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    Cryptocurrency Weekly Skeptics Discussion - March 4, 2018

    Cryptocurrency Weekly Skeptics Discussion - March 4, 2018


    Weekly Skeptics Discussion - March 4, 2018

    Posted: 03 Mar 2018 10:13 PM PST

    Welcome to the Weekly Skeptics Discussion thread. The goal of this thread is to promote critical discussion by challenging conventional beliefs and bring people out of their comfort zones. It will be posted every Sunday and prioritized over the Daily General Discussion thread.


    Guidelines:

    • Share any uncertainties, shortcomings, concerns, etc you have about crypto related projects.
    • Refer topics such as price, gossip, events, etc to the Daily General Discussion thread.
    • Please report promotional top-level comments or shilling.
    • Consider changing your comment sorting around to find more criticial discussion. Sorting by controversial might be a good choice.
    • Share links to any high-quality critical content posted in the past week which was downvoted into obscurity. Try searching through the Skepticism search listing to find this kind of content.

    Rules:

    • All sub rules apply in this thread.
    • Discussion topics must be on topic, ie only related to critical discussion about cryptocurrency. Shilling or promotional top-level comments will be removed. For example, giving the current composition of your portfolio, asking for financial adivce, or stating you sold X coin for Y coin(shilling), will be removed.
    • Karma and age requirements are in effect here.

    Resources and Tools:

    • Click the RES subscribe button below if you would like to be notified when comments are posted.
    • Consider reading or contributing to r/CryptoWikis. r/CryptoWikis is the home subreddit for our CryptoWikis project. The objective is to give equal voice to pro and con opinions on all coins, businesses, etc involved with cryptocurrency.
    • If you're looking for the Daily General Discussion thread, click here and select the latest item in the search listing.

    Thank you in advance for your participation.

    submitted by /u/AutoModerator
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    Daily General Discussion - March 4, 2018

    Posted: 03 Mar 2018 10:13 PM PST

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


    Disclaimer:

    Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and excercise utmost caution before acting on any trade tip mentioned here.

    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.
    • Breaking news should be posted separately from this thread.

    Rules:

    • All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
    • Discussion topics must be related to cryptocurrency.
    • Comments will be sorted by newest first.

    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.
    • Consider checking out our Weekly Skeptics Thread for discussion focused solely on critical analysis. Click here and select the latest thread on the search listing.


    Thank you in advance for your participation. Enjoy!

    submitted by /u/AutoModerator
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    Hard Truths I wish people told me when I started in December, 2017

    Posted: 03 Mar 2018 10:08 PM PST

    Ok fellas, with the bull market coming up in the next couple weeks or months I want to give some advice. Like the title reads these are some hard truths, so I expect to be downvoted because I will be shitting on peoples favorite coins. When I first started crypto in December I wish someone sat me down and told me these things. I was on reddit the first time I bought into crypto but it wasn't much help because people were shilling coins already at the top. Unfortunately reddit is an echo chamber and people choose to listen to stuff that gives them validation. Also, there are people who are either ignorant or disingenuous about advice they're giving.

    1. Ripple will never reach $100 and that is 100%. It will need a market cap alone of over $1 trillion, and that is more then double the entire crypto market cap. Looking at the ripple subreddit saddens me, because the mental olympics these guys go through to justify it hitting $100 is absurd. I wish it can hit $100 that would be awesome for ripple holders, but it's just not feasible. Will ripple rise? Of course it will. It was the first coin I bought and many others first coin as well.

    2. Again, back to market cap. Look at market cap not dollar price when looking for investments. Stellar for example is 30 cents but is the 8th most expensive coin. For it to double it will need another $6.5b. I like stellar and what they're doing not saying its a bad coin, but look at it like this. It was 1 cent in July, 2017. It peaked around 80 cents in January. That is a 80x for people who bought in July. Currently, stellar sits at 30 cents. If you buy in now, if it goes to 60 cents you get a 2x well the people who got in july get a 30x. STOP buying peoples tops, let the new noobs that come into crypto buy YOUR tops. You have to understand a lot of these guys that shill these high marketcap coins either got in really early, or are the suckers who bought the tops without realizing it.

    3. Crypto is a zero sum game. People have to be selling lows and buying highs to make others money. Everyone made money in 2017, because the marketcap of entire crypto did a 42x. It went from 20b-850b. You must understand that this was the most insane bull run in history. Most bubbles do a 5x in 5 years and people call it a crazy bull run. My point with all this is this run made a lot of people think they are geniuses. Don't take peoples advice just based on the fact they made good money and were in crypto for a year. A dead squirrel could've turned $1k into $100k+ last year.

    4. Don't follow the hive mentality of HODL. Yes, you can't predict the exact tops or the exact bottoms. Which is why you must take profit gradually. Set targets and when you reach that target pull some money. I'm not saying cash out to fiat, but atleast move that profit into a coin you been wanting to buy that may not have pumped yet. Keep in mind the market always going in cycles and corrects. If you HODL for a year, yes you will make money but it will be significantly less then if you just take profit gradually and use that money to buy the dips. You can't predict if it will dip tomorrow, next week, or next month, but rest assured it WILL dip.

    5. Make accounts on multiple exchanges. Kucoin, cryptopia, idex, ect. A lot of people just sit on a binance account. If you want good entry points binance already pumps coins to 2-5x their value the second they're listed. Idex is one of the best opportunities to get good entry points. Coins will be listed here immediately after most ICO's operating on the ethereum platform.

    6. My biggest learning resource for investments has been following crypto twitter accounts. Guys who have been in this space for years. Anyone can talk and seem knowledgeable, but who actually has the stats to back them up? I went through hundreds of twitter profiles and looked at peoples coin calls from months back. I looked at their success rates and put value on their calls based on that. (For example, one guy called WTC at 35 cents, XRB at 10 cents, and many other winners, I value his opinion the most.) I began noticing patterns in the way these guys call coins. The most successful guys with highest success rates usually call the same coin. I began picking up on their habits and the resources they use, and soon I was buying coins before they even mention them. Also, you want the best entry points crypto moves fast. Reddit I've noticed is weeks behind on calls from twitter.

    7. You have to also look at satoshis when your checking if you made money investing into other coins, rather than just holding bitcoin. Your dollar value will increase if bitcoin rises, but if its going down in bitcoin value you were better off just holding bitcoin.

    8. Research, research and research. Seriously, put the time in. Learn what it is your buying. Crypto is not just vaporware their is underlying value in these projects. Read the whitepapers, look at the teams, and become immersed in the community.

    This advice isn't for the person who just wants to put money into a coin and come back next year with 3-10x their money. You can buy nano, neo, ect and I'm sure you'll be satisfied if that's what your aiming for. This advice is for guys like me who want to make life changing returns and are willing to put the time in.

    One thing I can always tell you is always be curious. Don't think you know it all. I been in crypto for 45 days and have been reading and reading almost 5+ hours a day, and I'm still learning. Don't be the sucker buying peoples tops making them rich, in hopes of possibly doubling in a month. This market is too rewarding and this opportunity may never come again. Take advantage of it. I am not writing this for karma or whatever. I genuinely wish everyone can reach their goals and fulfill their dreams. It really hurts me when I see the mass of bad information going around and people being mislead.

    I have been commenting on reddit a lot and people keep private messaging me what to buy, and I'm sure it will happen again after this post. So, here is my portfolio in no specific order for those curious. But please do your own research.

    1. Sharder (SS)
    2. Origin Trail (Trac)
    3. Sophiatx (Sphtx)
    4. Bottos (BTO)
    5. Data (DTA)
    6. CargoX (CXO)
    7. carvertical (CV)
    8. Restart Energy MWAT (MWAT)
    9. Tomocoin (TOMO)
    10. Elastos (ELA)
    11. Wepower (WPR)
    12. Matrix AI network (MAN)

    I fully expect to be downvoted these aren't popular opinions but as long as I help out one person it was worth it. Good luck guys, hope you have a life changing year!

    Edit: Yes my portfolio is "special". It is really aggressive, which is why I say "do your own research".

    Another Edit: For people asking about twitter handles I don't think I'm allowed to post them. Just PM me ill tell you the person i mentioned in my post

    Final Edit: I am getting bombarded with PM's. Im trying my best to reply if I miss your message just pm me again after 24 hours, and repeat every 24 hours until I reply.

    submitted by /u/Crerilian
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    After months Germany has a government again. "Blockchain" is mentioned 6 times in the government program. Germany as the unofficial leader of the EU will lead the technology into a bright future.

    Posted: 04 Mar 2018 12:52 AM PST

    Ripple's CEO will join Coinbase's President on the first ever CNBC Fast Money "Goes Crypto" - Tuesday, 5:00PM ET

    Posted: 03 Mar 2018 02:51 PM PST

    The twitter scammer bots are getting smarter.

    Posted: 04 Mar 2018 02:30 AM PST

    Compilation of all my cryptocurrency analyses so far

    Posted: 03 Mar 2018 11:01 PM PST

    I started a blog last year because I noticed there was a lack of thoughtful cryptocurrency articles - many articles were click baity with little substance. This blog is supposed to fill the need for more in depth and careful fundamental analyses. Everything is meticulously researched - every article took several days to research and write.

    Here's a list of cryptocurrency analysis articles we have done so far:

    The last time I asked /r/cryptocurrency on what cryptocurrency my team and I should analyse next, the subreddit voted for RaiBlocks. Which cryptocurrency should the team analyse next? https://www.strawpoll.me/15196507

    submitted by /u/notlikethis1994
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    I asked in SysCoin subreddit why their "source" downloads are empty .zip files with only a readme. They shadow-removed my post without notice.

    Posted: 03 Mar 2018 07:30 PM PST

    https://np.reddit.com/r/SysCoin/comments/81siff/why_are_the_source_code_downloads_empty/

    Above is the submission in question.

    Original text:

    Both versions:

    https://github.com/syscoin/blockmarket-desktop-public/releases/tag/1.1.3

    https://github.com/syscoin/blockmarket-desktop-public/releases/tag/1.2

    They list "source code" in .zip or .tar.gz file types, but all four of these links only contain a readme file and nothing else.

    I need to install a syscoin wallet on linux. How can this be done with no source files? Are there official releases anywhere else? The main syscoin site links these pages for "source code", so I assume there isn't another option?

    What is the explanation for having empty source archives?

    submitted by /u/-0-O-
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    Superb OriginTrail review - 5 key points

    Posted: 03 Mar 2018 11:52 PM PST

    Government agencies trying to pull old tricks on us: Former NSA Official: North Korea uses Cryptocurrencies to Fund Their Nuclear Program. Awfully similar to "we will listen in and watch over everything you do in fight against terrorism"

    Posted: 03 Mar 2018 05:42 PM PST

    All the shit we had to put up with from Coinbase is coming back to bite them! Another (SECOND) Class Action Lawsuit for "unfair business practices"

    Posted: 03 Mar 2018 07:33 PM PST

    It's getting hard to keep track of all these forks

    Posted: 03 Mar 2018 09:47 PM PST

    If you ever feel insecure about crypto because someone famous has something bad to say about it take a look at these quotes. One example from Bill Gates : "We will never have a 32-bit operating system"

    Posted: 03 Mar 2018 09:40 AM PST

    What is Stellar Lumens (XLM)? A complete analysis of the coin

    Posted: 03 Mar 2018 03:54 PM PST

    HST is set for a very big year

    Posted: 03 Mar 2018 07:32 PM PST

    Adam Jacoby of MiVote (which uses HST) recently announced that with current contracts and discussions, we could see 50 million votes using MiVote/HST in 2018.

    Assuming $0.50 per vote, that's $25 million. Average P/E ratio for S&P 500 companies is between 10-20 (higher during hype periods - up to 44 at the height of the dot com bubble). I'd argue the current landscape and with a bit of crypto hype/fever/bubble a P/E of 30 is reasonable. So that would value HS at $750 million with only that revenue, regardless of other deals such as WWF which HST has already announced they are in advanced talks with.

    Of course there are other factors that make up the price, such as the velocity of circulation. I see these factors as making my estimate above quite conservative.

    A $1,000,000,000 market cap is $30 per HST (with current supply, before burn). Current price is about $1.80

    If you have any questions or doubts I'd recommend joining the HST Telegram chat. The community is very engaged and there's always a friendly admin available to answer questions (other than when moon lambo?).

    submitted by /u/Rob3112
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    Bitcoin Dominance Rises Past 41.5%, What Does History Suggest Happens Next?

    Posted: 04 Mar 2018 01:44 AM PST

    Marshall Islands creates its own cryptocurrency to pay bills -- boasts it is the first country in the world to recognize a cryptocurrency as its legal tender

    Posted: 03 Mar 2018 04:33 PM PST

    Bitcoin was never about Money; it was about Trust...

    Posted: 03 Mar 2018 04:09 PM PST

    ARK & Blockport : Partnership Updates

    Posted: 03 Mar 2018 11:18 AM PST

    So the BitConnect promoters all thought they would just walk away with millions of dollars in Ponzi style accumulated dollars in their pockets, and actually get away with it repercussion free... boy were they fucking wrong A?

    Posted: 03 Mar 2018 04:59 AM PST

    I'd like to thank everyone in this sub-Reddit for helping me, and all the others who weren't letting these fucks get away with what may be the biggest cryptocurrency Ponzi scheme of all-time.

    All your up-votes, comments, and recognition kept these scammers front and center, exactly where they belonged. All of them, including Craig Grant, Trevon James, Ryan Hildreth, CryptoNick, and yes... even Carlos deserve to be punished for their actions.

    Most of them even continued to make videos as if nothing wrong happened, the audacity, and one of them, Craig Grant, was so vile, that he was even telling his minions who lost millions in the great scam that was BitConnect to keep buying BitConnect tokens... and I'm not fucking with you either!

    Craig Grant is actually still promoting BitConnectX, but thankfully, it would seem that there are not enough stupid people left "at this time" to scam, because the things a complete failure.

    Sorry Craig, maybe when you get out of the joint, they'll be another good scam waiting for you, and a whole new batch of stupid people in the world for you to pitch it to.

    Anyway, short story long, thanks again for helping to bring justice to these scammy fucks, by keeping their fuckeries alive and well for the world to see... now let's just let karma do its thang shall we!

    submitted by /u/DestroyerOfShitcoins
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    Now we know Vitalik's middle name

    Posted: 04 Mar 2018 03:39 AM PST

    I must reiterate THEKEYS's significance

    Posted: 04 Mar 2018 12:25 AM PST

    TKY is partnered with the peoples Republic of China among their other CLIENTS/partners, which include ANT FINANCIAL, Ping'an and UNICOM. A couple I have not mentioned.

    1) For Ant financial we help them to enter into hospitals, drug stores where IDV is needed for healthcare insurance agencies to make payment. We are also working with Ant financial, on laboratory level, to use data on improvement of personal credit products of each other.

    2) Ping'an as an insurance company is our client we provide them PII data for background check, claim processing as well as actuarial projection.

    3) Whilst Unicom on one hand they work with us as our vendor, help us on quick and quality deployment and management of our IDV products and on the other hand they also work with us by leveraging both data for personal credit evaluation. Of course, prior valid authorization of the user needs to be obtained each and every time when PII is used.

    TKY is using 3 resources to obtain data to create a MASSIVE ecosystem for their identification system.

    1.government ID data, 2. behavior data, 3. scene data.

    Government ID data are from several different government agencies, such as social insurance agencies, public security agencies, office of civil affairs, etc.

    Behavior data are normally from utility companies, financial institutions, like banks, insurance company, hospitals, drug stores, internet companies, etc.

    Scene data are normally from service providers. In addition to the above, we also have supporting database like ontology, knowledge base, fact base, medical insurance policy and regulation database, product database, etc.

    For the Peoples Republic of China to give THEYKEY data like this is fucking huge in my opinion.

    Also I have a question, do any of you TKY experts know what this means when they say TKY has a patent for: Entity recognition can identify 18 kinds of medical terminologies, such as disease, diagnosis, surgery, inspection, medicine and consumable material, etc. from structured or unstructured data. Based on the domestic and foreign standard system, the terminology standardization can realize the international classification and coding of five categories of terminology, including: disease, diagnosis, surgery, inspection, and medicine. Whilst the intelligent Question-Answer system can realize the Q&A as well as the retrieval of the semantic reasoning.

    submitted by /u/cryptothrice
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    IOTA smart contracts and smart meters coming?

    Posted: 03 Mar 2018 12:37 PM PST

    How come I never knew ELA had an Ad in Times Square. That must have cost a pretty penny.

    Posted: 03 Mar 2018 08:57 PM PST

    You Can Now Buy Cryptocurrencies in 1200 Kiosks Around Australia

    Posted: 03 Mar 2018 07:09 AM PST

    ARK Will Be Presenting At The University of Geneva

    Posted: 03 Mar 2018 11:11 AM PST

    Uzbekistan announces Cryptocurrencies legalization by mid 2018

    Posted: 03 Mar 2018 08:51 AM PST

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