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    Cryptocurrency Daily Discussion Megathread - June 29, 2018

    June 29, 2018

    Cryptocurrency Daily Discussion Megathread - June 29, 2018

    Daily Discussion Megathread - June 29, 2018

    Posted: 28 Jun 2018 11:14 PM PDT

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    submitted by /u/CryptoCurrencyMod
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    Shatcoin

    Posted: 28 Jun 2018 07:49 PM PDT

    BAT's Brave browser releases first TOR private tabs. Yes, Tor and .onion (decentralized deep web) in a tab

    Posted: 28 Jun 2018 09:54 AM PDT

    Official announcement (with screenshots/video; text below): https://brave.com/tor-tabs-beta/

    CNET coverage: https://www.cnet.com/news/brave-advances-browser-privacy-with-tor-powered-tabs/

    Brave Introduces Beta of Private Tabs with Tor for Enhanced Privacy while Browsing

    Today we're releasing our latest desktop browser Brave 0.23 which features Private Tabs with Tor, a technology for defending against network surveillance. This new functionality, currently in beta, integrates Tor into the browser and gives users a new browsing mode that helps protect their privacy not only on device but over the network. Private Tabs with Tor help protect Brave users from ISPs (Internet Service Providers), guest Wi-Fi providers, and visited sites that may be watching their Internet connection or even tracking and collecting IP addresses, a device's Internet identifier.

    Private Tabs with Tor are easily accessible from the File menu by clicking New Private Tab with Tor. The integration of Tor into the Brave browser makes enhanced privacy protection conveniently accessible to any Brave user directly within the browser. At any point in time, a user can have one or more regular tabs, session tabs, private tabs, and Private Tabs with Tor open.

    The Brave browser already automatically blocks ads, trackers, cryptocurrency mining scripts, and other threats in order to protect users' privacy and security, and Brave's regular private tabs do not save a user's browsing history or cookies. Private Tabs with Tor improve user privacy in several ways. It makes it more difficult for anyone in the path of the user's Internet connection (ISPs, employers, or guest Wi-Fi providers such as coffee shops or hotels) to track which websites a user visits. Also, web destinations can no longer easily identify or track a user arriving via Brave's Private Tabs with Tor by means of their IP address. Users can learn more about how the Tor network works by watching this video.

    Private Tabs with Tor default to DuckDuckGo as the search engine, but users have the option to switch to one of Brave's other nineteen search providers. DuckDuckGo does not ever collect or share users' personal information, and welcomes anonymous users without impacting their search experience — unlike Google which challenges anonymous users to prove they are human and makes their search less seamless.

    In addition, Brave is contributing back to the Tor network by running Tor relays. We are proud to be adding bandwidth to the Tor network, and intend to add more bandwidth in the coming months. Our relays can be viewed at: https://metrics.torproject.org/rs.html#search/family:FBC2856A48705F3ED17E504F8FC89EC6433ED25D

    Since Brave's implementation of Private Tabs with Tor is currently in beta, there are still some known issues and leakswhich we intend to fix in future versions. We welcome developer contributions to our Private Tabs with Tor feature via GitHub, and look forward to releasing updated versions in the coming weeks. We also plan to include support to choose exit node geolocation in the future. For users who currently require leakproof privacy, we recommend using the Tor Browser, which provides much stronger and well-tested protection against websites or eavesdroppers using advanced techniques to uncover a true IP address.

    We're excited about providing our users with a new way to protect the privacy of their browsing habits, especially as more sites and advertisers are using tracking techniques and abusing user trust. Our user-first approach aims to standardize a privacy-by-default model that gives users ownership of their data and online experience, and Tor integration via Private Tabs vastly contributes to our platform.

    Note: In addition to Private Tabs with Tor, Brave 0.23 features an updated icon set, refinements to the primary toolbar styling and dimensions, adjustments for tab previews, and usability improvements in the title-mode feature of the URL bar. Brave 0.23 also includes improved compatibility with Google's suite of productivity tools, which now work better with Brave's default Shield settings.

    submitted by /u/bat-chriscat
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    Australians, you need to start buying as much crypto as you can.

    Posted: 29 Jun 2018 01:07 AM PDT

    I'm Australian, this isn't meant to be an alarmist or sensationalist post, but the economic situation in our country is a lot more serious than most of us think.

    First off, the current economic situation.

    Simply put, our economy is fucked. Our housing market is dangerously overleveraged and because of policies by our government at the time, we never experienced the correction the US and most of the rest of the world did during the 2008 Global Financial Crisis. And now the chickens are coming home to roost. Australians are up to their eyeballs in debt, almost half of the housing loans are interest only, it's the reason the Reserve Bank of Australia hasn't raised the interest rates since 2016. Because as soon as they do, even by 0.01%, tens of thousands of Australians are going to default on their mortgages. It's no secret that our housing market is one of the most expensive in the world, and anyone living in our country already knows this. The market value of Australian homes is 4 times the GDP of the country. Our housing market is beyond the point of saving and the bubble is about to pop. And while our mainstream media is trying to convince us that it will deflate slowly, history paints a different picture.

    And that's just the start of our problems. It's no secret that China is our biggest trading partner. We rely on China more than any other developed country in the world. And what is currently happening on the greater global stage? Our most important military ally has engaged in a trade war with China, and the effects of that trade war are starting to be felt. Chinese stocks are in freefall, and that's only going to be the beginning of the negative effects from Trump's hardline approach to dealing with China. It doesn't take a genius to see that this is going to have a devastating effect on our economy.

    Our biggest trading partner is having a financial gunfight with the USA, which is going to result in them buying less of our stuff. And still that isn't the end of it. Mining is down. Commodities prices are down. Our manufacturing sector is almost dead. The only thing we have going for us at the moment is agriculture and that can't prop up the entire economy. You wanna turn white? Read this article from last year. Our economy is teetering on the precipice.

    You think I'm being dramatic? Well even the Australian MSM can no longer ignore it. With articles like this appearing almost on the daily. Our dollar is in serious trouble, anyone who knows the slightest bit about TA go look at the graphs in that article. Our country is in serious economic trouble. And we don't know shit about it because our media is a duopoly that makes most of its money from their real estate arms. All signs are pointing to our dollar about to be worth a hell of a lot less than it currently is.

    What can we do?

    Since this is the crypto subreddit the solution to this impending economic shitstorm should be painfully obvious. Buy fucking Bitcoin. Not the solution for the country, for you. The country isn't going to do shit for anyone of us except saddle us with debt and a cooked economy that is going to take generations to get out of, if ever. So we should be diversifying. Sure buying gold probably isn't a stupid idea either, but if you think that is proof against state intervention, read a history book. Even then, gold still needs to be converted into cash to be useful, and anyone paying attention can see that Australia is gearing up for a war on cash that borders on tyrannical. The only way for us as individuals to protect our wealth at the moment is to convert it into cryptocurrency.

    But Bitcoin is low at the moment!

    No shit. But if you think it's going to stay that way you are 1. In the wrong subreddit, and 2. No paying attention to the macro factors of crypto. Wall St is gearing up to enter. The bank that runs the world is getting involved. And not just American banks. Bitcoin may be low now but if you know anything about market cycles, you know that it'll be back. Here is a good comparison of BTC a few years ago as opposed to now. It's almost at the point where it's irresponsible not to be buying bitcoin, and I'm not the only one that holds this opinion. Worst case scenario, bitcoin falls to USD 3k. What do you think is going to happen after that? Bitcoin and crypto aren't going anywhere and you're kidding yourself if you think that the value of bitcoin isn't going to be much higher in the years to come.

    Of course the RBA is telling people that Bitcoin is dead, probably because they don't want Australians to dump their soon to be worthless fiat currency. In fact one any given day you'll see a bunch of anti-crypto propaganda on our MSM. The same MSM that has been telling us all to buy as many houses as we can for the last 20 years. The same MSM that up until now hasn't said shit about the direction our economy is heading in.

    The writing's on the wall people. If we keep our wealth in AUD it's going to be worth considerably less sooner rather than later. Our property sector is going to crash, our dollar is going to crash, our personal wealth is going to be stripped away from us. If you want to avoid this, if you want to protect your wealth, ensure a future that isn't financial hardship, then we really only have one choice. Buy bitcoin. Personally I am converting half my pay each week into BTC and just holding it. Not putting it into alts. Just btc. I'd advise you do the same as well. I understand that this sounds super risky. But if you read the articles I've linked to in this post I'm sure you'll see that the only risky move is doing nothing. This isn't a joke or a false alarm. The notion that our economy has always been fine up until now isn't valid anymore. If you want to protect your personal wealth and purchasing power in the next few years, you really should be buying as much btc as you can while it is this low. This is what crypto is for, avoiding the negative financial downturns of specific countries. It's a globally traded commodity that is accessible by anyone with a computer. Our economy tanking isn't going to affect the price one bit.

    I hope some of this has been useful. Listen to me, don't listen to me, it's your choice. But this is the digital age, there's no excuse for ignorance anymore.

    submitted by /u/Sendmyabar
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    EOS project in one picture

    Posted: 29 Jun 2018 02:10 AM PDT

    China’s Alibaba embraces blockchain based remittance service

    Posted: 29 Jun 2018 01:50 AM PDT

    [Request Network] ERC20 cryptocurrency payments are now also supported for users of WooCommerce and Shopify

    Posted: 29 Jun 2018 01:56 AM PDT

    eBay and Foxconn Join the Enterprise Ethereum Alliance

    Posted: 28 Jun 2018 03:31 PM PDT

    "Blockone has decided to take over EOS BP voting by using their 10% stack of 90mn tokens. The current winning range of votes for BPs is 29-49mn. So, blockone can now singlehandedly pick the BP list." A voting/governance system like this is a charade �� Blockone is kingmaker.

    Posted: 28 Jun 2018 05:47 PM PDT

    Japan’s most popular chat app (200 million users worldwide) confirmed the July launch of its cryptocurrency exchange called Bitbox

    Posted: 28 Jun 2018 08:40 PM PDT

    How Long is this Crypto Winter? Putting the Bitcoin Crash into Perspective

    Posted: 29 Jun 2018 02:29 AM PDT

    Cryptocurrency exchange Coinbase opens Portland office, plans to hire 100 employees

    Posted: 28 Jun 2018 11:01 AM PDT

    Indian Women More Bullish On Crypto than Men, Invest Twice As Much

    Posted: 28 Jun 2018 08:50 PM PDT

    Mike Novogratz on virtual item trading and what to look out for in the next 6months

    Posted: 29 Jun 2018 03:43 AM PDT

    "In the next six months, $wax will amaze. I am constantly amazed at the size of the gaming world. It dwarfs the crypto world right now. We invested because we see this as a powerful intersection."

    Pretty bold statement there https://twitter.com/novogratz/status/1012644478379855872

    Thoughts?

    submitted by /u/KeyR1
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    I thought there would be limbos!

    Posted: 28 Jun 2018 10:17 PM PDT

    Wish I watched it when it aired.

    Posted: 28 Jun 2018 03:34 PM PDT

    When negotiations for cross promotion goes wrong...

    Posted: 29 Jun 2018 03:05 AM PDT

    I run a small airdrop website. I do not want to post a link so that this doesn't looks like self promotion.

    Recently some company approached me with intentions for cross promotion. Also I do not want to mention that company, because I think that I cannot blame the whole company because 1 person.

    I offered them a premium spot on the high part of the all pages on my website. And they offered me tokens to be used on their platforms. After the Skype meeting with 2 guys, I continued the chat discussion with the other guy. He explained me that I can create a tasks on theirs platform, in example 10 tokens for following my Twitter/Telegram. Then I have asked him how are they verifying if users have actually done that actions. This issue is very interesting to me cause we are trying to do some similar thing on our platform. He explained me that they are doing it through google forms and manual verification. After asking if I can post that task, he told me to contact 1st guy on Telegram. I was trying to figure how to get a measurable and real value from their tokens. And the value was not big. Around $100 by theirs token evaluation.

    After asking those question, that 1st guy started to be unpleasant. Here is the transcript, with masked names, cause I really don not want to bash the whole company. It is pretty long... :

    https://imgur.com/pIQQ0rf

    Basically the guy started to attack me that I'm a grabber, selfish which ended with insults and semi threats.

    I do not know why I'm posting this, perhaps I need to get it out of my system. But I feels kinda shitty...

    submitted by /u/scratch82
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    Regulation is coming to Cryptocurrencies by the G20 Countries.

    Posted: 29 Jun 2018 02:33 AM PDT

    G20 chose July deadline for the first step toward unified regulation of cryptocurrency.

    Meeting Dates

    July 30–31, 2018 — Buenos Aires, Argentina

    G20: 2nd Meeting of the Task Force on Digital Economy

    3rd Meeting of Finance Ministers and Central Bank Governors

    Buenos Aires From 21 July 2018 to 22 July 2018

    G20 points to Financial Action Task Force (FATF) — an intergovernmental body formed to fight money laundering and terrorist financing — to cryptocurrency, for recommendations on how to regulate digital assets within each country.

    "We commit to implement the FATF standards as they apply to crypto-assets, look forward to the FATF review of those standards, and call on the FATF to advance global implementation. We call on international standard-setting bodies (SSBs) to continue their monitoring of crypto-assets and their risks, according to their mandates, and assess multilateral responses as needed."

    Though during the last meeting it was noted that cryptocurrencies are less of a treat . — "Cryptocurrencies make up less than 1 percent of the global gross domestic product (GDP), he said, while credit default swaps were equal to the global GDP in 2008"

    below are some the FATF Recommendations though this recommendations are since 2014 , I find them valid till today.

    "When assessing the ML/ TF risk of convertible VC, the distinction between centralised and decentralised VC will be one key aspect. Due to anonymity and the challenges to conduct a proper identification of the participant, convertible decentralised VCPPSs in general may be regarded of higher risk of ML/FT which would require the application of enhanced due diligence measures. " "According to this risk assessment, countries should decide to regulate exchanges platforms between convertible virtual currencies and fiat currencies (i.e., convertible virtual currency exchangers). Some countries may decide to prohibit VC activities, based on their own risk assessment (including, e.g., uptake trends) and national regulatory context in order to support other policy goals not addressed by this Guidance (e.g., consumer protection, safety and soundness, monetary policy). Where countries consider prohibiting VCPPS, they should take into account, among other things, the impact a prohibition would have on the local and global level of ML/TF risks, including whether prohibiting VC payments activities could drive them underground, where they will continue to operate without AML/CFT controls or oversight. Regardless of whether a country opts for prohibiting or regulating VCs, additional measures are useful to mitigate the overall ML/TF risk. If a country decides to prohibit VC activities, additional mitigation measures would include identifying VC providers that are operating illegally in their jurisdiction and applying proportionate and dissuasive sanctions to them. Prohibition would still require outreach, education and enforcement actions by the country. Countries would also need to take into account the cross-border element of VCPPS in their risk mitigation strategies. " Here FATF recommends differentiating between centralized and decentralized virtual currencies and insisting on very strict AML/CFT rules for exchanges, and they warn against outright ban due to anonymity and the challenges to conduct a proper identification with VC,which might escalate underground activities and are hard to regulate.

    1. "countries should consider undertaking short- and longer-term policy work to develop comprehensive regulation of VCPPS if widespread adoption of VC occurs."

    2. "directs countries to register or license natural or legal persons that provide MVTS in the country, and ensure their compliance with the relevant AML/CFT measures. " Money Value Transfer System, this is a red flag for Tether/bitfinex might have issue here the will need to be registered and licensed. "Because convertible VC exchangers that transfer value digitally, via the internet, are not subject to territorial boundaries and generally offer VCPPS to persons in countries in which they are not physically present, it is very important that all home countries apply domestic licensing or registration requirements when required by the FATF Recommendations. For the same reasons, proper oversight by the home jurisdiction and adequate cooperation and information exchange between competent authorities between jurisdictions where the entity provides services is of high importance. "

    Conclusion:

    Outright ban will likely not happen having had FATF advise against it, but like we are already see in South Korea and Japan , strict KYC , ML, and TF rules are to be expected at all levels of exchange .The treat of VC is in its decentralization and anonymity, so Governments wouldn't want to escalate things by not handling them properly.

    That said the sell off since march might be due to the expected outcome of this meeting, in other words, there might be some relief or hysteria due to the outcome of the meeting , probably why the sell-off is happening.

    Reference https://medium.com/@ekeneobi/regulation-is-coming-to-cryptocurrencies-by-the-g20-countries-6da332e42832

    https://www.coindesk.com/g20-calls-crypto-regulation-recommendations-july/

    https://www.fatf-gafi.org/media/fatf/documents/reports/Guidance-RBA-Virtual-Currencies.pdf

    Table of Acroynms

    VCPPS VC payment products and services VC Virtual currency ML Money laundering TF Terrorist financing CFT Countering the financing of terrorism MVTS Money Value Transfer System

    submitted by /u/Ekene3tconcept
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    Bitcoin Falls to a Yearly Low of $5,800: Factors and Trends

    Posted: 29 Jun 2018 12:03 AM PDT

    Here are the 3 best ways to spend your precious cryptocurrencies today

    Posted: 29 Jun 2018 12:48 AM PDT

    Great news: Cryptocurrencies are Now a Legitimate Industry in Korea.

    Posted: 28 Jun 2018 06:34 AM PDT

    Capitulates are getting fleeced.

    Posted: 29 Jun 2018 12:48 AM PDT

    Never before has there been so much action in the crypto space. Headline after headline of small pockets of adoption, spurning of scams and court decisions providing outlines and infrastructure for your favorite projects.

    What takes the greater share of the limelight are the detrimental opinions. "Bitcoin at all time low!" "Can Bitcoin hang on?" "Crypto trader projects 5350 bottom!"

    Pages of this mess in the search engines. There is outside pressure being added to get you to sell and it's working however volume is slowing. Combine that with the swelling of USDT and you have the makings of a market that is merely waiting in the wings. Will be interesting when the floodgates open, to say the least.

    submitted by /u/McMallory
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    Bitcoin Faces Fresh 2018 Lows After Close Below $6,000 Support

    Posted: 29 Jun 2018 03:11 AM PDT

    ‘Whale’ Moves 48,000 Bitcoin for 4 Cents in Fees As Scaling Solutions Develop

    Posted: 28 Jun 2018 12:03 PM PDT

    My friends and I got into crypto in 2017, I made some coins to keep us HODL

    Posted: 29 Jun 2018 03:39 AM PDT

    Tether is about to surpass BTC in daily volume. Why are we backing the USD by proxy?

    Posted: 28 Jun 2018 03:35 PM PDT

    I though we were supposed to be moving away from fiat? Instead, in a few short months they have managed to gain a near majority in daily volume and align it to USD. We are literally handing over our crypto $1 at a time to this US based cartel of elites.

    Every 1 tether is backed by $1 (ie they essentially give you the value of $1 for each 1 tether you own), so by moving volume from crypto into tether you're just selling off the entire crypto market for fiat, $1 at a time. Why are people so stupid to fall for this crap? It's a deliberate action to drain the entire crypto market cap while they also intentionally manipulate the market to get the price of crypto as low as possible to get the best bang for their buck.

    Why the fuck would anyone want crypto backed by fiat? Who are these morons pumping the volume?

    submitted by /u/xanhugh
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