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    Sunday, April 1, 2018

    Cryptocurrency Weekly Skeptics Discussion - April 1, 2018

    Cryptocurrency Weekly Skeptics Discussion - April 1, 2018


    Weekly Skeptics Discussion - April 1, 2018

    Posted: 31 Mar 2018 11:15 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:

    • 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.

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    • 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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    Bitcoin - You Are Here

    Posted: 31 Mar 2018 11:11 AM PDT

    World’s 9th Largest Stock Exchange To Launch Cryptocurrency Brokerage, Allowing Institutional Investors To Purchase Huge Amounts Of Crypto

    Posted: 31 Mar 2018 06:39 PM PDT

    With CoinText.io, even elderly grandmas with ancient Nokia cellphones can send cryptocurrency via SMS. This will be a game changer for the billions of poor people in developing countries who don't have internet access.

    Posted: 31 Mar 2018 08:47 PM PDT

    Are we naive to think what took the dotcom bubble 6 years to grow and 2.5 years to burst that crypto did all that in six months?

    Posted: 31 Mar 2018 08:24 PM PDT

    Bitcoin Cash drops below 0.1 BTC as it fails to gain traction

    Posted: 31 Mar 2018 09:30 AM PDT

    This is what mind control looks like

    Posted: 31 Mar 2018 06:25 PM PDT

    How hypocritical are banks: Ban Bitcoin But Mafia Boss Is Ok To Work With

    Posted: 31 Mar 2018 07:24 AM PDT

    A cryptocurrency with several red flags.

    Posted: 31 Mar 2018 09:33 PM PDT

    Electroneum.

    1. Massive premine

    2. Broken blockchain

    3. Privacy coin trying to be general use currency

    4. Whitepaper poorly written. Plagiarized.

    5. Github is as scanty as desert.

    6. I severely doubt Richard Ells realises how Monero works. Very much evident from every etn post.

    7. 0 dev team.

    8. Employs shills. Etn is going to 100 dollars on youtube. Well.

    9. Mobile mining is a joke.

    10. Believes those who don't understand crypto will enter this space for electroneum. Probably they are right. Those who dont understand blockchain will invest in electroneum.

    Am not looking to spread Fud. Will attach more evidences with time. Well, am open to counter arguments. Am not spreading FUD

    Edit : looking to attach proofs

    https://youtu.be/XZH7tsHEmt0

    https://youtu.be/m1xMj0CVlyE

    https://m.imgur.com/IZRB3Yt

    https://m.imgur.com/bvh6Ui3

    https://github.com/electroneum/electroneum/issues/197

    Edit : (adding more propaganda videos and evidences. Beware whenever a coin has shills of this quality. The last time I saw such shilling it ended pretty bad)

    https://youtu.be/MKe12WKHO-4

    Edit2 :The Knifeofpi2 episode and few other episodes (as seen in medium) are probably known to most. I only added such evidences that I felt are not much publicized. If you all want me to publish a fully evidenced article on why I am sceptical, well then, will try to do so once am done with all my work.

    And yet people believe its going to be the next people's currency

    submitted by /u/Fullthrottle19
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    This is extremely worrying

    Posted: 01 Apr 2018 01:55 AM PDT

    When hedge funds, etc. want to lower a crypto or security price to secure a beneficial entry point, they will use a coordinated media attack (as described by Jim Cramer - see comments) like the following...

    Posted: 31 Mar 2018 11:25 PM PDT

    Why Every Bitcoin Fan Should be Excited About Schnorr Signatures

    Posted: 31 Mar 2018 06:06 PM PDT

    Daily General Discussion - April 1, 2018

    Posted: 31 Mar 2018 11:15 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:

    • 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.

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    • 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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    Russia plans on securing elections with blockchain technology!

    Posted: 31 Mar 2018 10:51 PM PDT

    CMC Market Cap in LAMBO for April Fools!

    Posted: 31 Mar 2018 10:55 PM PDT

    Enjin Coin Demo's their tech at GDC 2018

    Posted: 01 Apr 2018 12:09 AM PDT

    So what's the next fake bull run trigger? We've heard it all since December...from Chinese New Year to Wall Street bonuses! Now it's "institutional investors" or is it "Consensus 2018????"

    Posted: 31 Mar 2018 07:27 PM PDT

    Ever since the ATHs BTC and many alts reached in Dec we've heard about the selloff and then the market recover triggers. First it was everyone was selling to pay their credit cards from Christmas. Then it was selling to pay taxes. But then the bull run triggers started and ALL failed...

    Don't worry the market will explode once.... Asia returns from Chinese New Year....errrrr uhhhh Wall Street gets their huge bonus checks....errrrr uhhhhh Once BTC bounces from $6k....errrrr uhhhhh After the CFTC meeting with US Congress.....errrr uhhhhhh All these institutional investors.......errrrr uhhhhhh Consensus 2018, yeah that's the ticket!

    submitted by /u/BuckeyeBeachbum
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    I'm a contrarian investor, convince me now is a time to buy/sell

    Posted: 31 Mar 2018 09:42 PM PDT

    I bought FB at $20. VW after the emissions scandal. Apple after Steve Jobs died. Firearm stocks after shootings. BAC at $6. VGK after Brexit... The list goes on... When I see negative headlines I take note and often want to buy.

    I didn't start seriously following BTC until early 2016. I didn't invest because I found security to be too cumbersome, where mainstream investors would not invest. After seeing the run-up YE 2017, I took note, and clearly I had misread the potential. But I never invest under those run-up conditions... seeing the community feel the pain over the past 3 months has made me quite interested in reconsidering investing. I've done much research, and realize that crypto is more accessible and potentially more secure than ever, but my ultimate feeling is this type of investment is pure speculation at this point. I truly believe that 0 and 100k BTC price are possible outcomes over the next 3 years. Beyond that, Crypto is dangerous for the average investor, and especially the computer illiterate. There's a place in a portfolio for speculation, but you have to be ready for a 100% loss.

    Are you a buyer or a seller? Honestly, I would be more interested to hear from sellers.

    submitted by /u/WallStBlvd
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    Dear Mark Zuckerberg, If you are selling my data without my permission, at least pay me for this.

    Posted: 31 Mar 2018 06:57 AM PDT

    Facebook became in some ways a big part of my life, kinda like Google, Twitter, Amazon, and few other websites Iʼm using online. After reading about Cambridge Analytica scandal I was mad. Mad because I got used to Facebook and I think twice before closing my account. If instead of Facebook, it was a small online website that sells my data, I would probably close my account, write an email to the support and 'burnʼ them on few reviews websites and Reddit, But because itʼs Facebook, I really feel like no matter what I do, it wonʼt help.

    I did some research about data privacy rules/law and I found out that on the 25th of may 2018 there is an event call GDPR (General Data Protection Regulation) which is the most important change in data privacy regulation in 20 years. The GDPR is a regulation that is set to help strengthen data protection for individuals located within the European Union. You can read more about it here: https://www.eugdpr.org/

    Beside that, a blockchain company now plan to reward users for the uses advertisers make of the data. It means that if Facebook or any other website want to use my data, they will need to pay for it. https://medium.com/@liberdy/a-new-player-is-changing-the-game-foradvertisers-e8a7a8b878cb

    submitted by /u/ejazi3920dw
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    Vitalik Buterin wants to hard cap the the maximum supply of ETH to 120M coins. Is this good or bad?

    Posted: 01 Apr 2018 01:09 AM PDT

    Stellar + IBM + Central Banks in Asia and North America

    Posted: 31 Mar 2018 07:32 PM PDT

    West Virginia Becomes First State to Use Blockchain Technology in Election

    Posted: 31 Mar 2018 05:20 PM PDT

    UK Royal Family Secretly Buying Huge Quantities of Bitcoin

    Posted: 01 Apr 2018 02:15 AM PDT

    The best gauge for when to buy or sell BTC/ETH? Your own emotional state.

    Posted: 31 Mar 2018 10:50 PM PDT

    Everyone says to buy low, sell high and to avoid the emotional state of the masses but very few actually do. Most people (including me and you) are part of the masses, we are the sheep, and so the best way is to read our own emotional state.

    Now this metric is not perfect, you might actually have a good degree of separation between emotions and investing, let's assume you don't (you probably don't). Also, this advice only pertains to investment assets that already have a following and provide value (BTC, ETH, RE dev, stocks, bonds). Altcoins are just an every man's form of venture capital/angel investing.

    When you find yourself ranting and raving about BTC/ETH, telling your friends, your family to invest. When you feel the most confident about the technology, when your absolutely high off the potential of the tech. When you start convincing yourself that you "believe" in the tech (even though you don't understand it AT ALL). When you start getting obsessed about decentralized this and decentralized that, while bad mouthing financial institutions for holding crypto conspiracies. When the future seems bright, and you feel like you are an early investor into something magical.....that my friend, is the sign from the universe to sell.

    When you lose absolute faith in the technology, when you are despondent. When you start calling it a scam, a ponzu scheme. When you see no future in BTC/ETH. When there is no end in sight to the bear market. That my friend, is also a sign from the universe to buy.

    It's a simply metric, not saying it's 100%. It's still emotionally based, but I'll bet my shoe it'll be more reliable than TA or candlestick bullshit.

    submitted by /u/TheChisler
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    So much Lambos

    Posted: 01 Apr 2018 02:24 AM PDT

    Fujitsu Industrie 4.0 Competence Center With IOTA

    Posted: 31 Mar 2018 10:14 AM PDT

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