Cryptocurrency Weekly Skeptics Discussion - March 25, 2018 |
- Weekly Skeptics Discussion - March 25, 2018
- U.S. CONGRESS QUIETLY PASS CLOUD ACT TO INCREASE GOVERNMENT ACCESS TO ONLINE INFO
- This Verge clownshow is humiliating to me as a cryptocurrency holder and seems like an obvious argument for SEC regulation
- Last night I accepted bitcoin for beer!
- Many popular cryptocurrency wallets completely expose your private keys in memory. This is a video demonstration of how easy it is to steal them, featuring Exodus and Neon Wallet.
- Oyster Protocol on the IOTA Tangle & Shell Airdrop (April 6)
- Not Everything You Don't Like is a Scam
- Ancient Romans On Cryptocurrency Investing
- IBM: We already use Stellar Lumens live, much more in Q2 2018
- Enjin Coin's Partnership With Unity Will Get Them in Front of 4.3 million Game Developers.
- Daily General Discussion - March 25, 2018
- Upcoming Airdrop snapshot / mainnet for PRL oyster
- Chinese Investors still invest in ICOs despite ban- When has banning anything really stopped it from happening? ��
- Enjin Coin integrated into Minecraft
- Video: Mark Cuban Is Buying Bitcoin | March 9, 2018
- Hello /r/CryptoCurrency, this is Jared & Derek from the Digital Assets Coalition of America. We are a national group of lobbyists and crypto lovers fighting to instate like-kind transactions and lower capital gains. Join us for our AMA this Sunday at 1PM est!
- We still get daily bull market predictions on the front page. We've been in a bear market for 2 months. To help everyone get real, I gathered a list of cognitive biases that cause these false predictions and ruin your mood and explained them using examples.
- Telegrams ico is not good for cryptocurrency because they are only allowing accredited investors to buy cheap which means public will get them at higher rate once listed on exchange
- Stellar Lumens Chosen By Kin Foundation As The Ideal Platform
- End of Q1 is close! So many project events. What ones do you know of?
- Jibrel (JNT) - Tokenizing assets for exchange on the blockchain
- Risk vs Reward
- The CLOUD Act Is a Disaster for Privacy and Advocates Are Pissed
- French Finance Minister Course Corrects, Now Bullish on Cryptocurrencies
- Traxia: The Very First ICO on Cardano (ADA) Just Launched
- Verge Developers ask for more money. Partnership announcement held to ransom.
| Weekly Skeptics Discussion - March 25, 2018 Posted: 24 Mar 2018 11:13 PM PDT 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:
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Thank you in advance for your participation. [link] [comments]  | ||
| U.S. CONGRESS QUIETLY PASS CLOUD ACT TO INCREASE GOVERNMENT ACCESS TO ONLINE INFO Posted: 24 Mar 2018 10:22 PM PDT
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| Posted: 24 Mar 2018 03:14 PM PDT I did a quick perusal of the Verge subreddit. JFC. people are actively speculating about partnerships with AMAZON or MICROSOFT. The sheer credulity of these people is insane. Apparently a major public company has agreed to somehow "partner" with an open source protocol and pointlessly open themselves up to god knows how many securities/fraud lawsuits. And apparently this company is somehow cool with an NDA-protected arrangement being ransomed on twitter for $3,000,000???? SWEET MOTHER OF GOD. this is so idiotic that i am actually 100% on the developers' side. anyone that "donates" is so dumb that they're actually bad people and DESERVE whatever befalls them. The aggressively stupid SHOULD lose their money. the universe demands it. the only problem i foresee is potential regulation of exchanges and issuers because of horseshit like this. modern securities regulation came about because scammers were basically securitizing and selling obvious nonsense ("selling shares of the blue sky") and people couldn't help themselves from buying (if only to sell it to someone else). this is all embarrassing smh. i know this was previously discussed here but i NEED to insult these people in the harshest possible terms. go team verge - rob everyone that "donates" as part of this scheme lmao [link] [comments]  | ||
| Last night I accepted bitcoin for beer! Posted: 24 Mar 2018 07:40 AM PDT I work at a brewery as a bartender. We were the first brewery in America to accept Bitcoin. We started in December of 2013. We got a lot of press because of it. The brewery is called Philadelphia Brewing Company. We had a ton of people come in with Bitcoin when we first started accepting it but it has been a long time since the last time. We got a new P.O.S since then and haven't set up any way to receive bitcoin. Last night however, someone came in who remembered all the hype and asked me if he could pay with Bitcoin. Said it was on "his bucket list". I told him he was in luck. I had him send it to me and I just paid cash into the register. After the transaction, which we were both pretty amped about as I've never received crypto in the wild and he had never sent it, I told my boss what happened and he immediately told me I was in charge of making sure we can accept Bitcoin going forward. That's how adoption works in the real world. [link] [comments]  | ||
| Posted: 24 Mar 2018 04:55 PM PDT
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| Oyster Protocol on the IOTA Tangle & Shell Airdrop (April 6) Posted: 24 Mar 2018 04:12 PM PDT I first bought in Bitcoin back in 2013 when some co-workers started talking about it. I think it was $92/bitcoin and I remember buying just 3, which seemed like a lot of money back then. I worked as a software consultant, so it was sort of natural that my team was talking about the new hot technology. When I first heard about Bitcoin, I thought sounded kind of like a scam and I sort of forgot about it until 2014 when I looked deeper into the technology, blockchain, protocols, etc. I've been following this space ever since. I state the above as a bit of a precursor to showcase a few things. I have seen several dozen projects come/go/fail. I haven't seen a project as under the radar as Oyster in some time. A project that is incredibly interesting that I've recently found to be super under the radar is the Oyster Protocol. It's a file storage system that solves 2 issues: website monetization & distributed storage - all on the blockchain. It is all based on top of the IOTA tangle. The project intends to change the way that advertising works on the internet, by removing banner ads - which I see as being revolutionary and a space that needs to change. It's a benefit to everyone, in my opinion. On April 6, there is going to be a 1:1 airdrop (an airdrop is a free distribution of tokens, for existing token holders) - for every 1 Oyster held in an ERC20 wallet, you will receive 1 Shell (SHL). The new token Shell (SHL), supports the transmission of data across the network/protocol. It's my understanding that it sort of works like gas for transactions. Take a look at the white paper below. I have no intention of shilling any coin, which I see a lot of here and I am super against. I'm attempting to have some discourse around the project which is truly starting to accelerate in growth and dominance. What do you like about the project? What don't you like? Oyster Website: https://oysterprotocol.com/ Oyster Shell White Paper: https://oyster.ws/ShellWhitepaper.pdf Oyster / Shell Airdrop announcement: https://medium.com/oysterprotocol/dawn-of-a-new-era-3ca2e2f5a1c6 Disclaimer: I do hold some Oyster [link] [comments]  | ||
| Not Everything You Don't Like is a Scam Posted: 24 Mar 2018 08:37 AM PDT I think a huge problem in this space is everyone calling the coin/token competing with the one they are invested in a "scam". All this does is hurt the general image of crypto making it seem like theres tons of scams in the space. Of course, there are scams in the space, but most of the top 100 coins that get called scams are not scams. This is an incredibly exciting new space with huge potential and interesting challenges that has captured the attention of thousands of developers around the world. There are lots of people that want to see what they can do with this new technology. We have no idea which coin or token will really be adopted one day, or which one will successfully scale to the number of transactions per second needed to support global adoption. Calling other coins scams because you want people to invest in your coin instead first of all doesnt work and second of all is bad for everyone. Focus on the good things that the devs of your coin of interest are doing instead. [link] [comments]  | ||
| Ancient Romans On Cryptocurrency Investing Posted: 24 Mar 2018 11:13 PM PDT
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| IBM: We already use Stellar Lumens live, much more in Q2 2018 Posted: 24 Mar 2018 01:07 PM PDT
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| Enjin Coin's Partnership With Unity Will Get Them in Front of 4.3 million Game Developers. Posted: 24 Mar 2018 11:59 PM PDT
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| Daily General Discussion - March 25, 2018 Posted: 24 Mar 2018 11:13 PM PDT 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:
Rules:
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Thank you in advance for your participation. Enjoy! [link] [comments]  | ||
| Upcoming Airdrop snapshot / mainnet for PRL oyster Posted: 24 Mar 2018 02:16 PM PDT April 6th is planned to be the snapshot date for the upcoming 1:1 airdrop. Soon afterwards, within April, they're also planning to launch their mainnet. The team has been very consistent with their updates and improvements. Personally, the project does seem ambitious and still at its infantile stage, but compared to many other top 100 coins out there shows much better progress and tries to solve a real-world problem with online advertisements / storage. Would love others' opinions about this project. [link] [comments]  | ||
| Posted: 24 Mar 2018 11:23 PM PDT
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| Enjin Coin integrated into Minecraft Posted: 24 Mar 2018 04:15 PM PDT
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| Video: Mark Cuban Is Buying Bitcoin | March 9, 2018 Posted: 24 Mar 2018 06:16 PM PDT
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| Posted: 24 Mar 2018 08:25 AM PDT Before we were members of the Digital Assets Coalition of America (DAC), we watched as blockchain and distributed ledger technologies (DLTs) grew from proof-of-concepts to the powerhouses of innovation that they are today. Digital assets and distributed applications are revolutionizing the way the world does business, manage data, assign and validate ownership, provide accountability, auditing, and more. Simply put, within a sensible regulatory climate, DLTs can fuel the American economy for generations to come. However, there's an issue happening right now that we as a community must come together and resolve. The crypto community deals with an unacceptable lack of representation in the creation of the federal policies that regulate everything from ICO participation to tax policy. In response, we formed a coalition of innovators, strategists, lobbyists, and educators to ensure representation on the issues that affect us all. Through public education campaigns, congressional workshops, and face-to-face interaction with legislators, we're educating the federal government on DLTs to promote a favorable regulatory climate, facilitate informed policymaking, and secure the USA's position as a global leader in the digital asset arena. Our first policy objective is to instate crypto-to-crypto trades as like-kind transactions. With the passing of the new tax bill, like-kind transactions only apply exclusively to real estate exchanges. This change has resulted in an over-complicated reporting process that makes filing compliant taxes exceptionally difficult and inefficient. The new bill also opens the risk for traders and users to be hit with massive taxes that are potentially disproportionate with their true profits. Note: While we have accounting partners who worked under the interpretation that because cryptocurrency is treated as property for federal tax purposes, then U.S. Code § 1031 previously applied, this cannot be confirmed without specific guidance from the IRS. -- As always, trust your accountant(s). Secondly, we want to reduce the capital gains tax rate for both short and long-term digital asset holdings. With current policy, every time digital assets are used to make a purchase, or when digital assets are converted to fiat, high capital gains tax are assessed on any potentially derived profit. This financial burden disincentivizes spending crypto, acts as a barrier to adoption, and ultimately prevents crypto from ever benefiting the economy. Our team is composed of experts such as Stephani Scruggs, who led the resistance to the Trans-Pacific Partnership (TPP) which resulted in nearly a dozen delayed Fast Track TPA votes and the ultimate demise of the TPA. Stephani has advised President Trump on international trade deals, currency manipulation, and the Chinese trade wars. She also has experience working closely with Congressional offices to strategize and develop international trade and economic policy, establishing her as a fountain of wisdom on Capitol Hill. Or Michael Bowen, an international trade expert, whose organization advised the Trump campaign on trade agreements. Michael has also advised Congress on economics, housing development, international trade, and currency manipulation. Over the course of Michael's career, he has negotiated over $1 billion in capital market transactions and implemented the largest affordable housing development in Hawaiian history. Recently, we've on-boarded Frank McCarthy. After 20 years embedded in and advising on politics, media and policy making, as well as serving two House Transportation Committee Chairmen, Frank founded McCarthy Advanced Consulting (MAC). Frank uses his experience as a seasoned congressional staffer to run MAC, a nationally recognized lobbying firm that is known for helping unions fight above their weight class. We want to make sure you're a part of this process. We want you to ask us questions during the AMA this Sunday (the 25th) at 1PM est, but in the meantime, we have a few for you!
We look forward to seeing you Sunday at 1PM est! We'll be updating this post with the AMA link. Thank you all for doing your part to Keep America FUD Free! - Your Friends at DAC P.S. If you would like to stay up to date with us, feel free to subscribe to our newsletter through our website (DigitalAssetsUSA.org) or follow us on Facebook! tl;dr - The Digital Assets Coalition of America has your back on a Federal level. [link] [comments]  | ||
| Posted: 24 Mar 2018 08:25 AM PDT
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| Posted: 24 Mar 2018 02:30 PM PDT Check this out guys and please hear me out because it's about the future of where we are headed unless we can do something about it... Telegram raised $850 million from large investors last month, selling rights to virtual coins called Grams at $0.38 apiece, according to a filing. The second round is targeting another $850 million at $1.33 apiece this month, Icos have been structured like this before but this time the public will not be able to invest in the ico at all but only when it gets listed on an exchange and by that time it will be up 10x 100x to 1000x its initial price. (this angers me because it is where we are headed and it's going backwards) Why should the first supporters of blockchain... "us" be left out? If you guys notice the ico market is beginning to structure itself in a way the average investor cannot participate and get coins at the lowest rate. So in other words these so-called blockchain companies are allowing banks, millionaires, venture capitalist, etc. to have an unfair advantage OVER "us"....so once again the poor and the average crypto investor will get taken advantage of while the rich get richer. This is a form of manipulation and it gives them control over the cryptocurrency market. This type of environment was the reason cryptocurrency was invented for so that we could get away from the manipulation and unfair advantages corporations and the financial systems has had over us. To create adoption in p2p companies/communities is what the movement is all about. We need to stop supporting those who will use the blockchain and cryptocurrency as a means to continue this manipulation and greed. If they are going to structure "us" out of their ico as initial investors in their vision and put us at the mercy of those who can manipulate us then we should not support them as a blockchain company because they are the wolves in sheeps clothing taking advantage of the movement. Please be aware of this guys because it is not what we are all here for....I am an investor but I am also here because of the movement. What can we do? We need to let exchanges know we dont want these icos to be listed if they are going to try and sell to us when its already up 10x 100x to 1000x so their accredited investors can dump them on us. We need a hashtag to call out these fake blockchain companies... please come up with some ideas because this is a serious issue and they need to be called out! [link] [comments]  | ||
| Stellar Lumens Chosen By Kin Foundation As The Ideal Platform Posted: 24 Mar 2018 12:07 PM PDT
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| End of Q1 is close! So many project events. What ones do you know of? Posted: 24 Mar 2018 05:26 PM PDT Sup folks, What projects do you know of releasing major stuff by April 1st? I've got some FIAT to invest and I don't want to miss anything. This is what I know of off the top of my head. REQ Mainnet, WTC Mainnet and Wallet, ETHOS universal wallet, TRON testnet, GVT platform launch. What else!?! [link] [comments]  | ||
| Jibrel (JNT) - Tokenizing assets for exchange on the blockchain Posted: 24 Mar 2018 10:50 PM PDT With all the talk about potential real estate and securities transactions using blockchain, I am surprised more people haven't mentioned this project. It is a new token from a startup backed by Dubai's royal family. They are creating a streamlined way to tokenize assets (real estate, commodities, financial, etc). Looks interesting--this is one of the main ways institutions will utilize blockchain. A medium article providing a user-friendly intro will be out soon, but they also have this vid: [link] [comments]  | ||
| Posted: 24 Mar 2018 06:14 PM PDT I've wanted to cover this topic for some time because I feel a lot of investors want to see big returns while refusing to understand the risks involved. Then suddenly once the market swings downwards, irrational investors panic and end up dumping assets taking a loss. If you don't understand the risks then you may find yourself struggling to achieve impressive returns. How can you evaluate an asset if you don't understand the risks that carry along with it? And on top of that, in MOST cases, things that carry the highest risk you would probably want to avoid. But again, how do you determine the risk factor? That is the question I will cover in this topic. Keep in mind this is all my personal opinion and I am just speaking what's on my mind. Obviously this post is not meant to scare you, but allow you to remain confident during the highs and lows. So lets begin by highlighting some key risks below. THE REGULATIONS As new as blockchain technology is, we have a long way to go before everything matures into a mainstream supported market. Of course I feel mainstream would love to have crypto, but ONLY if it's regulated. As a large investor myself, I would rather see rules and regulations enforced while removing services that don't comply. Why? It's because I wouldn't want to risk losing my investment. I don't care if it's an asset, exchange, or a business operating in the real world.. If you don't follow the rules, then you are putting yourself and your investors at risk. Risk vs Reward says... Make sure the companies you invest in have the ability and resources to comply with rules and regulations. For example, If the underlying business is enforcing AML/KYC requirements, then I would not see this as a negative, but a positive. The business (and asset) now has a higher chance of surviving an authoritative crackdown. THE EXCHANGES Not many people realize how much exchanges play a role in providing a clean, fair marketplace. Without auditing exchanges there is no way to tell if exchanges are insider trading or hedging bets against the market. Many people can claim exchanges are manipulating the market, but without enforcing regulations, crackdowns and audits, we wouldn't know. And when this does happen on a larger scale, how do you think the market will react when/if exchanges are being seized/shut down by authorities? Risk vs Reward says... When exchanges don't comply with rules and regulations, especially when it deals with user finances.. things can get ugly. These exchanges (and your assets) could suddenly disappear or close down without warning. Or perhaps in some cases, governments may even seize the domain. THE MANIPULATION This is one of the largest issues crypto faces. When people think of manipulation they often think of traders, exchanges, and financial institutions.. And although this may be true (as mentioned above) manipulation can come from anywhere, including the assets themselves. A large (and I mean large) amount of assets on the market are simply manipulating investors into buying assets that have absolutely no long term value. Risk vs Reward says... Research, research, research! The price of something is ONLY what someone is willing to pay for it. If there is no demand for the asset, the true value may always be $0. THE WHALES (BIG INVESTORS) It's a no brainer there are whales in this industry.. From BTC to ALTs. But how many of these whales actually have investing experience? How many even care? Some of these whales bought in very early, others because they come from a wealthy background or just worked hard and earned every dollar they invested. Either way, these whales can exit at any time and not just from 1 asset... but numerous assets. It's hard to explain the amplification that a growing whale could have on the market. In the long term this whale could become enormously large, and then dump. (This is already going on) Risk vs Reward says... Every investment is a risk, but with research you should be confident it's one worth taking. When a whale exits or when the market swings low, this should not affect your judgement. Instead you could use this as an opportunity to buy the asset at a discounted rate. BAD PR People make mistakes, it happens.. however, when it comes to companies, investors are not as forgiving. A single piece of bad news can cause an asset to start tumbling down in value. But just because others decide to bail doesn't mean it's always the right decision. In fact, like Benjamin Graham says "The best time to buy an asset is when it's on the operating table.". Risk vs Reward says... The market is very volatile and there will be many highs and many lows in general as it is.. If you are able to be patient and ride out the typical swings, then you should be confident in riding out a low due to bad PR. Or, buy more because you truly believe in the companies long-term vision. FIAT vs BITCOIN Without creating too much controversy you must understand the risk posed when an asset is only paired to BTC. As time goes on more crypto will be paired to the fiat which will start affecting the BTC dominance / dependency. In addition, rules and regulations may push mainstream adoption to only allow crypto to be purchased using the fiat, not BTC. Throughout this maturing process the market will be volatile. Risk vs Reward says... Assets that are focusing on getting paired to the fiat will be less volatile long-term as the BTC dominance lowers. This is not implying the BTC value will be lower, but trillions of dollars could enter the crypto market via the fiat without BTC. SCAMS OR NOT Okay so let's try and define the word 'Scam'... Would it be someone who is after self gain with no morals? Selling assets that have no value? Someone in their basement who made a coin overnight? Or maybe a pyramid scheme? How about Bitconnect? False advertising? How about not getting what you paid for? I could go on and on... point is, all these things exist in crypto... and avoiding getting scammed comes down to one primary thing.. "Consumer Awareness" If you do not research or understand what you are investing in, there is no one to blame but yourself when things get ugly. Risk vs Reward says... Research everything you invest in! You must actually do some work by researching and learning about the company, the market and understand what you are investing in. Become confident in your investment. Consumer awareness is the best way to minimize your risk. SECURITY & HACKS When it comes to finances, security is everyone's big concern. Because this industry is relatively new it is more vulnerable to phishing, deception, exploits, bugs, glitches, hacks and flaws. We all must be aware that the risk of a major hack or major loss indeed has it's own odds. Which, depending on the scale, could have a major impact on the market. Risk vs Reward says... You can reduce the risk of losing assets in this event by storing them in a wallet (off the exchange). Although, as we've seen in the past, this will not stop the market from possibly taking a turn for the worst. In this event your patience will really be tested. THE ASSETS Everyone should already know that everything you invest in is a risk. There are NO exceptions! I just listed a bunch of risks above that would affect the entire market alone. But when it comes to specific assets it comes down to research and believing that what you invested in 'holds a value'. Risk vs Reward says... The higher and/or faster the market cap rises the riskier an asset becomes. The opportunity for impressive returns are very far and few with high market cap investments (but they are there). When looking for impressive returns you must research and find the next big 'undervalued' blockchain company. Once you are confident and ready to invest, you must also be patient. RISK VS REWARD So as you see, the market is not all sunshine and rainbows with rockets taking off left and right. (Probably what some expected when they first started investing) There is no "get rich quick" strategy and there will certainly be highs, lows, bubbles, dips, crashes and unexpected results. If you don't understand these risks then you may find yourself in a panic the next time the market swings low. So be patient! The entire blockchain infrastructure and the companies utilizing this innovative technology are not built overnight. The best investment you can make is investing in yourself! When you take the time to research, you will find yourself coming across great companies, amazing teams, and revolutionary blockchain services. There are many great investment opportunities out there, many! But the most important thing you need to achieve impressive returns, is confidence and patience. Regards, BTC2018 Remember no matter what I post or what I say, you should always do your own research, come up with your own assessment and talk with your financial adviser before making any investment decisions. [link] [comments]  | ||
| The CLOUD Act Is a Disaster for Privacy and Advocates Are Pissed Posted: 24 Mar 2018 08:49 AM PDT
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| French Finance Minister Course Corrects, Now Bullish on Cryptocurrencies Posted: 24 Mar 2018 07:29 AM PDT
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| Traxia: The Very First ICO on Cardano (ADA) Just Launched Posted: 24 Mar 2018 09:50 PM PDT
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| Verge Developers ask for more money. Partnership announcement held to ransom. Posted: 24 Mar 2018 07:24 PM PDT
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