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    Cryptocurrency Daily Discussion Megathread - July 30, 2018

    July 30, 2018

    Cryptocurrency Daily Discussion Megathread - July 30, 2018

    Daily Discussion Megathread - July 30, 2018

    Posted: 29 Jul 2018 10:51 PM PDT

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    submitted by /u/CryptoCurrencyMod
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    Vitalik on Twitter: "I think there's too much emphasis on BTC/ETH/whatever ETFs, and not enough emphasis on making it easier for people to buy $5 to $100 in cryptocurrency via cards at corner stores." Personally, I think both are necessary & we need to make crypto more accessible. What do you think?

    Posted: 29 Jul 2018 09:00 AM PDT

    China's largest crypto exchange Huobi enters Indian crypto space; Will it give a boost to the top coins?

    Posted: 30 Jul 2018 02:09 AM PDT

    Mighty Bull. I've traded some of my coins for this sculpture. I want it to remind me of a good run, but also serve as a monument to bulls of 2017-2018.

    Posted: 30 Jul 2018 02:33 AM PDT

    Li Xiaolai’s Blockchain Fund Denies Reports of Chinese Government Stoppage

    Posted: 30 Jul 2018 02:57 AM PDT

    Pantera Forecast: Bitcoin to hit $67,500 by 2019

    Posted: 29 Jul 2018 10:53 PM PDT

    Explanation of how OYSTER’s website monetization will work.

    Posted: 29 Jul 2018 08:39 PM PDT

    Explained, Part 3: Sharding in QuarkChain — State Partitioning

    Posted: 30 Jul 2018 02:09 AM PDT

    The Binance voting competition is one of the most retarded events in the crypto space.

    Posted: 29 Jul 2018 10:47 AM PDT

    The purpose and the motive seems OK at first. Project which has the best community gets to be listed free of cost by winning a vote, which otherwise costs, or is rumoured to cost, somewhere around $1 to $10m based on various factors.

    But what this event does is the exact opposite: It turns communities against each other and leads them into a cat fight across social media platforms.

    Currently there is a competition and it pits LibraCredits, NKN and Mithril amongst each other. While the vote continues, there is also a parallel disgusting smear campaign going on between these coins and their communities and developers, each blaming the other for vote rigging, some of the communities abusing the devs and founders, so on.

    The clear winner in this competition is none other than Binance itself. At the time of writing, there are around 1,719,930 total votes cast. Each vote requires 0.1 BNB. Thus, a total of 171993 BNB has been given back to Binance in the name of this voting competition, which amounts at current price to over $2.2m

    So what is billed as a free listing in fact already net Binance over 2M USD, and that is 2 whole days before the voting closes. If previous voting rounds are any indication, there is massive brigading during the last few hours and Binance can earn probably more than $5m from the whole competition.

    Previous voting events have resulted in controversy as well, one of the rounds last year had Vertcoin leading the votes comfortably with hours to go, however ZCoin had a huge surge of votes during the end won the vote. At that time, the ZCoin devs had publicly announced a monetary reward, paid in ZCoin to everyone who votes. Vertcoin community, of course angered by this complained to Binance who promised to disqualify cheating; however no such action was taken and ZCoin was listed on Binance.

    In the current vote as well, Binance has claimed it will investigate cheating; however it is hardly of any worry to Binance when they keep earning for each vote while the communities engage in a smear campaign to tarnish each other's image.

    Such a competition does nothing for crypto itself, apart from promote a herd like mentality that crypto is already well known for.

    submitted by /u/CryptoPujeet
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    What’s all the hype about block size, transaction speed, & scalability bottlenecks?

    Posted: 29 Jul 2018 10:37 PM PDT

    Largest bank in Australia (Commbank) uses Ethereum in global trade experiment

    Posted: 30 Jul 2018 03:18 AM PDT

    Pundi X Rolls Out POS Device to Help Asian Retailers Accept Crypto Payments

    Posted: 30 Jul 2018 01:13 AM PDT

    How Could Plasma Help Ethereum Scale Up?

    Posted: 30 Jul 2018 01:40 AM PDT

    In only 19 days more than 50,000 Steem users have connected their accounts to Byteball (despite 50-75% of funds locked by a 12 month smart contract)

    Posted: 30 Jul 2018 01:37 AM PDT

    Vitalik wants more real world adoption and accessibility, which companies are working to achieve that?

    Posted: 30 Jul 2018 03:01 AM PDT

    I know I see PundiX working to make PoS easier for cryptocurrency,especially in the Asian countries. Who else is doing things like this? I saw UTK partner with PundiX to bring their crypto payment platform to the masses also.

    Is this the solution that Vitalik is looking for or do you think he wants something different? Im just curious. Sorry this sounds like rambling lol!

    submitted by /u/deakster
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    Warning: HITBTC Exchange locking user accounts with no desire to process KYC.

    Posted: 29 Jul 2018 07:22 AM PDT

    Ledger launches HODL and RecoveryCheck apps for Ledger Live

    Posted: 29 Jul 2018 05:46 PM PDT

    Vitalik Buterin suggests new way to promote crypto adoption

    Posted: 30 Jul 2018 02:41 AM PDT

    Today is the last day to enter CyberMile's The Last Cube: The CMT Mining Rig.

    Posted: 29 Jul 2018 07:44 PM PDT

    Origin Trail (TRAC) - Trace Alliance

    Posted: 29 Jul 2018 02:19 PM PDT

    Gibraltar football team to become world’s first to pay players in cryptocurrency

    Posted: 29 Jul 2018 05:06 PM PDT

    "EOS is centralized, in a bad way." - BlockHaven

    Posted: 29 Jul 2018 11:47 AM PDT

    Anyone with the right judgement would see the major risks posed by EOS's governance system, that is the complete opposite of what a blockchain should be. Allowing a minority of insiders to control everything, including the investor's money is a major travesty and a disgrace to the idea of cryptocurrencies themselves. One can use Ripple as a comparison as an entity having a certain amount of control, but at least they are transparent with their code and do not allow transactions to be reversed or wallets to be frozen. What do you guys think ? Is it normal for an entity to have this much control in the cryptocurrency space ?

    Here is an interesting text that you guys might enjoy if you want to understand the mess behind EOS:

    https://www.blockhaven.ca/home/eos-is-centralized-in-a-bad-way

    If you liked this intervention, subscribe to their newsletter, it's free, they never spam and they plan on releasing many research reports in the future.

    submitted by /u/Ovitius
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    Cryptocurrency in Thailand: Major Cineplex ready to accept crypto payments

    Posted: 30 Jul 2018 03:33 AM PDT

    How Olaf Carlson Wee’s Fund Transformed $4 Million to $1 Billion in Crypto

    Posted: 30 Jul 2018 03:30 AM PDT

    What’s not a shitcoin?

    Posted: 29 Jul 2018 05:42 PM PDT

    Everyone keeps saying this or that is a shit coin. Either in response to someone's posts or comments.

    Without shilling, how do you really determine if something is a shit coin or not?

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    submitted by /u/PM_ME_LEFT_CHEEKS
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    HitBTC; Pathetic

    Posted: 29 Jul 2018 04:16 AM PDT

    r/hitbtc

    Hi, just wanting to put some pressure on the HitBTC trading platform as so far, theyre the worst platform i have come across. Now i know everyone says dont use them, but in the early days of my trading i wanted certain alts which they traded, hence me using them.

    IF ANYONE IS READING THIS AND IS NEW TO THE SCENE, DO NOT USE HitBTC, they will take your deposit, and keep it within their site without letting you withdraw when you desire, their customer support is appalling.

    I have been waiting for over 4 months to get IOTA and KMD from the exchange with no help from customer service (https://www.reddit.com/r/hitbtc/comments/8rdtii/disabled_withdrawals/)

    and even tried to contact devs to remove HITbtc from recommended exchanges on their website (https://www.reddit.com/r/komodoplatform/comments/8zdtta/kmd_hitbtc/)

    The only responses i have got from a HitBTC advisor is that the trading of these coins are still available, crazy thing crypto is about investment for me, i want them off your poxy hell hole of an exchange.

    I have been recommended by a KMD mod to post this here for some attention that might make hitBTC get a move on; this is not how it should work.

    Has anyone got any advise for me or others that have been waiting months to make their coins safe, other than don't use HitBTC?

    EDIT: If anyone has a second, https://www.reddit.com/r/hitbtc/comments/92ya0h/hitbtc_coins_stuck_in_limbo/ Please leave a comment to try and get hitBTC to actually do something, I'm just one person but I'm sure their are more individuals out there with a lot more on the line.

    submitted by /u/GoodGollyTea
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