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    Cryptocurrency Daily Discussion Megathread - August 10, 2018

    Cryptocurrency Daily Discussion Megathread - August 10, 2018


    Daily Discussion Megathread - August 10, 2018

    Posted: 09 Aug 2018 11:23 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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    Volkswagen Group confirms working on real use-cases for their cars, using Bitcoin, Ethereum, IOTA

    Posted: 10 Aug 2018 02:31 AM PDT

    15 Year Old Kid Hacks John McAfee's 'Unhackable' Cryptocurrency Hardware Wallet! Plays DOOM on The Device

    Posted: 09 Aug 2018 06:46 AM PDT

    To all the bag holders quitting Crypto, remember - Tom Randolph on Twitter

    Posted: 10 Aug 2018 12:28 AM PDT

    So are we all just going to ignore that dApps are a meme that nobody cares about?

    Posted: 09 Aug 2018 05:10 PM PDT

    We're all here because we believe "crypto is the future". It's going to disrupt the finance system as we know it, right?

    The truth is we are all here to make money. Stop lying to yourself.

    Please look at the amount of users who actually use dApps:

    https://www.stateofthedapps.com/rankings

    OmiseGo

    • Raised $25M in ICO
    • 415 Daily Active Users

    Bancor

    • Raised $153 million in ICO
    • Claimed they were "hacked" for $13.5 million last month (inside job)
    • 334 Daily Active Users

    Status

    • Raised $64 million in ICO
    • 107 Daily Active Users

    Kyber Network

    • Raised $60 million in ICO
    • 84 Daily Active Users

    Augur

    Decentraland

    • Raised $24 million in ICO
    • 20 Daily Active Users

    I know what everyone is going to say:

    You don't understand. The technology is still in its infancy. They are at the beginning stages. You have to just give it time for it to grow. We are like the internet in 1995.

    Right, this same meme we have heard time and time again. If any of you have actually developed and released an app on the AppStore or the Play Store, these numbers are absolutely abysmal. It is mind-blowing how so much money was thrown at these projects, and a year later, this is the output and numbers to show for the amount of money raised. This is insane.

    Seriously. Even with $10,000-50,000 or so, you could EASILY run a social media campaign and get WAY more users. Where has all this money gone?

    The reason why we are in a bear market and will continue to be is because at the current stages, cryptocurrency and its usage has NO ADOPTION. NOTHING. All these threads you see on here are complete nonsense.

    "So and so believes it is the future"

    "Bitcoin ATM spotted in bumfuck Alaska!"

    "So and so is considering using blockchain technology"

    By the way, "so and so" considering using blockchain means (THEY ARE NOT GOING TO BE USING YOUR SHITCOIN)

    So, I am a bagholder of shitcoins just like all of you. But in 2018, no one has delivered.

    You guys are sitting here thinking,

    when next bullrun, we bull run now? we bull?

    Bull runs only happen when it is UNEXPECTED and we do not know what the outcome is or when the endpoint is. This is what causes the continued FOMO, because what is the top?

    In this case we know the top is BTC at 20K. And we all have bags. And we all are now going, if this EVER goes on a run to 10K, I'm dropping my bags and rebuying. Guess what, if everyone is thinking like that, and there is no new money coming in, where is this bull run going to come from?!

    You cannot expect a bull run is going to happen just because you want your bags to go up. Who is going to buy those bags, when every single shitcoin has not proven ANYTHING?

    Maybe tomorrow or later this year, we will start to see some improvements. I honestly hope so. I want this all to thrive. But we have to get our heads out of the sand and realize what's going on. These projects got millions and millions in funding, underdelivered, and DUMPED their Ethereum for MILLIONS OF DOLLARS. MILLIONS OF DOLLARS. While we baghold miserably waiting for other chumps to buy our coins (which as you can see, have 0 value).

    At the same time, these projects can't be held accountable because it is unregulated. We have no idea what they are doing with the funds. And they have barely any users.

    So, if we can have an actual discussion about what should happen. Where is this supposed to pivot to and where should our focus be?

    submitted by /u/Douevencrypto
    [link] [comments]

    Bosch Software Innovations "the company wishes to intensify its collaboration with the IOTA Foundation"

    Posted: 09 Aug 2018 04:56 PM PDT

    An Exhaustive Guide to Buying Cryptocurrencies (anywhere in the world)

    Posted: 09 Aug 2018 11:43 PM PDT

    Brazil Presidential Candidate Amoedo want to make Bitcoin legal currency

    Posted: 09 Aug 2018 08:37 PM PDT

    /r/CryptoCurrency, I need your help. The B-Ex.io exchange is selectively scamming users who deposit large amounts. DO NOT MOVE YOUR FUNDS THERE.

    Posted: 09 Aug 2018 11:47 AM PDT

    Hey /r/cryptocurrency,

    I recently found out about B-Ex.io recently and decided to make an account there. I decided I wanted to sell some tokens and tether up for a little during this bear market, and they had volume/buy orders for the token I wanted to sell. So I deposited almost my entire crypto stash of tokens onto their exchange (over $70,000 worth). I won't state the coin/token I was trading. I apologize if this isn't that coherent - I am still kind of freaking out about this.

    The first odd thing I noticed were all the fake buy orders. When I tried to sell my tokens to the buyers, it just didn't do anything. My account balance stayed the same, and the buy orders just "vanished." Ok, whatever - lots of exchanges have fake volume and fake orders when they start out. So I placed some a bunch of open sell orders on the exchange and didn't think much of it. My account balance was still valued at just over 10 BTC.

    The next day when I logged into my account, I found that my account balance had randomly dropped from 10 BTC worth of tokens to 6 BTC worth of tokens. The exchange had removed all my open orders from my account and was now selling them on the market as their own. The tokens had completely vanished from my account.

    I realized what could possibly be happening and cautiously decided to withdraw my remaining 6.5 BTC-worth of funds - about $50,000 USD worth. I had a feeling they would not want me doing this, so I took a TON of screenshots of everything I did just be on the safe side. Trying to withdraw my tokens at first caused an error - you could not add a withdrawal address at all. I contacted the token project founder, who contacted the exchange and had them fix this. I then carefully added my lone withdrawal address to my account and submitted a withdrawal. I got a message that my withdrawal would need to be "approved manually". Figures.

    Several hours later I see the withdrawal went through on the blockchain, but NOT to the withdrawal address on my account, of course. It went to some random address. I had been on the exchange all day waiting to see what they would do and watching for odd behavior. For the entire day after I submitted my withdrawal, I only had one withdrawal address listed on my account and took screenshots of this to be sure. I found they added a SECOND withdrawal address to my account right when the withdrawal was approved. I knew exactly what they were going to do - try to blame me as "accidentally" adding the wrong withdrawal address to my account, then claim there was nothing they could do as it was my mistake.

    So now, they have 20k USD worth of tokens in their main exchange account that they will claim are theirs and never existed in my account (my open orders), and another 55k worth of tokens on an address that they will claim they have no access to. When I called them out by showing them all my screenshots of my withdrawal page and such, they immediately stopped answering me.

    I have been in crypto for over 6 years and NEVER keep my funds on exchanges except to make trades - I always remove my coins/tokens as soon as I'm done. I'm extremely cautious. I saw Mt. Gox, Bitgrail, and tons of other exchanges go down but the difference is that there were hacks/they were insolvent. In this case, B-Ex.io is straight up STEALING people's funds just because they want to. This is something I did not anticipate would ever happen to me - I've always felt my funds were safe so long as I deposit, do my trades, and then immediately withdraw. Clearly this is not always the case.

    Since this exchange is located in China I have no idea what to do or who to turn to to even have a chance of getting my funds back. I honestly just feel broken inside. This is a HUGE sum of money to me and essentially almost all of my savings. B-EX.io knows EXACTLY what they are doing, but will play it off like there were never any issues at all and all the mistakes were on the user's part if you email them. It's frustrating because everything takes place on their turf so the second you transfer funds there you have no say in what happens next. I'm all for decentralization, but this behavior is ridiculous, should be illegal, and needs to be dealt with if they continue to refuse to return my funds.

    If anybody knows what legal entities I can contact to have the best chance of getting my tokens back from them, please let me know. Also, for your own safety please do not deposit any funds there - from the time I deposited on that exchange I felt as if they treated my funds as if they were their own, and just did whatever they could with them to prevent me from getting them back.

    TL;DR: Used B-EX.io exchange, they scam me out of $75,000. They still hold my funds in 2 separate addresses, one of which is an official exchange address that they have proven they have control over, and refuse to return them to me.

    Edit: Yet another MAJOR victim as of a few hours ago: The 8th Continent Project tried to launch trading there as their project's first exchange listing, excited users deposited funds there to trade, and B-ex.io just kept them all: r/https://twitter.com/8thContinentBit/status/1027479585443733504 . /r/cryptocurrency, WE NEED TO PUT A STOP TO THIS.

    Edit2: Realize they are listing NEW COINS that are not on Binance, Bittrex, etc. This is why this scam is working so well. I didn't have the option to deposit my tokens to a major exchange, because it's not listed on any. Same with the 8th Continent scam that just happened today. This was the first exchange that listed them, so of course people will deposit there and try to use the exchange.

    submitted by /u/troyleroy76
    [link] [comments]

    Paying for everything at a festival using a Cryptocurrency Wristband that is simply tap-to-pay! Amazing use of Crypto!

    Posted: 09 Aug 2018 08:51 PM PDT

    TRON redefines s***coin by partnering with a smart toilet company!

    Posted: 09 Aug 2018 06:59 AM PDT

    [Analysis] CME futures' volumes are soaring while CBOE falls flat

    Posted: 10 Aug 2018 01:42 AM PDT

    Overstock shares surge after earnings call! OST keeps doubling down on Blockchain

    Posted: 09 Aug 2018 05:07 PM PDT

    DEA Special Agent: 90% of crypto transactions used to be for illegal purposes - today that number is just 10%...

    Posted: 09 Aug 2018 11:18 PM PDT

    Charles Hoskinson posts a ‘rebuttal’ to Vitalik Buterin, Ethereum co-founder calls it ‘pathetic’

    Posted: 10 Aug 2018 02:56 AM PDT

    The mainstream crypto media outlets are an atrocity.

    Posted: 09 Aug 2018 10:27 PM PDT

    Dead Snow. The Swiss Alps Mining Scam ICO

    Posted: 10 Aug 2018 02:49 AM PDT

    Dead Snow. The Swiss Alps Mining Scam ICO

    https://i.redd.it/oai1bru6m8f11.jpg

    Originally published: Shitcoin Offering

    Some Swiss crooks launched a scam project and then changed their stripes to give the world a new attractive and formidable revolutionary startup. But their dirty past can't be contained under this surface. Welcome to the first instalment of Reader Requests.

    Have you seen the stupid film Dead Snow? Basically, a group of young people go to relax in the Norwegian mountains but stumble upon a regiment of Nazis that have been turned into zombies since the end of WW2. Nope? Only try if you've got something to smoke beforehand. Otherwise, it might just be too much trash to endure.

    Many of our subscribers asked us to do some research on the startup Swiss Alps Mining. Apparently, it's a very interesting idea and there could be some serious profit. After all, mining is a lucrative thing.

    At first, we thought about quickly outlining why it's a scam on our Telegram channel. But the farther we waded through the whitepaper, social media pages and biographies of the main characters, the more we realised that we were faced with a real fucking Operation Dead Snow. Just like this wise man wrote.

    📷

    So, we click on the link and are met by a bright calculator that shows us a bright future with Lambos, blackjack and hookers. 400% ROI in 3 years. Not bad.

    📷

    The company's address shows that it's located between tennis courts and a veterinary hospital. This is where a revolution is being born!

    📷

    The next thing before us is a video in the finest quality. It shows us a helicopter transporting a shipping container to music that sounds like it's from a superhero film soundtrack. Then there's the startup's sign being attached to a mountain lodge (like the ones in Dead Snow). 36,000 views, 2 likes… An unappreciated masterpiece.

    Then we can read about what is what. Swiss Alps AG Energy is a strong company with loads of professionals that is creating innovative facilities for cryptocurrency mining.

    📷

    We'll take a look at the "expertise" of the team members a bit later. That'll be fun.

    📷

    So, what's the idea behind the project? It turns out that there were once a lot of farmhouses in the Swiss Alps. Farmers would herd goats, make cheese for fondue and go skiing there. It could be that urbanisation is to blame, they simply moved to pastures greener or the Nazi zombies appeared, but to cut a long story short, there are now more than 400,000 farmhouses that have been abandoned by their owners.

    The guys from Swiss Alps Mining came to the conclusion that the Swiss authorities will be all for it if these cabins are brought into operation again. This is an optimal arrangement for miners, because the country has good legislation, sensible law enforcement and low temperatures. Which are ideal for keeping equipment cool.

    The mining equipment will be located in containers – SAM Unit 1 (115 ETH and 19 BTC a year) and SAM Unit 2 (twice as much).

    In addition, the Smart SAM Mining artificial intelligence will determine which coins it is currently better to mine based on market trends. Next, the company introduces its financial expert. And then its own blockchain.

    Swiss Alps Mining plans to sell full cubes or separate units of computing power. It will make money regardless of the sales. Something like this:

    📷

    Are we the only ones to notice that they forgot to change one of the "months" to "year"?

    Subsequently, the startup plans to build its own hydroelectric power plant. Then electricity will really be as cheap as chips.

    The company offers all comers the chance to buy computing power. You can sit drinking whisky at the Hard Rock Cafe in Hong Kong while crypto is being mined for you in the Alps. For the use of 16 TH, a client pays the company $4,000 + 10% of their income over two years. Here's the ideal outcome:

    📷

    However, you can also buy a cube in full if you're looking for a more economical option. A SAM 1 (20 BTC and 150 ETH a year) costs $200k, while the SAM 2 (40 and 300 respectively) is worth $350,000. All this, of course, is paid for in SAM tokens.

    The sale was a bit of a strange one. Initially, they wanted to raise half a billion dollars from the presale alone.

    📷

    Later, more modest amounts started to take shape:

    📷

    In the end, they raised 6 million at the first public sale. Nevertheless (your attention please) the guys have scheduled as many as four more public sales and two private ones. What kind of a Guiding fucking Light is that?

    📷

    In spite of everything, the company's allocation of funds is pretty decent.

    📷

    Everything on the roadmap is in progress. The first cube has already been made and is in the photos and video. The rest will be done in parallel with the ICO, which also applies to developing the SAM platform, renting the abandoned farmhouses and so on.

    So here a few pesky questions arise:

    1. Where are the agreements with the local authorities on using the mountain cabins? Or has that, like everything else, been left for later?
    2. If mining cubes on shepherd lands are such a profitable idea, why couldn't you make enough money for the initial rollout yourselves? You could offer clients all sorts of discounts and pre-orders. What's the point in holding a massive ICO, launching your own token and, God forbid, your own blockchain? From the outside, it all looks like a blatant scam to get cash out of fools (which our readers, fortunately, are not).
    3. You don't have anything at all ready. There's a pretty video with a cube that could have the skulls of African albinos or a batch of knockoff DSQUARED inside instead of ASICs. It's a smart idea, that's for sure. But between a good idea and its implementation is an entire fucking Grand Canyon!

    These questions are especially important given the other red flags. For example, the social media pages are not encouraging. Look at the number of followers and the reactions to each post. Liar, liar, pants on fire!

    📷

    And finally:

    The startup's cofounder and CEO, Gian-Carlo Collenberg, is a shady character. LinkedIn reveals that he's also part of the project Gira, which is a shitcoin that has also bought Facebook activity and that none of the exchanges know anything about.

    📷

    Although the token description, of course, makes you think about success.

    📷

    The 252 people in the project's Telegram channel probably thought the same thing 📷

    📷

    He also has his own website cryptocoinexchange. No one knows how much he paid for the domain name, but the traffic there is pretty sparse. And it's not an exchange at all. Although it is supposed to become the holy grail of Swiss Alps Mining.

    📷

    Cofounder and CFO Ramon Simon is also involved in the ShitGiraCoin. In addition, as we write this and you read it, he's bought himself a real Lambo.

    📷

    Or at least took a photo of one. His profile shows that he drives a Volvo, just like his girlfriend.

    For some reason, cofounder and CMO Michael Rava only calls himself a consultant for the project on his LinkedIn profile. Brothers/cofounders/CTOs Raja and Gnana Yogarajah also worked (or still do) on GiraCoin.

    One of the advisers is Ian Scarffle, a dude who doesn't go a day without joining a new ICO and who awarded good ratings (probably not for free) to the scam projects World WiFi and Swachcoin.

    In a nutshell, a real mess. Don't invest. Incidentally, we're not the only ones who think that way.

    📷

    In the film Dead Snow, the zombie Nazis are victorious. Let's stop these guys from making the snow yellow and the reputation of blockchain shitty. Fuck them!

    📷

    Dear readers, keep sending us ICO projects to research or even write your own reviews – we'll be more than happy to publish them. Together we will prevail!

    submitted by /u/shitcoinoffering
    [link] [comments]

    5,000 Merchants Can Now Accept Cryptocurrency Payments in Chile

    Posted: 09 Aug 2018 06:24 PM PDT

    "Chilean cryptocurrency exchange Crypto MKT has recently announced that the country's citizens can now buy products and services with cryptocurrency from over 5,000 merchants through a new integration with a crypto payment processor.

    According to the announcement, a partnership between Crypto MKT and online payments platform Flow.cl allowed the merchants to add cryptocurrency payment options through a platform called CryptoCompra.com.

    CryptoCompra's platform is available in Chile, Argentina, Brazil, and Europe, and lets customers pay businesses using bitcoin, stellar, or ethereum, while letting merchants receive their payments in pesos, the country's fiat currency."

    https://www.ccn.com/new-partnership-sees-over-5000-merchants-accept-cryptocurrency-payments-in-chile/

    submitted by /u/JesseJames3rd
    [link] [comments]

    Fed Up and Forking: Rival EOS Blockchains Are Becoming a Reality

    Posted: 10 Aug 2018 02:22 AM PDT

    Blockchain modifying the oldest careers | Lawyers intertwining with smart contracts

    Posted: 10 Aug 2018 04:06 AM PDT

    "Smart Contracts main features are self-execution and no need of trusted third party. However, the key issue is that a casual person cannot read the code and understand what the contract states (either it is an ICO investment contract, loan, or gambling). That's where I see lawyers could come into play. Understanding the law and smart contract code could lead to greater insights for the customer. Of course, it will be hard to start, but learning the basics of coding (e.g. javascript), and then switching to Solidity, would help lawyer to gain competitive advantage and provide extra insights for their clients ". read more here

    submitted by /u/dodovano
    [link] [comments]

    In a time of vulnerability, crypto investors are moving to Puerto Rico, attracted by lucrative tax incentives. They plan to regenerate the island using blockchain technology. But not all of the locals support their bold plans [The Guardian video]

    Posted: 09 Aug 2018 11:19 PM PDT

    Did anybody else notice that Coinbase added ETC for a very small amount of time yesterday and removed it from purchase today?

    Posted: 09 Aug 2018 08:53 PM PDT

    Cryptocurrency Exchanges Scramble to Receive Licensing

    Posted: 10 Aug 2018 04:12 AM PDT

    Web Browser Brave to Add Cryptocurrency-Based Twitter and Reddit Tipping

    Posted: 09 Aug 2018 02:33 PM PDT

    I Just Released the First Version of My Mobile App for Lisk

    Posted: 10 Aug 2018 03:52 AM PDT

    The ELIX App has now Officially Launched on both the Apple and Google Play Stores!

    Posted: 09 Aug 2018 11:13 AM PDT

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