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    Cryptocurrency Weekly Skeptics Discussion - March 11, 2018

    March 11, 2018

    Cryptocurrency Weekly Skeptics Discussion - March 11, 2018

    Weekly Skeptics Discussion - March 11, 2018

    Posted: 10 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.
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    • 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.
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    Thank you in advance for your participation.

    submitted by /u/AutoModerator
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    Daily General Discussion - March 11, 2018

    Posted: 10 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.
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    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.
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    • 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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    Diversify your holdings they said. It would make a difference they said.

    Posted: 10 Mar 2018 05:04 PM PST

    Another day, and down we go again.

    Posted: 11 Mar 2018 12:54 AM PST

    Binance is definitely setting professional standards for exchanges. Have to give credit where it’s due

    Posted: 11 Mar 2018 03:15 AM PDT

    Binance Hacker Bounty

    Posted: 11 Mar 2018 03:01 AM PDT

    It's all perspective

    Posted: 10 Mar 2018 04:27 PM PST

    Cryptomug - managed to squeeze 230 coins and tokens on the mug :)

    Posted: 10 Mar 2018 09:27 AM PST

    Binance Hacker Bounty Announced

    Posted: 11 Mar 2018 03:18 AM PDT

    To ensure a safe crypto community, we can't simply play defense. We need to actively prevent any instances of hacking before they occur, as well as follow through after-the-fact. Even though the hacking attempt against Binance on March 7th was not successful, it was clear it was a large-scale, organized effort. This needs to be addressed.

    Binance is offering a $250,000 USD equivalent bounty to anyone who supplies information that leads to the legal arrest of the hackers involved in the attempted hacking incident on Binance on March 7th, 2018.

    The first person to supply substantial information and evidence that leads to the legal arrest of the hackers, in any jurisdiction, will receive the equivalent of $250,000 USD in BNB. The exchange rate will be determined at time of transfer. Please supply detailed information to bounty@binance.com as well as to your local law enforcement agencies. If your local laws allow, you may remain anonymous. If multiple sources/segments of data are used to lead to the final legal arrests, the bounty may be split between sources. Binance reserves all rights to split the bounty amount, solely at our discretion. Furthermore, Binance has currently allocated the equivalent of $10,000,000 USD in crypto reserves for future bounty awards against any illegal hacking attempts on Binance. We have also invited other exchanges and crypto businesses to join our initiative. We welcome their participation at any time.

    Protecting your funds is and has always been our highest priority!

    We thank you for your support!

    submitted by /u/tofke83
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    This is insane. Now we know where all the 1080Tis went.

    Posted: 10 Mar 2018 06:35 PM PST

    Gladius Token(GLA) is now available on KuCoin

    Posted: 10 Mar 2018 01:36 PM PST

    Some Crypto LED desktop signs

    Posted: 10 Mar 2018 06:16 PM PST

    Current Situation...

    Posted: 11 Mar 2018 01:00 AM PST

    My efforts for mass adoption: I'm building a crypto to fiat point of sale app and payment platform. Supporting Nano, Stellar Lumens and Ripple payments to USD and AUD (initially). Your feedback is greatly appreciated.

    Posted: 11 Mar 2018 04:18 AM PDT

    I very much believe that cryptocurrencies will be adopted by the masses in the future however I also believe that a series of gradual transitions need to occur rather than a mass takeover. The majority of merchants are simply not ready or willing to accept cryptocurrencies as a form of payment. There are several reasons for this including obvious volatility issues, difficulty in liquidating crypto assets, ongoing changes to regulation, taxation issues and the general negative or uninformed perception of cryptocurrencies.

    In an ideal world we as consumers should be able to choose which currencies we trade with, while merchants should be able to receive the currencies that work for their businesses. The platform I'm building caters for currency agnostic transactions for point of sale using mobile apps (web based crypto-fiat payments will follow soon after). I believe this interim approach leads to several benefits:

    • Consumers can spend their crypto immediately without having to convert to fiat first. There are potential tax implications here.

    • Merchants don't need to worry about volatility, however they can still accept cryptocurrencies for the benefit of their customers.

    • There are no fees to be paid by merchants for payment processing.

    • Rewards (Liquidium Tokens) will be given to both merchants and consumers for using the services. This will incentivize both parties to spend crypto as spending leads to the earning of tokens.

    • Anybody with a bank account can be a merchant. This is to be used by individuals and businesses to facilitate crypto to fiat payments.

    So far the platform can accept Nano, Ripple, Stellar Lumens and soon, Liquidium (LQM). Liquidium is a token based on the Stellar network. These tokens will be used for transactions and rewards and since it's based on Stellar, all transactions are quick to settle.

    I understand there are many projects focusing on crypto payments but it seems like most projects that started as ICOs are focusing on pushing their own token / coin rather than enabling crypto payments for all cryptocurrencies suitable for cheap and timely transactions.

    To prove I'm not full of shit, here is a brief demo of the app actually working (functionality and design subject to change between now and the release). We currently have a few businesses testing the system in the real world. Open beta testing invites will take place soon.

    Any input is much appreciated. This will be released soon and I'd like to appeal to as wide an audience as possible.

    I have set up a subreddit /r/liquidium if you'd like to keep track of the project or ask questions. We'll be looking for early adopters in the near future.

    Edit: formatting

    submitted by /u/kramflam
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    Bank of China Admits Crypto Will Inevitably Take Over Fiat

    Posted: 10 Mar 2018 08:49 AM PST

    Bad news everyone. Just came from a crypto conference, turns out that crypto IS just a fad (photo album)

    Posted: 10 Mar 2018 01:05 PM PST

    Jibrel Network announces strategic partnership with the SEED Group: 250M USD to be tokenized

    Posted: 11 Mar 2018 01:44 AM PST

    Cryptopia exchange sponsors a drift team [Photo]

    Posted: 10 Mar 2018 11:08 PM PST

    Can people stop with that clickbait sh*t?

    Posted: 10 Mar 2018 03:13 PM PST

    I am not the first one to say it, but this subreddit is overloaded with misleading clickbait posts:

    "Bank of America admits crypto is a threat"

    "Bank of China Admits Crypto Will Inevitably Take Over Fiat"

    and many more (like every 2 days a new crappy title like that)

    Stop spreading bs just for the purpose of farming karma and trying to hit the frontpage. For everyone else, please read the articles before liking them or at least read the comments. Usually there is at least one reasonable user who explains why the title is misleading (if it is). Sorry for my rant, but I felt it was necessary to say this.

    submitted by /u/Eric_Ericsson
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    This sub when a dip hits

    Posted: 10 Mar 2018 07:41 AM PST

    Haters will say it’s photoshopped.

    Posted: 11 Mar 2018 03:30 AM PDT

    Tim Draper Bullish About Crypto: "Fiat Will Not Be Used In Five Years"

    Posted: 10 Mar 2018 06:56 PM PST

    A fat fingered EtherDelta bought a single PRL for a quarter of a million dollars.

    Posted: 11 Mar 2018 01:33 AM PST

    Gemini Exchange May Soon Offer Litecoin and Bitcoin Cash

    Posted: 10 Mar 2018 11:17 PM PST

    Forbes contributor writes ludicrous article claiming we need to shut down all permissionless cryptocurrencies

    Posted: 10 Mar 2018 10:52 PM PST

    Yep; for $3,600, you can now have a home heater that mines cryptocurrencies

    Posted: 11 Mar 2018 01:21 AM PST
    Read more
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