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    Cryptocurrency Daily Discussion Megathread - July 5, 2018

    July 05, 2018

    Cryptocurrency Daily Discussion Megathread - July 5, 2018

    Daily Discussion Megathread - July 5, 2018

    Posted: 04 Jul 2018 11:18 PM PDT

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

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    submitted by /u/CryptoCurrencyMod
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    Phil Helmuth repping VeChain and Decent.bet at the WSoP

    Posted: 04 Jul 2018 06:06 PM PDT

    Introducing Waltonchain's WTC-Garment system, the world's first blockchain-based high-end clothing authenticity traceability system.

    Posted: 05 Jul 2018 04:01 AM PDT

    Chinese Bitcoin Billionaire Li Xiaolai Secretly recorded outing many big names in Crypto. | Asia Crypto Today

    Posted: 05 Jul 2018 02:42 AM PDT

    Financial markets are quickly changing to adjust to new technologies and investor proclivities. Even banking giant Goldman Sachs is said to be getting in on the crypto action. This comprehensive ecosystem is diverse, and new platforms are helping it to thrive

    Posted: 04 Jul 2018 11:21 PM PDT

    Binance Coin is all set for its upcoming coin burn this month

    Posted: 05 Jul 2018 12:49 AM PDT

    South Korea starts blockchain classification system, recognizes crypto exchanges as industry

    Posted: 05 Jul 2018 02:05 AM PDT

    Since we started accepting Bitcoin as a form of payment three months ago, our sales have jumped a whopping 427%; a sincere thank you to this community.

    Posted: 04 Jul 2018 08:41 AM PDT

    Malta Passes Blockchain Bills Into Law, ‘Confirming Malta as the Blockchain Island’

    Posted: 04 Jul 2018 07:42 PM PDT

    Malta officially legislates a regulatory framework for Distributed Ledger Technologies. Maltese prime minister in full support of blockchain.

    Posted: 04 Jul 2018 02:23 PM PDT

    THEKEY, a historical breakthrough by being the first ever to use the blockchain technology to improve the lives of magnitudes of populations in social insurance.

    Posted: 05 Jul 2018 01:57 AM PDT

    How India choked its cryptocurrency ecosystem to near-death

    Posted: 05 Jul 2018 12:51 AM PDT

    Nobel prize winning economist Paul Krugman trolls two big cryptocurrencies

    Posted: 05 Jul 2018 04:15 AM PDT

    New EU report comes to the rescue! Hope this helps market.

    Posted: 05 Jul 2018 03:33 AM PDT

    Whale statue uses cryptocurrency to spray water!!

    Posted: 04 Jul 2018 09:54 PM PDT

    The era of NEO decentralization

    Posted: 04 Jul 2018 06:46 AM PDT

    Beware: Mainframe (MFT) listing on Binance with the new Chinese ICO Hustle Technique

    Posted: 05 Jul 2018 01:28 AM PDT

    Check it out, a new non-Chinese coin running the Chinese ICO hustle pioneered by IOTEX and Quarkchain; Mainframe (MFT). These guys are taking it even further and selling zero of their coin at public sale; they only sold in private sales (guaranteeing these early investors profits in the Binance dump). They have been pumping the price on IDEX to obscene levels just like the other coins and when this thing goes live with the real liquidity on Binance they are going to dump all over the unsuspecting retail investors. These day1 Binance listing coins are basically straight up scams. Please do yourself a favor and check out Quarkchain's daily graph since it listed on Binance. It has been tanking every day. If you bought QKC on day 1 you would be down over 85% on your investment.

    Don't let MFT steal your money. Beware of this ICO pump and dump these new coins are running where they restrict liquidity, pump the price on IDEX and small exchanges (buying their own coins), and then list on Binance day 1 and dump huge when liquidity comes online at inflated prices. They make way more this way than they would in a proper ICO; especially in the 2nd half of 2018 where people aren't really buying ICOs and none of them are hitting their caps.

    Don't get scammed.

    submitted by /u/XRballer
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    Dash had a planned instamine - It was no accident. Today, the founders hold a huge amount of the Masternode Network and continue to reek profits off those who don't know.

    Posted: 04 Jul 2018 09:47 AM PDT

    I'm going to start this thread with a tl;dr and a few sources to back everything up. Then, I will go into detail and recreate a thread /u/dnale0r posted a few years back.

    .

    1. The founders of Dash could hold up to 25% of all current Dash in existence [1] [2] [3]
    2. The founders decreased the max circulation to give them a larger % hold on the network [1] [2]
    3. Masternodes were created to allow the founders to continue gaining from their instamine [1] [2]

    And for completeness' sake, Dash Admitting the Instamine Happened (Just so the trolls can't deny it)

    .

    .

    The Timeline

    • Dash founder, Evan Duffield trying to hire Bitcoin devs for a "For-profit startup" (AKA they are going to make $$) (Edit: The reason I brought this to light is because Evan went on to say he was just doing this as a side-project and therefore had no incentive to do anything malicious)

    • 2 months later Dash (known by a different name back then) announces there are some issues and they will not launch in the next couple hours

    • Dash Launches an hour later

    .

    .

    Proof of instamine

    Look at these beautiful graphs that show how much Dash was being mined at the beginning.

    4 hours after launch, 1 million Dash was mined

    2 days after launch, 2 million Dash were mined, then growth very abruptly plateaus.

    .

    The part that doesn't add up

    So here we have a coin, that no one really cares about because there was little information about it at the time, so you would obviously want to let as many people use it as you can.

    Except Evan only made the coin mineable on Linux.. Which is a bit odd seeing as in January 2014, only 1.13% of computers ran Linux in any form.

    .

    The Bombshell

    From the List of nodes that were mining Dash at the very beginning, it turns out 50 OF THEM were Amazon AWS and another 50 where Microsoft cloud computing. This makes up 100 out of 124 miners on the Dash network at the time - And considering how many shitcoins are out there, who would have the foresight to set up 100 cloud computers to mine the coin? (this source suggests 115/124 were cloud hosted)

    .

    I can go on for a long long time but everything left I have to say is in the many sources I left behind. I'm cutting it short here and letting everyone come to their own conclusions.

    And by the way, there are some very honest and legitimate Dash supporters. I was discussing the instamine with one of them a couple days ago and he was very passionate about the project - Don't hate the community, hate the coin.

    Peace xo

    Edit: I'm working on giving the other side of the story in the comments, this time attacking Monero. Stay tuned

    Edit2: Is Monero the Culprit?

    Edit3: I seem to have offended a lot of Dash friends. Hopefully one day they'll try to back up their claims instead of trying to discredit my sources.

    Edit4: This is a story well known to Dash friends, so don't be surprised if all the comments are just people shilling Dash. That's the reason I posted this, and hopefully next time someone brings up Dash you'll be equip with knowledge and won't fall for it.

    Edit5: I've never seen tempMonero lose his shit before

    submitted by /u/OsrsNeedsF2P
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    China scandal: crypto billionaire bashes 'fraud' Binance, 'shitcoin' NEO and 'scam' QTUM in leaked recording

    Posted: 05 Jul 2018 03:16 AM PDT

    Thekey revolution - fyi in case you are interested.

    Posted: 05 Jul 2018 02:22 AM PDT

    Assuming an imminent recession, how will crypto fair?

    Posted: 04 Jul 2018 08:23 PM PDT

    I've heard multiple arguments on this topic in the past. But would like to hear what you guys think about this topic at the current juncture.

    Assuming the US and possibly the western world enter a recession in the coming years, so you think crypto will become a safe place to store wealth since it won't be an inflation target.

    Or, so you think that people will refrain from investing in crypto because it's seen as a risky and speculative asset and having cash on hand is far more desirable?

    submitted by /u/oojacoboo
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    Japan's Top Regulator to Change Crypto Laws

    Posted: 04 Jul 2018 11:31 PM PDT

    Qubic status update July 3rd 2018 – IOTA

    Posted: 04 Jul 2018 09:44 AM PDT

    Market just jumped for $6.5B in the last 5 minutes

    Posted: 04 Jul 2018 06:31 AM PDT

    Crypto Exchanges Are Already Adapting to India's Bank Account Ban

    Posted: 05 Jul 2018 12:19 AM PDT
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