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    Cryptocurrency Daily Discussion Megathread - May 31, 2018

    May 31, 2018

    Cryptocurrency Daily Discussion Megathread - May 31, 2018

    Daily Discussion Megathread - May 31, 2018

    Posted: 30 May 2018 10:57 PM PDT

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

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    Thank you in advance for your participation. Enjoy!

    submitted by /u/CryptoCurrencyMod
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    What have we become?

    Posted: 30 May 2018 08:01 PM PDT

    I have been in the community either mining, "investing", lurking and chatting since 2014. Just recently I'm starting to lose faith in crypto. No its not the price I loved me some $6 LTC, its the fact that we are turning into what we were created to change.

    *Decentralized? Bitmain and a small group of big miners control mining in almost all ASIC minable coins. NiceHash offers criminals the ability to attack smaller coins attempting to have more decentralized gpu mining. Non minable coins by their creation aren't decentralized. Sorry they may not be scams but they are definitely not decentralized

    *Leaders in the community acting like wallstreet dicks? I have to read Charlie praising Tapjets a company that rents fucking private jets, for their crypto payment implementation. Ver doesn't need explaining. The rest going to NYC and partying at $2000 a head conventions.....Da fuck?

    *Rampant market manipulation? Ok crypto may have been built on this but its blatantly systematic now! The hope of institutional money coming in was to help legitimize crypto markets..... foreseeable backfire there.

    *Community that values "the tech" over lambos? Many from the early community cashed out during the boom and were replaced by get rich hopers. Trying to have a conversation with some people on something thats wrong besides Charts and Price is getting harder and harder.

    I know this is probably destined for the depths of the red sea, but come on people think of what this technology can do and how it was offered first to the masses. Lets not squander it

    submitted by /u/henryanderson12
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    Oyster Mainnet Online – OysterProtocol PRL

    Posted: 30 May 2018 09:18 PM PDT

    Nick Szabo calls out EOS "EOS depends on a naively drafted "constitution", human-interpreted wet code. As a result EOS will be labor-intensive, permissioned, jurisdictionally biased, and will have poor social scalability." / "That's the ugliness of utopian drivel, not the beauty of blockchain"

    Posted: 30 May 2018 08:30 PM PDT

    Chinese President Bullish on Blockchain calls it a "Breakthrough" Technology

    Posted: 30 May 2018 08:18 AM PDT

    Oyster Protocol MainNet now LIVE !!

    Posted: 31 May 2018 01:57 AM PDT

    Works like a charm :) I am happy I can be part of this.

    Try it out here: oysterstorage.com

    for now it's free! feel free to help out testing it.

    i think any feedback is welcome .

    IMO It's AWESOME :)

    I wish you all happy Uploading / retrieving .

    for now you can only upload <5mb but it will increase with time so be patient

    the team have come very far already ,very proud.

    submitted by /u/ohmaatnfy
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    NASDAQ partners with CryptoCurrency Exchange GEMINI in industry first.

    Posted: 31 May 2018 01:18 AM PDT

    One of the Crypto's Holy Land on Earth

    Posted: 30 May 2018 09:34 PM PDT

    As an Italian who is about to face a major economic crisis, would you recommend to look at crypto for "shelter"?

    Posted: 31 May 2018 01:15 AM PDT

    The recent political problems are inevitably causing devaluation of the Euro and fear or investors in Italian stocks.

    I'm a 20yo student and don't have huge assets or experience with any kind of financial crisis. I'm not looking for a definitive answer but merely want to spark discussion and hear the opinions of people.

    submitted by /u/aiL3
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    Law of 6's

    Posted: 30 May 2018 09:54 PM PDT

    Yesterday 3 times fake news was highly upvoted on the sub. Be careful not to trade before DOYR.

    Posted: 30 May 2018 09:00 AM PDT

    The three threads:

    1. EOS mainent cancelled. This caused a drop in the EOS price.
    2. Waves team performed an exit scam.
    3. Verge suffered a 3rd 50% attack.

    All three threads were fake news and were removed by mods from the main page. The one about Waves was particularly bad because it was accusing them of doing something very immoral. Unfortunately it was highly upvoted without people doing research.

    Our lesson is not to believe everything we read here before doing our research. Remember some people only want to spread FUD because they either hate crypto or hate a particular project.

    Edit:

    BTW I have never held EOS, Waves or XVG. And I don't intend to.

    submitted by /u/dee-thinke
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    A quick lesson on plausible deniability

    Posted: 31 May 2018 02:42 AM PDT

    It recently came to my attention that a lot of people weren't familiar with plausible deniability; a clever security feature that is on the Ledger Nano S.

    As it says this on the device itself and on Ledger's website too, I feel like I should probably also say it: This is an advanced feature and should be used with caution.

    I made a video on this subject a couple of days ago, so if awful crypto YouTubers are your kinda thing then you can check it out here.

    Basically, after talking with friends, I discovered that none of them knew about the hidden layer of security you can create on your Ledger Nano S (and maybe other hardware wallets too? Perhaps a helpful commenter can advise on this).

    This is really easy to set up and there is official documentation about it on the Ledger site here.

    By navigating to the settings and doing a few other things very similar to when you first set the device up, you are able to set up a secondary PIN which gives you access to a secondary layer of wallets. When you connect the device, you have the choice of which PIN you wish to enter (though the device won't tell you this, it will simply say 'Enter Your PIN' as normal).

    How is this useful? Well, if you're ever in distress for any reason and being threatened for your PIN/seed words, you can give out your main PIN number. This will give an attacker access to your main wallets - or your only wallets if you've not set this up. You will need to have some funds in your main wallets in order to avoid suspicion.

    By storing the majority of your funds under an alternative PIN, you are able to disguise where the majority of your funds are sat. You can *plausibly deny* that other PINs and wallets exist. Nothing on the device suggests that you have another PIN set up.

    If someone tries to recover your wallet using your seed words, they'll only get access to your main wallets. However, if you lose your hardware wallet and need to recover using the seeds, you can still recover access to the secondary layer too.

    Is this foolproof? No. But it's a hell of a lot better than not having it set up.

    submitted by /u/ChristianBentanke
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    IOTA: A Distributed Framework for Data-Driven Machine Intelligence

    Posted: 31 May 2018 02:01 AM PDT

    Elastos guide for the non-technical

    Posted: 31 May 2018 12:48 AM PDT

    Enigma Releases First Demo of Secret Contracts (Coded in Solidity)

    Posted: 30 May 2018 11:26 AM PDT

    PayFair has added support for Indian Rupees (INR): Now you can P2P trade ETH, OMG, TRX, BAT and several other tokens directly for INR!

    Posted: 30 May 2018 02:35 PM PDT

    Bitcoin's influence over cryptocurrency prices could end soon, says Ripple CEO

    Posted: 30 May 2018 02:30 PM PDT

    Binance is adding a TUSD/USDT pair ��

    Posted: 31 May 2018 02:22 AM PDT

    SHIELD Uncovers Verge (XVG) Deception

    Posted: 30 May 2018 09:00 PM PDT

    Trustnodes on Twitter - Ethereum Now Has 35 Million Unique Addresses, Surpasses BTC in Active Addresses

    Posted: 30 May 2018 09:34 PM PDT

    Polish Crypto Exchange, BitBay, Will Move to Malta

    Posted: 30 May 2018 10:13 PM PDT

    Iconomi releases Fiat Gateway

    Posted: 31 May 2018 03:08 AM PDT

    Q&A from Travala (AVA) - great read.

    Posted: 31 May 2018 12:18 AM PDT

    China’s President Xi Says Blockchain Part of New ‘Technological Revolution’

    Posted: 30 May 2018 07:00 AM PDT

    Komodo - Privacy, Smart Contracts, BarterDex

    Posted: 30 May 2018 10:50 PM PDT
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