• Breaking News

    Tuesday, April 24, 2018

    Home Unlabelled Cryptocurrency Daily Discussion Megathread - April 24, 2018

    Cryptocurrency Daily Discussion Megathread - April 24, 2018

    April 24, 2018

    Cryptocurrency Daily Discussion Megathread - April 24, 2018

    Daily Discussion Megathread - April 24, 2018

    Posted: 23 Apr 2018 11:11 PM PDT

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

    To see the latest weekly Skeptics thread, click here

    To see the latest weekly Support thread, click here

    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 The prior exemption for karma and age requirements is no longer in effect.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
    [link] [comments]

    Early investor in Tesla, Skype and Hotmail says bitcoin will be bigger than all those combined

    Posted: 23 Apr 2018 09:43 AM PDT

    Cancelled my CitiBank credit card today. Won't bank with someone who's against CryptoCurrency.

    Posted: 24 Apr 2018 01:40 AM PDT

    I was thinking a lot about cancelling citibank credit card since they sent out a mail stating they won't be allowing any activitiy related to cryptocurrency. Called the customer care & here is the conversation: Me: Hi I would like to cancel my credit card CC: Sure. May I know the reason why. Me: I do not support CitiBank's stance against cryptocurrencies CC: Would you continue to use the card if we gave you Rs.1000 cash back? Also 10x reward points on every purchase. Me: Will you be accepting transactions related to cryptocurrency? CC: I'll forward the request to cancel the credit card. Me: Thanks...

    submitted by /u/harshgandhiin
    [link] [comments]

    Dust to BNB conversion soon?

    Posted: 23 Apr 2018 11:22 PM PDT

    Power Ledger and Japan’s second-largest electricity utility Kansai Electric Power Co. (KEPCO) have today announced we will partner to trial peer-to-peer renewable energy trading in Japan

    Posted: 23 Apr 2018 11:10 PM PDT

    The Icon that is ICX. Analysis / Breakdown / Valuation.

    Posted: 23 Apr 2018 11:40 PM PDT

    What is ICON (ICX)

    ICON is designed to be a massive scale ecosystem, allowing different blockchains connecting to one another through their protocol. This means that universities, security firms, banks, hospitals and other private blockchains will all be able to share information through ICON's online ledger without intermediaries doing us dirty.

    Team

    The ICON team is business-minded and focuses on getting more people to use their blockchain. Starting from South Korea, the project has partnered with numerous organizations to achieve its goal of connecting the world using blockchain technology.

    The good stuff I make this short and cut right to the point. I am getting NEO May 2017 vibes from ICX. It is hard to describe the feeling but Im expecting to see a rise. After all the valuation makes sense. ICX is essentially South Koreas crypto and the korean market makes up a third of the entire crypto market. That is HUGE and I think a lot of people are not taking this into considerations. I cannot say for sure if it could be a top 10. But there is definitely potential and if it did you would see a 400% ROI. .

    Anyway I am falling asleep here...I'll post more stuff later on the week in this investment group once my schedule is free. Best of luck trading guys and gal!

    P.S. What is your take on ICX and the upcoming events? Hoping to hear more than "I'm bullish" or "WASSA WASSA WASSup".

    submitted by /u/ToothFairyTea
    [link] [comments]

    Its Napster time all over again..

    Posted: 23 Apr 2018 07:23 PM PDT

    Does anyone else feel like we are back in the year 1999 when Napster was founded, and the proceeding legal hearings trying to figure out how digital P2P music sharing should be controlled, how it should be defined, should users have to register their music, is it illegal etc etc.

    After hearing that ETH might be classed as a security and American owners should register their holdings with the SEC, it is very reminicent of Napster in 1999.

    A group of technologically ignorant old men trying to write rules for something they dont understand, while trying to squeeze new tech into laws that were created when people prefered horses as their mode of transport.

    Makes me chuckle

    submitted by /u/slvbtc
    [link] [comments]

    I've built this alternative to Airbnb for the crypto community, scaled it to 1500 properties in just 5 months. All bootstrapped without a scammy ICO, just building the product and talking to user

    Posted: 23 Apr 2018 02:02 PM PDT

    Should You Invest In Ark? (Opinion)

    Posted: 24 Apr 2018 12:28 AM PDT

    Crypto-related Apps are creeping up the App Store rankings again...

    Posted: 23 Apr 2018 10:41 AM PDT

    Ambrosus releases new Tech website!

    Posted: 24 Apr 2018 01:29 AM PDT

    ELEC announces airdrop for OMG holders!

    Posted: 23 Apr 2018 08:21 PM PDT

    Tim Draper: Bitcoin is Bigger Than the Internet

    Posted: 23 Apr 2018 11:07 PM PDT

    We make history

    Posted: 24 Apr 2018 12:48 AM PDT

    Power Ledger Enters Japan & Greenwood Solutions Partnership

    Posted: 23 Apr 2018 11:14 PM PDT

    Goldman Sachs Hires Trader for Crypto Market Unit - JP Morgan Banker Says Crypto Market will Grow!

    Posted: 23 Apr 2018 05:40 PM PDT

    I seriously hope they lift the ban on banks to work with cryptocurrency exchanges!

    Posted: 23 Apr 2018 09:40 PM PDT

    The case for cryptos: Wells Fargo fined $1-billion after ripping off customers for over 12 years

    Posted: 23 Apr 2018 11:58 AM PDT

    Malta is Becoming the Crypto Capital of the World

    Posted: 24 Apr 2018 02:33 AM PDT

    Electrify Asia ($ELEC) Poised to be Huge

    Posted: 24 Apr 2018 03:12 AM PDT

    Electrify Asia is poised to make huge moves very soon. Every time they've modestly hinted at a future development, they've over-delivered, as they did most recently in their partnership with TEPCO, the largest utility company in Japan (4th largest in the world). Electrify Asia is building an intelligent energy ecosystem for Asia.

    • Builds on an existing business running successfully and turning a profit since March 2017: electrify.sg

    • Electrify Asia is creating a decentralized intelligent energy marketplace/ecosystem for Asia.

    • Is purpose built to utilize PLASMA and OMISE GO

    • Will help both consumers and producers. More choice. More savings. -- More transparency. Less barriers for alternative energy sources.

    • Based in Singapore, the place for innovative blockchain projects. One of the most crypto friendly countries.

    • Marketplace features commercial retail contracts, p2p energy and conventional providers.

    • The ELEC token allows the producers and retailers to access Electrify Asia's ecosystem. Retailers and producers will be required to stake their ELEC as a deposit to offer their energy in the marketplace. Transaction fees will also be paid by energy providers using the ELEC token for the usage of Electrify Asia's smart contract platform.

    • Distributed ledger technology will allow every participant to have an identical copy of their contract details, monthly or periodic energy usage, settlement details and energy fees.

    • Decentralizes a heavily centralized utility marketplace. Will transform the industry. This is exactly what blockchain projects should be doing.

    PARTNERSHIPS and ADVISORS

    • Electrify Asia signed an MOU with TEPCO, the largest utility company in Japan and 4th largest in the world (they provide electricity to TOKYO): https://medium.com/electrifyasia/befriending-goliath-599a2363a413

    • Partnership with SERIS, the leading global applied solar institute. https://medium.com/electrifyasia/working-on-research-and-development-9e8ec9e96b84

    • Partnerships with many other leading SE Asia power companies viewable at electrify.sg

    • CEO, Julius Tan, was featured in Forbes 30 under 30 in Asia.

    • Founder of OmiseGo, Jun Hasegawa is an advisor. Jun will be assisting with direction on blockchain scalability and payment solutions for Electrify Asia. "Reason why I'm confident this project, because Electrify has real business going on and that indicate real world business that bring real value to consumer level. Also there is significant requirement of scalability which what OmiseGO solving with Plasma :)" - Jun Hasegawa, founder of OmiseGo

    • Jeffrey Char, head of blockchain initiatives at TEPCO (biggest Electric company in Japan) is an advisor.

    • Martin Lim (COO) is constantly putting himself out there, doing interviews and going to conferences.

    UPCOMING

    • Electrify Asia recently announced an airdrop for all OMG holders: https://twitter.com/ElectrifyAsia/status/988609395654365184

    • AMA with OMG founder Jun Hasegawa this Friday, the 27th, regarding Electrify Asia and its future.

    • The team stated that May will bring significantly bigger developments than the TEPCO partnership

    • Plasma deployment this summer

    INVESTMENT CONSIDERATIONS

    • Power Ledger of Asia to put it in simple terms. Power Ledger is Australia only and is 6x the market cap of ELEC.

    • ICO went extremely smooth and handled well.

    • Active community, 10k members in the telegram group with Martin Lim (COO) and even Jun Hasegawa (founder of Omisego) joining in occasionally.

    • Still very cheap and early as the coin remains under the radar.

    submitted by /u/stardawg777
    [link] [comments]

    Icon (ICX) Launches Blockchain Incubator as Part of New Project

    Posted: 23 Apr 2018 10:05 AM PDT

    OriginTrail (TRAC): Kosmos Release v0.6a - Full GS1 implementation, blockchain virtualization, market bidding mechanism

    Posted: 23 Apr 2018 02:22 PM PDT

    Andreas Antonopoulos to be on the Joe Rogan Podcast soon

    Posted: 24 Apr 2018 02:19 AM PDT

    I believe the Verge/PH pay-to-play "partnership" was a massive strategic blunder, and has set a toxic precedent for the future of mainstream crypto adoption.

    Posted: 23 Apr 2018 11:36 PM PDT

    TL;DR This was an absolutely idiotic move by Verge, driven by poor business decision making, greed, and naivety from coin holders. I fear they've not only shot themselves in the foot for building future partnerships...they may have just sparked the "Pay to Play" crypto "exclusive partnership" adoption wars, which could create an unsustainable dynamic for new projects to flourish within the space.

    I'm a digital strategist. Essentially I help companies identify/implement initiatives for online revenue growth.

    I moved my initial investment out of XVG a while back to some projects I have more confidence in. However I've still been following the progress pretty closely.

    Initially, I saw the Pornhub/MindGeek announcement as a net positive for crypto as a whole. While it was clearly a marketing move more than a feasible route for widespread adoption of Verge as a currency, I was impressed by the scale of the gorilla campaign they executed. Like it or not, Crypto needs someone with the balls / funding to make big marketing investments like this if it will ever truly go mainstream. And no different than marketing any product or brand, the the more frequently people see any crypto related topic mentioned, the better.

    I don't even have a huge problem with their calling it a partnership like some do, despite the fact that it was driven by a big payment to Pornhub. Its not uncommon for businesses to call even incentivized marketing relationships "partnerships".

    However, upon further analysis, its become extremely apparent what a misguided move this was for Verge holders, and a potentially a highly toxic move for crypto as a whole. I don't believe that Verge is a scam persay. But the red flags of gross strategic mismanagement are glaring.

    1. The devs borrowed millions of coins from its users to sell into fiat, then then pump into what essentially amounts to a brand awareness advertising campaign... on a porn network. The fact that they did this without any transparency on what users were lending towards, or the actual potential economic return is ethically questionable in itself.

      But moreso, it doesn't make much sense at all from a financial management standpoint. Every marketing campaign for any business is calculated & considered in terms of its potential ROI. What is my possible return on the investment I put into this? Even if you can't directly realize measurable, profitable revenue from a campaign, there is inherent value in building general awareness for the brand and/or taking market share from competitors.

      But the other question which needs to be answered before launching any large campaign..Can this money be better invested elsewhere in the company?

      Any company can go out and dump their funding budget on multi million dollar ad campaign. BurgerCoin could go to McDonalds tomorrow and offer them $3 million to call themselves their official partner, and you'd probably see it on a billboard within a month. But I would never in a million years advise any of my own clients to run a marketing campaign of this size on crowdfunded money at this stage in the company. Especially considering its technology is still in the development stages...and without some foreseeable avenue for future return. They should be using that money to finish their product, grow the foundations of the business, and set themselves up for scaling.

      Companies like Uber or Amazon can afford to dump big money into building market share/brand awareness without seeing profit. They have huge venture capitalist backing. They have an army of devs getting paid full time. At any point, those companies could bump their pricing models and have a good idea how profitable they'll be.

      Verge, on the other hand, does not have bottomless working capital. They do not have any means to turn this partnership into a route to exponentially scale their development. They launched this campaign as if they were attempting to drive users to a regular eCommerce driven web business. When in reality,they have no real "product", therefore no means to actually realize return on it other than hoping the value of the currency increases.

      This is not a sustainable business model...and screams "Pump & Dump"

    2. Verge technology simply isn't ready for a partnership like this. Not even mentioning the bad publicity out there from the the massive failures with Wraith, recent hacks, and general FUD over management. There is still no easy route for people to purchase Verge with fiat money. They haven't yet built a reliable, wide-spread eCommerce integration API. And they haven't created any means to segway this into scalable mass adoption.

      I've been exploring avenues for getting my business clients integrated with crypto for months. And after many pitches, its pretty clear there is no real great option yet that your average small to medium digital business owner feels comfortable implementing. Crypto is still too confusing, foreign, and risky. Theres still too much misinformation out there. None of these coins or devs has made it "easily digestable" yet. The most common response I get is "I'm not sure we're smart enough to do this"...no matter how simplistically I explain it.

      XVG has done nothing to make strides towards mass adoption in this regards. They've done nothing to make it easier to buy & use their coins. IMO they really jumped the gun on this.

    3. The fact that they did this with a porn network only further reinforces the negative stigma associated with cryptocurrency as a whole. Verge is officially the "porn coin". This will no doubt affect their prospects for future partnerships, and also make potential investors wary.

    4. But my biggest concern with this deal...is the damage its done to crypto as a whole. They've officially turned cryptocurrency mass adoption into a "pay to play" game.

      Businesses are reactionary. They're profit-driven. Most business owners do not have the passion for crypto that its core investors have. They want to know how they can make money off of it.

      Until now, businesses that have adopted crypto are motivated by either a)a vested personal interest in Crypto. b) they see it as a revenue driving opportunity via the addition of additional payment methods. or c) most of all, they see the PR opportunities in saying they now accept crypto.

      But now, rather than crypto holders being the revenue-drivers...suddenly the Crypto companies themselves have become the potential revenue driver. After seeing this deal go through, what large company is going to want to agree to any partnership with a cryptocurrency, without a multi-million payout and connected PR/marketing deal attached to it?

      For XVG holders...what company is going to want to partner with Verge now without a massive payout in return? Where is the company going to get those funds? Will holders fund this if the price doesn't rebound from the first go?

      As a digital strategist...the wheels immediately started spinning in my head how much my mid-size to large clients could make going from coin to coin, peddling the opportunity to add their coin as a payment method. Multiple coins want to be my "exclusive crypto partner"? Who can give me the sweetest deal? Remember, at this point these business owners don't understand the differences in technology between cryptos...but they do understand money making from deals pretty well.

      And with Verge putting that $3 million number out there, we now know even have a basis for a network size/payment calculation.

      Every ShitCoin in existence just saw this move and knows they can now go to their coin holders, crowdfund several million, and pay any company they want to add their coin as a "strategic partner". I foresee a race to the bottom, with coins bidding against one another using investors' money to acquire new "exlusicive" partners.

      I predict every viable crypto project will inevitably be forced to play into this game. Which will lead to valuable capital getting dumped into 0-return marketing "partnerships", rather than business development & technology.

      None of this is sustainable. It would cause chaotic fragmentation for users, and stifle technology growth

    TL;DR This was an absolutely idiotic move by Verge, driven by greed, poor business decisions, and naivety. I fear they've not only shot themselves in the foot for building future partnerships...they just sparked the "Pay to Play" crypto "exlusive partnership" addoption wars, which could create an unsustainable dynamic for new projects to flourish within the space.

    submitted by /u/DontMicrowaveCats
    [link] [comments]

    NANO (XRB) Releases New Version, Added to Ledger Hardware Wallet Soon

    Posted: 23 Apr 2018 03:15 AM PDT

    Valence Technical Whitepaper Released! NavCoin's platform to revolutionize decentralized app development

    Posted: 23 Apr 2018 02:49 PM PDT
    Read more
    at

    No comments:

    Post a Comment