICO before, down from 27% who have invested to 22%.

    While there has been a significant shift in the results with significantly more cryptocurrency subreddit users now being from North America and less from Europe and Asia than before, I believe that this is down to error from the method of sampling involving making posts in the daily discussion of relevant subreddits, leading to people from different timezones being more likely to see the post in peak times than others. I did however try to reduce this error by posting at approximately the same time for each survey.


    Interesting Statistics Over 90% of cryptocurrency subreddit users are male. (Some users even identify as attack helicopters)

    83% of cryptocurrency subreddit users live in either the USA or Europe.

    80% of cryptocurrency subreddit users have a university degree (a college degree for any US readers) or are currently studying at university/college to get a degree.

    The most common way cryptocurrency subreddit users found out about crypto was by being told by a friend, so spread the word!

    25% of cryptocurrency subreddit users consider themselves crypto traders.

    24% of cryptocurrency subreddit users are not in crypto for any ideological reasons.

    Most cryptocurrency subreddit users consider it likely that they would mention cryptocurrencies to a friend.

    Approximately 50% of cryptocurrency subreddit users have some sort of prior experience in the stock market.

    Unsurprisingly, November and December 2017 were the biggest months of growth for crypto in 2017.

    When told to rate themselves on a scale of 0-10 on whether they are into crypto for the money or for the tech (0 being only money and 10 being only tech), users tend to be in crypto more for the money than the tech. However, this is only a very slight tendency.

    Two thirds of cryptocurrency subreddit users have deposited an initial investment (not current value) in crypto valued somewhere between $501 and $20,000.

    45% of cryptocurrency subreddit users have invested less than 30% of their savings into crypto. I think this is alarmingly low. However, it is possible that many people have mis-interpreted the question as how much of their current savings is in crypto rather than their initial investment. Still, I'd like to remind you all of the importance of only investing what you can afford to lose.

    As of January 21st 2018 (as with all of these stats), over 80% of cryptocurrency subreddit users have made a profit from their crypto investments.

    The average cryptocurrency subreddit user rates their knowledge of blockchain tech at a 6 or 7 out of 10 (10 being a comprehensive understanding).

    Over 55% of cryptocurrency subreddit users say they have read a whitepaper the whole way through.

    Bonus graph: Do you have a favourable opinion of Tether?


    Conclusion

    As previously mentioned, around new year through til February, some of the community was showing a growing dislike towards perceived changes in the community with many people complaining about the influx of noobs who came for the money and nothing else.

    Are these complaints justified?

    YesKind of.

    This survey has shown that a large portion of the community is new and has joined since November 2017, with about 20% of the community comprising of people who have joined between November 2017 and January 21st 2018. It is also evident that the community values the ideology behind crypto less than it did just 3 months prior with the number of people not in crypto for ideology rising from 17% to 24%.

    So, given this trend, we know one of two things: * The community as a whole is less bothered about the tech and ideology during bull runs due to the influx of new people. or * The community as a whole becomes less bothered about the tech and ideology over time due to the technology slowly becoming more mainstream.

    It could also be a combination of the two above points. However, I cannot tell until I complete the next survey which will be in April. For the sake of the survey, April will hopefully be another months of slow growth or sideways movement. This way, we can see if the "noobs" who the community seem to suggest came from the bullrun leave the community, or if they stick around/are replaced by other new community members. Depending on the results, we will be able to tell if the community is merely less bothered about blockchain tech and ideology during bullruns or if this is a long term trend where the community slowly become less interested in these things over time.

    So why did I respond with "Yes – Kind of"? Because we need to be welcoming if we want to grow as a community, so we shouldn't be complaining about them. We were all new once and why would any newcomer want to stick around in a toxic community? Even if the community isn't what you want it to be anymore, it will change over time whether you want it to or not as cryptocurrencies can't be a new and novel technology with insane price volatility forever.


    That's it! I will be taking this survey again 3 months after I shared the form for this one (January 21st) So keep an eye out in the daily discussion threads in r/Cryptocurrency, r/ETHTrader, r/Bitcoin and r/BitcoinMarkets around the 20th of April if you want to take part in the next survey! My aim is to keep track of the changes in this community over the next few years with this quarterly survey so that we can see how the community changes over time.

    A big thank you to everyone who participated! Especially the 75 of you who filled in both of my surveys! <3 I should be back in about a month looking for responses for the third survey, so keep your eyes on the daily discussions in r/CryptoCurrency, r/ETHTrader, r/Bitcoin and r/BitcoinMarkets!

    If you want more, you can see the previous survey where I did a subreddit vs subreddit comparison here.

    I'd like to finish with the words of one of the survey participants.

    [The community is] Actively trying to kill rival Cryptocurrencies to the point that it is greatly hurting the perception of the market. We need to be united, even with coins we don't personally like.


    Links

    Raw spreadsheet data

    Response form (this is the default google forms summary)

    Previous survey


    TL;DR:

    The community has changed during the recent bullrun, but it seems as though people are exaggerating the problem and we need to be a welcoming community, not one which points the finger and any newcomers for "ruining the community".


    Donations

    This post took me over 20 hours of work to make so any donations are greatly appreciated, but don't feel obliged!

    Bitcoin: 3N8gWGeJnu7z4fro4WsFpvPscbFQe17RUD

    Ether/ERC20: 0x4EE0463376B17dABbf819f963E06f6B393bE55De

    PM for other coin wallets


    submitted by /u/Tricky_Troll
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    Winklevoss twins propose self-regulatory body for cryptocurrency industry!

    Posted: 13 Mar 2018 11:26 AM PDT

    Good news for those of us in the USA. Wyoming just passed a bill creating a new asset class for crypto, defining them as "utility tokens"

    Posted: 13 Mar 2018 01:34 PM PDT

    RIP EOS - John Oliver dissects this scam which has raised over 1.5 Bn USD already and is still raising funds in a "year long ICO"....

    Posted: 13 Mar 2018 06:06 AM PDT

    15 month long uptrend vs. 3 month long downtrend, which will win?

    Posted: 13 Mar 2018 06:41 AM PDT

    Google to ban ads on cryptocurrencies, related products

    Posted: 14 Mar 2018 12:01 AM PDT

    VeChain: Partnership with supply chain risk management platform Logsafer

    Posted: 13 Mar 2018 05:00 AM PDT

    VeChain announcement: https://twitter.com/vechainofficial/status/973521505509191680

    https://medium.com/@vechainofficial/vechain-and-yunkean-logsafer-a-leading-supply-chain-risk-management-platform-enter-into-47cc11694674


    Logsafer article: http://logsafer.net/hbbriskinfo/listHbbRiskinfoDet.html?riskid=261

    (If any native Mandarin speakers can do a proper translation, that would be amazing)


    Note: Go on baidu and search for "货保宝" for more information


    VeChain and YunKeAn (LogSafer) a leading supply chain risk management platform enter into partnership to develop blockchain solutions for logistic insurance industry, a ~ $50billion global market

    On March 13, 2018, VeChain entered into a partnership with LogSafer, a leading supply chain risk management and a major logistics insurance platform in China with over 2,500 corporate clients. In the agreement, the two parties will work together to integrate big data and Internet of Things technology into existing and future solutions. The combination of VeChain's proprietary IoT sensors and the VeChainThor blockchain applied intelligently to the supply chain risk management industry will assist in revolutionizing insurance and value protection services for shipping, logistics and trading companies of every size. The logistic insurance market is estimated by Grand View Research to be approximately $50 billion globally.

    edit: Google translated version removed since Medium article uploaded.


    edit2: Thinking about this...

    Remember this? If you zoom in, you'll see VeChain Intelligent Temperature Control Display System on the monitor https://twitter.com/DNVGL/status/970852759615475713

    I believe that VeChainThor cold-chain technology is already beyond the proof of concept stage. It is already a working product, being showcased and sold at international trade shows. How is this relevant to this partnership?

    See the following articles for information about Supply Chain and Insurance http://www.rmmagazine.com/2014/11/12/protecting-shipments-with-supply-chain-insurance/ http://www.aimuedu.org/aimupapers/Cold_Chain_Loss_Control_in_the_Supply_Chain.pdf https://www.sdcexec.com/warehousing/article/11430686/the-role-of-insurance-is-global-supply-chain-risk-management

    From the Medium article

    Example: A fish farmer sends a cargo of fish from Japan to California, and buys an insurance policy from our partner LogSafer to cover this cargo of fish. Something happened enroute and the data grabbed from the VeChain sensors strategically placed within the fish cargo had indicated a certain high temperature reached and an extensive exposure period, a condition which is impossible for the fish to stay fresh. VeChain sensors retrieve that data, and upload that data on chain, and the state of the data triggers a smart contract execution, then the client automatically files a claim and receives a payout by the insurance company.

    The VeChainThor cold chain solution combined with big data analysis and real-time feedback is going to be truly disruptive in the exponentially growing industry that is supply chain insurance. Any international supply-chain insurance company working with enterprises would be foolish not to adopt a blockchain/IoT solution in the coming years. The cost savings and increased efficiencies will change the industry. The strategic partnership with DNV-GL makes VeChainThor the de factor market leader in this field.

    submitted by /u/enozym111
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    The Washington Post is now a Brave/BAT verified publisher (accepting BAT contributions)

    Posted: 14 Mar 2018 03:13 AM PDT

    THEKEY (TKY) Ceo Catherine LI in Harbin to discuss the work plan of 2018 with the Social Security Bureau of Heilongjiang Forest Administration

    Posted: 13 Mar 2018 10:41 PM PDT

    IBM Plans for Blockchain World Domination: Reveals $4 Trillion Market Opportunity, 400 Blockchain Projects, AI Integration

    Posted: 13 Mar 2018 06:34 PM PDT

    So my mom just watched John Oliver's crypto episode...

    Posted: 13 Mar 2018 10:36 PM PDT

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