Cryptocurrency Weekly Skeptics Discussion - April 8, 2018 |
- Weekly Skeptics Discussion - April 8, 2018
- Indian crypto traders and exchanges launch online petition against RBI’s move to ban banks and financial institutions from dealing in cryptos
- Crypto on Macbook Touch Bar
- Twitter has suspended @Bitcoin account for violating its rules (perhaps: trademark abuse, impersonation, etc.)
- Paid your tax? Spain's revenue agency requests your data from exchanges
- Quantstamp found 2 flaws in Bancor's smart contract code. It would really be great if Quantstamp or similar companies get more traction in the community - standards and control of smart contracts' code is desperately needed before the mainstream adoption kicks in.
- Currencies are just the start for blockchain, we have to remember that. Blockchain created decentralized trust. Let's not lose sight of what this is all about.
- I personally think that 9 out of 10 times decentralizing something and making an ICO around it it's bullshit and the companies just want to scam people. Here are the very few industries that decentralizing them might be a good idea, and the projects that working on that:
- Rockefeller’s $3 Billion Venture Capital Firm Begins To Invest In Cryptocurrency
- Addicted To Crypto? Yes. It’s real and it’s a problem.
- How ASIC manufacturers betray you. See Monero, Sumokoin and other forks
- Elon on Mars - HODL plates in Andy Front Animation
- @Bitcoin Twitter page deleted
- "When banks stored all our money, the bankers became the most powerful people in the world. When the protocols store all our money, the programmers will become the most powerful people in the world. Fun times ahead if you’re a nerd."
- How to make money in this Bear Market
- Only 6 hours before the Banano(NANO fork) snapshot. Take your NANO off the exchanges and change a representative!
- Daily General Discussion - April 8, 2018
- Decentralized exchanges are the future of cryptocurrency - why else would Binance and Bitfinex want in?
- VT newspaper featuring the three crypto majors on the cover page
- Forget whitepaper platforms, begin developing your dapp today with Neblio
- Japan on the Verge of Legalizing Initial Coin Offerings (ICOs)
- Canadian Mining Giant HyperBlock Acquires CryptoGlobal for $106 Million
- Trevon James Deletes All Proof Of Weak Hands Videos
- Major Class Action Lawsuit Filed Against NANO
- When/how are we going to battle bad journalism?
| Weekly Skeptics Discussion - April 8, 2018 Posted: 07 Apr 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]  | ||
| Posted: 07 Apr 2018 10:49 PM PDT | ||
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| Paid your tax? Spain's revenue agency requests your data from exchanges Posted: 07 Apr 2018 10:06 PM PDT | ||
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| Posted: 08 Apr 2018 01:33 AM PDT I consider most of the readers here at /r/cryptocurrency intelligence, so I'm pretty sure most of you don't invest in every new shitcoin or ICO before you check about the team, technology (code) , marketing quality etc…I see so many projects out there trying to scam inexperienced investors that don't know how to determine if a project is legit or not. After investing in multiple ICO's in the last year I learned something important: We don't need to decentralize everything. ICO can have a great team, cool concept & a big community but without a real usage in the token, the volume will be low, easy to manipulate and it will just become another shitcoin. In my opinion, there are 3 industries that we can still decentralize:
Decentralizing the data advertisement industry, and implementing blockchain (which will make it more secure) can be a positive change. The Blockchain company: Liberdy - besides the fact they gonna decentralize the advertisement data industry, they also plan to reward users when a company uses their data. It's actually kinda brilliant, It gives you the power to choose whenever a company will use your data or not, and in case they wanna use it they will pay.2. The Industry: programming - How many developers there are out there? millions. how many blockchain developers there are out there? Not enough.We can't hope for the world to adopt blockchain when the infrastructure is not ready. If a big bank wants to implement blockchain they will need to hire new blockchain developers that might be not so easy to find. But what if every developer could just use the language he uses to work with and by using some magical tool this language will turn into smart contracts? The Blockchain company: iOlite - they are aiming to be the google translate of the programming world. In my opinion, it will make it much easier for any company to implement blockchain and that's the kind of projects I would like to see in our market.
Here are few examples: How high? In Fiverr, for example, it can go up to 25% On UpWork the fees can go up to 20%: On Amazon Mturk it can go up to 40%!! https://pbs.twimg.com/media/DVhjlsUX0AEaPzG.jpg The Blockchain Company: Effect Ai - They gonna decentralize Amazon Mturk. They have a great tech team and advisory board (Charlie Shrem is one of their advisors) There are thousands of freelancers who work 10-15 hours per day on platforms such as Amazon Mturk and get paid 2-3$ per hour. Taking the fees off will leave a lot more to this freelancers. I can see a vast usage of this platform. Besides that fact it will create a healthy competition among the online freelancers marketplace, it will also help to improve the life quality to thousands of people. [link] [comments]  | ||
| Rockefeller’s $3 Billion Venture Capital Firm Begins To Invest In Cryptocurrency Posted: 07 Apr 2018 08:25 AM PDT | ||
| Addicted To Crypto? Yes. It’s real and it’s a problem. Posted: 07 Apr 2018 07:21 PM PDT How many times do you guys check your blockfolio account everyday, Reddit subs, bitcoin news, exchange charts, trade coins? How many times do you say " Deleting all apps and not checking Reddit for 2 weeks" and 8 hours later you find yourself skimming though the crypto subreddit like a crack head looking for their next fix. Deleting all crypto related apps seems like the best option. But it's almost hard because what if you miss major FUD on your long term hodl, or the market rebounds and you want to take profits. Today I found myself taking a shit at work looking through the daily discussion to realize I was gone for 12 minutes and have yet to drop an ounce of poo. [link] [comments]  | ||
| How ASIC manufacturers betray you. See Monero, Sumokoin and other forks Posted: 07 Apr 2018 03:25 PM PDT Monero and Sumokoin (and others, I know these two) changed their mining algorithm slightly with the aim to nullify possible ASIC miners. There were huge amounts of nethash coming from unknown sources and the community agreed these should be ASICs silently mining. Since Monero and forks agreed with the anti ASIC stance they started to change their mining algorithms with their hardforks leading to the situation we have now. Moneros nethash is currently correcting to GPU/CPU/botnet/FPGA difficulty. Bitmain furthermore announced "MoneroClassic" as their own fork to keep ASICs going (chainsplit harming the main feature of privacy on all fork chains and invalidating the project from the start). What you now can derive from all this:
When the hardfork happened Monero was at 1100MH/s approximately, currently while still correcting we are at 500MH/s (the numbers are derived from the difficulty, so AT LEAST 50% came from ASICs silently mining). Of course there are not upgraded miners, people not supporting the new fork and botnets which lower the difficulty. But with everything calculated in and the still correcting difficulty we can be sure this was Bitmain, Baikal and others grabbing their cash before selling overpriced miners to you. So rethink if ASICs are the way to go and especially companys like Bitmain. Edit: see https://monerohash.com/ for current hashrate calculated. Remember we were at 1100MH/s when the fork happened. So my current estimation is 70% of Moneros and others hashrate came from ASICs currently mining. Edit2: difficulty now at 353MH/s while many GPU and CPU miner jumped onto Monero again (553 -> 719 worker on monerohash). On http://minexmr.com/pools.html we see the distribution. The unknown pool part still getting lower due to adjustment, but for now we can say approximately 600MH/s or at least 55% came from ASICs and botnets to some degree (botnets shouldn't be big, biggest I know had 3MH/s). [link] [comments]  | ||
| Elon on Mars - HODL plates in Andy Front Animation Posted: 07 Apr 2018 08:24 PM PDT
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| How to make money in this Bear Market Posted: 07 Apr 2018 08:56 PM PDT I think too many redditors have bought into the HODL meme. I've been making great profits using two different strategies I'll expand on below. With my profits I'll take a sizeable percentage back out into fiat, and adding to my altcoins that are in my opinion great long term holds such as DRGN, ICX, JNT, HPB, BBN, TRAC, VEN, and some others while keeping some BTC on hand. Here are the two things I've been doing:
Low marketcap altcoins that are either just starting out or that have upcoming price catalysts. Some example of these coins would be STK, CMPCO, XTL, BANCA. Full disclose I have bags of all of these. The reason why I suggest this is because these coins are more likely to hit those high percentage gains associated with mooning. In this current market you're not going to see BTC hit insane highs which would increase your USD value for your alts. These alts are more likely to have upcoming price catalysts that would drive the coins price up or valuation at a higher amount than coins in day the Top 50. I almost feel like I got lucky with XTL I found it around 2 sats, bought in at 3 sats then 5 sats, it recently pumped super hard hitting 28 sats back down to like 17 sats I have a buy set in at 15 sats. Of course, do your own research but that means more than just checking out their website/white paper!!! When you're researching an alt check out their announcement on Bitcointalk, read a bunch of the posts there, join the discord/telegram scope it out, and also make sure to look up some tweets about the coin as well. Of course this only works if you've already heard of a coin but how do you find them in the first place? Check out the new coins listed on CoinMarketCap, check for new coins listed on Masternodes.online, and keep up to date with the announcements section of Bitcointalk.
Inexperienced traders often are too impatient with their positions and so they'll actively trade themselves into losing positions. You can help ease this mistake by taking advantage of Proof of Stake and Proof of Work coins. I don't stake any coins actively but I operate two Masternodes, and I mine. I run a masternode for Xuma and Bitcoin Green, not only have the coins gone up in overall price since I bought into them, but my holdings have increased considerably from running my masternode as well. I actively mine SUMO, XTL, and some some other coin that's most likely a shitcoin not going anywhere called Dinastycoin. I only have a 970 but I'm getting sizeable rewards plus if these coins move in the direction I think they will I'll make much more in profit. If you guys have any questions PM me, and I'll try to to answer them but none of this should be taken as financial advice. I hope you fellas are handling the market conditions well don't lose your hope yet we're just getting started. [link] [comments]  | ||
| Posted: 07 Apr 2018 10:30 PM PDT Banano is the first official peel (fork) of Nano. It is designed to be a feeless, instant, rich in potassium cryptocurrency. The Banano airdrop snashopt is scheduled for the 8th of April - 10am UTC. In order to participate you need to get your NANO of the exchanges (be responsible for your own SEED). You will get extra Banano if you change your representative to a one that is not in the top 10 representatives. In addition to the airdrop, the Banano faucet game had just been released. Come play and earn some delicious Bananos. Take a look at a screenshot from the game For more information on the airdrop, game and the upcoming releases, you are welcome to visit banano.co.in and r/bananocoin! [link] [comments]  | ||
| Daily General Discussion - April 8, 2018 Posted: 07 Apr 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:
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Thank you in advance for your participation. Enjoy! [link] [comments]  | ||
| Posted: 07 Apr 2018 08:01 PM PDT | ||
| VT newspaper featuring the three crypto majors on the cover page Posted: 07 Apr 2018 09:48 PM PDT
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| Forget whitepaper platforms, begin developing your dapp today with Neblio Posted: 07 Apr 2018 07:05 PM PDT | ||
| Japan on the Verge of Legalizing Initial Coin Offerings (ICOs) Posted: 08 Apr 2018 02:38 AM PDT | ||
| Canadian Mining Giant HyperBlock Acquires CryptoGlobal for $106 Million Posted: 08 Apr 2018 02:07 AM PDT | ||
| Trevon James Deletes All Proof Of Weak Hands Videos Posted: 07 Apr 2018 05:59 PM PDT | ||
| Major Class Action Lawsuit Filed Against NANO Posted: 08 Apr 2018 02:31 AM PDT | ||
| When/how are we going to battle bad journalism? Posted: 08 Apr 2018 01:20 AM PDT There is an obvious problem here we as a community need to discuss. Obviously there are many newbie journalists or people that were not journalists at all in the space. I would expect by now that would be solved but even in very big news sites they make huge mistakes such as CNBC etc. But especially when it comes from inside the crypto space is especially disturbing. Although this is a somewhat controversial site I take it as an example from bitcoin.com: "England: Unauthorized Crypto Futures and ICOs are Criminal Offences" What FCA said is: "Regulated activities in relation to derivatives that reference either cryptocurrencies or tokens issued through an initial coin offering (ICO), will require authorisation by the FCA." Which for kids or people stuggling with English means: Regulated Derivatives for EITHER cryptocurrencies OR ICOS need regulation. cryptocurrencies and ICOs themselves are not a problem but DERIVATIVES are. This is detrimental to the space because we have so much FUD that is either misinterpreted or maliciously misreported with alterior motives. C. Edward Kelso I am calling you out. Either improve your English or understand the principles of journalism. [link] [comments]  |
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