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    Cryptocurrency Daily Discussion Megathread - May 9, 2018

    May 09, 2018

    Cryptocurrency Daily Discussion Megathread - May 9, 2018

    Daily Discussion Megathread - May 9, 2018

    Posted: 08 May 2018 11:13 PM PDT

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

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    submitted by /u/AutoModerator
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    New York Times Front Page Today In Case You Missed It!

    Posted: 08 May 2018 06:14 PM PDT

    Mind Blown: Reddit's CEO promoting Cryptos to Steven Colbert on The Late Show.

    Posted: 08 May 2018 10:13 AM PDT

    Edward Snowden warns against tribalism in Cryptocurrency

    Posted: 08 May 2018 09:42 PM PDT

    Vitalik eating salad

    Posted: 08 May 2018 10:21 PM PDT

    BCN - The Birth of a "Community"

    Posted: 08 May 2018 11:40 PM PDT

    Let's spread adoption. Spot a business accepting crypto? Put it on the map with CryptoFind app, help crypto grow as a currency and get rewarded.

    Posted: 08 May 2018 09:39 PM PDT

    The unique anonymity concept of Oyster (PRL) storage.

    Posted: 08 May 2018 11:56 PM PDT

    VeChain Medium: Defining the VeChainThor Blockchain Consensus — Proof of Authority

    Posted: 08 May 2018 09:24 AM PDT

    OmiseGO roadmap update

    Posted: 08 May 2018 09:51 PM PDT

    BCN - Read this dudes name..

    Posted: 08 May 2018 03:18 PM PDT

    Reddit to Reintroduce Cryptocurrency Payments with BTC, ETH, and LTC

    Posted: 08 May 2018 06:05 AM PDT

    CMC delist Bytecoin / BCN

    Posted: 08 May 2018 04:17 PM PDT

    Why the future of Ethereum is looking bright

    Posted: 09 May 2018 02:24 AM PDT

    7 must-read tips for participating in airdrops

    Posted: 08 May 2018 11:44 PM PDT

    Current BCN pump is a sophisticated pump and dump.

    Posted: 08 May 2018 04:14 AM PDT

    Just want to shine some light on what's happening with Bytecoin (BCN), as it is one of the more sophisticated pump and dumps.

    So let me first briefly tell you what happened. Earlier today BCN was trading at around 72 satoshi on both HitBTC and Poloniex, quickly increasing 30% when the news of the Binance listing came along. It opened on Binance at around 300 satoshi and over the past few hours the price has risen to 2320 satoshi on Binance, whereas the current price on HitBTC and Poloniex is at 190 satoshi. To put this into perspective, the circulating supply of BCN is 183,878,867,869 (taken from CMC), whereas the current price on Binance is 0.22$. This puts BCN on a market cap of 40 billion $; right on the third position, between Ethereum and Ripple.

    I've been following it closely and found that withdrawals from HitBTC and Poloniex were not working nor was the BCN webwallet. When checking their blockchain explorer we find that no new blocks have been mined for the past 2 hours. The trading on BCN started at 06:02 UTC and since that time only 46 blocks have been mined, containing a total of 997 transactions. The number of transactions that went through seems very small for a coin that just went up over 32x in a few hours.

    Thus most investors are not actually able to sell their BCN on Binance. The current BCN supply that's on Binance is very low and therefore it's easy to pump up the price, all the way up to 32x it's original price. This still caused a 150%+ surge on exchanges such as HitBTC and Poloniex.

    Not saying that the Bytecoin team is involved, but it seems very shady that their coin got listed at a time that (nearly) no one is able to move the token towards Binance. More importantly I think it's curious that Binance still listed a coin that is (nearly) impossible to move around and thus easy to manipulate. We've seen the same kind of pumps happening on coins that couldn't be moved around, for example Bitcoin Diamond.

    Of course, these things happen in unregulated markets. However I think that Binance should take a stance on this, as these kind of events hurt the reputation of the crypto markets. Especially the regular joe will get burned trading a coin like this.

    Edit: 11.5 hours after the trading started Binance finally came with an announcement regarding the deposit issues (read here). We as a community should let them know that this is definitely too late.

    submitted by /u/Satekroketje
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    People who hold Crypto for a year + have HUGE SACK.

    Posted: 08 May 2018 10:08 PM PDT

    You seriously have to have a big sack to dump money into this mostly unknown tech, and hold through all this Bullshit we put up with.

    After watching everyone lose 50% in a week, the charts to your crypro show a steady decline over 3 months, No normal person has the will to just say.

    "I'm holding because I know it fly back up eventually even if it takes 2 years"

    Normal people don't think like that. Lol. You have to have a lot of balls to be a long-term holder in cryptocurrencies. Emotionally its screwed up.

    The best way to do it is to just shut your brain off and really not give a shit if you lose all your money. That's what I do and it always pays off haha.

    submitted by /u/JuicySpark
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    Binance will support TRX MainNet Token Swap on June 21st

    Posted: 08 May 2018 08:23 PM PDT

    Florida is now live on Robinhood

    Posted: 08 May 2018 12:29 PM PDT

    Pokemon Badges Cryptocurrency

    Posted: 09 May 2018 03:22 AM PDT

    PolySwarm released Alpha version. AMA with Steve Bassi, PolySwarm CEO

    Posted: 08 May 2018 11:26 PM PDT

    Ark core V2 at 71% - New sections added.

    Posted: 08 May 2018 12:50 PM PDT

    Warning about Bytecoin (BCN) and it's history.

    Posted: 08 May 2018 04:36 PM PDT

    Don't forget that BCN was pre mined with estimates up to 80%+ of supply at that time.

    Also BCN was exploited using the double spending bug last year while the patch applies only after Bytecoin block 1267000 , so those double-spend transactions are still in the Bytecoin blockchain and have artificially inflated the supply.

    This exploit was done AFTER PRIVATE disclosure from XMR team.

    Detectives can figure the rest out...

    DYOR

    Get rid of the racoons in this space. METAGAME

    more sources: https://np.reddit.com/r/xmrtrader/comments/6bvg71/bytecoin_pump_caused_by_someone_exploiting/

    http://shellcode.se/hacking/bytecoin_exploited/

    submitted by /u/afoodist
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    Owner of New York stock exchange to set up Bitcoin [BTC] exchange

    Posted: 08 May 2018 02:34 PM PDT

    Credit Cards are just meant to keep the 1% in power. Crypto disrupts that and puts the target on Visa, MasterCard, and more.

    Posted: 08 May 2018 05:18 PM PDT

    Don't be like Jim.

    Posted: 09 May 2018 01:01 AM PDT
    Read more
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