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    Cryptocurrency Daily Discussion Megathread - September 1, 2018

    September 01, 2018

    Cryptocurrency Daily Discussion Megathread - September 1, 2018

    Daily Discussion Megathread - September 1, 2018

    Posted: 31 Aug 2018 11:09 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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    Substratum is doing a second ICO after 1 year and starting to look like a major scam

    Posted: 31 Aug 2018 07:15 PM PDT

    Less Volume than a bottle of conditioner

    Posted: 01 Sep 2018 01:09 AM PDT

    THE ZCASH, COINBASE and COINDESK PUMP AND DUMP SCHEME

    Posted: 01 Sep 2018 01:57 AM PDT

    Quick flowchart to see if the company actually needs a blockchain

    Posted: 31 Aug 2018 11:43 PM PDT

    The next bubble will be epic and horrible

    Posted: 31 Aug 2018 12:19 PM PDT

    Nothing ever happens quite how we expect, but I think that the next bubble is virtually assured at this point. The timing is the only wildcard, along with what the peak will be.

    We saw the bottom come in at $5900, and the rush of true support flooding in to punctuate the end of the latest bear run. Now we are in the slow froth and churn that marks the beginning of the next exponential expansion.

    Wall Street is getting fired up, as are funds and banks. The "do not sell before" embargo sticker has been lifted off of bitcoin and our street date has arrived. The most prominent minds in the world are teeming with possibilities and the bitcoin venture space looks a LOT like the Internet in the early nineties.

    Basically, we are at a situation where bitcoin is becoming a precious, desirable, and scarce resource... But people just haven't realized it yet.

    ────────

    And when they do, it won't be a slow and steady March upward. It will be a monumental movement that will leave our heads spinning. One day we will go from $7000 to $9000, and we'll all be smiling and patting ourselves on the backs. 😄

    Then in a week we'll be at $1200, and positive news stories will start to flow. The public will take notice.

    Then $13000 $14000 $15000 $16000 $17000.

    Then $21000. New all time high. Now comes the euphoria and panic. 😮

    $25000, $30000.... Wonder, new paradigms... How high can it go? OK... It's crashing, finally... Down to... Whoops. Nope.

    New money flows in, and people begin to believe in bitcoin in earnest and there is a rush to own an asset that is rising every single day.... $35000, $40000. 😰

    Those of us who own at these levels will be freaking the fuck out. Should we sell? Is it going all the way up? I mean, the news is abuzz about bitcoin. Everyone's talking about it. All your relatives that you've been 'preaching' to for a year now are freaking out and asking how they can buy some 'bits' as fast as possible, while bits are still less than a cent apiece.

    Many panic and sell on the way up... And truthfully I don't know how high the next bubble can take bitcoin... At $50k the "market cap" will be about $862 billion... That's a lot, but about the valuation of the single largest company. At this point people will be screaming about how this is a financial revolution. We may get all the way to $100k before the major correction, but you bet your ass if we get that high people will be imagining that we are going all the way up, to a million dollars per "coin" asap.

    Perhaps a financial crisis will hasten the rise. Perhaps not.

    ────────

    I know this, bitcoin hasn't moved in a stable predictable rise yet, and there's no reason to think it will start now. It has moved in exponential bursts, each preceded by a pessimistic retraction period.

    This will be the sixth such time we have done so, and we are growing increasingly efficient at it.

    I want you to go ahead and start thinking about what you will do, and how you will act when the 'unthinkable' occurs. Because the unthinkable is always right around the corner.

    The rest of our lifetimes will be filled with 'unthinkable' moments. The next bitcoin bubble (due before the end of 2019) will be one more such incident. 💥

    Mainly I want you to think about the world events that will have to happen to make this true... And then what would have to happen to cause a major correction in the price from $100k per bitcoin back down to $20000 per.

    Wisdom is recognizing that history repeats itself, and there's nothing new under the sun.

    Wealth is the end result of taking a calculated risk based off your acquired wisdom.

    submitted by /u/Howyoudooooing
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    CPChain announced their RNnode Ecosystem structure. Here is how it works.

    Posted: 31 Aug 2018 10:04 PM PDT

    NEO & Japanese Authorities!

    Posted: 01 Sep 2018 02:04 AM PDT

    Japan's state minister for financial services, who received the NEO delegation and praised the non-mining-based dBFT consensus mechanism. The Ministry of Finance of Japan indicated they would be interested in exploring future cooperation between NEO and local authorities.

    https://medium.com/neo-smart-economy/neo-global-development-monthly-report-august-2018-83cfe86f15b9

    submitted by /u/Ethour
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    Firefox's new version to block hidden mining by default

    Posted: 01 Sep 2018 01:35 AM PDT

    Blockchain: The end of banking as we know it?

    Posted: 01 Sep 2018 12:13 AM PDT

    Bloomberg Research: "Upside (5-yr) - BTC will be ($96k)"

    Posted: 01 Sep 2018 02:30 AM PDT

    Storing Crypto

    Posted: 31 Aug 2018 08:41 PM PDT

    I may come off as a dumbass but can someone explain to me all the benefits of storing your crypto in a wallet as opposed to keeping it on an exchange? 100% of my crypto is scattered across a couple of exchanges right now and I'm just curious if that's actually a bad thing. Any help would be good

    submitted by /u/xxxvuhsace
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    BNP Paribas invites Vechain to present their product for the wine industry.

    Posted: 31 Aug 2018 07:46 AM PDT

    https://twitter.com/BNPP2S/status/1035515072620187648?s=09'

    'BNP Paribas is a French international banking group. It is the world's 8th largest bank by total assets, and currently operates with a presence in 75 countries.'

    This certainly seems to be pretty interesting, thought it was worth sharing. Twitter link above confirms from BNP directly.

    submitted by /u/PoliticalShrapnel
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    Ethereum: The missing piece of the internet

    Posted: 01 Sep 2018 03:09 AM PDT

    When will this sub get this up/down vote image or another custom?

    Posted: 31 Aug 2018 05:34 PM PDT

    Trading Cryptocurrencies using CFD Instruments vs. Trading Cryptocurrencies through Crypto Exchanges

    Posted: 31 Aug 2018 11:07 PM PDT

    IOTA Feasibility and Perspectives for Enabling Vehicular Applications

    Posted: 31 Aug 2018 05:45 PM PDT

    Colombia Will Lower Taxes On Crypto-Startups

    Posted: 31 Aug 2018 11:57 PM PDT

    Colombia Will Lower Taxes On Crypto-Startups

    Posted: 31 Aug 2018 09:38 PM PDT

    Vitalik Buterin’s 7 Deadly Crypto Sins: Part 5. “Pow Is Burning Billions of Dollars per Year, Even More Than All Scams and Thefts Combined”

    Posted: 31 Aug 2018 11:47 PM PDT

    Iran unveiled its "national cryptocurrency" and it is a textbook example of a shitcoin

    Posted: 31 Aug 2018 08:00 AM PDT

    Interested in DAG coins - but I want a low cap

    Posted: 31 Aug 2018 08:30 PM PDT

    Hi,

    I'm intrigued by DAG coins but I already know about the high caps. No iota or nano mentions please.

    I already know about oyster and IOT but don't love either project. Are there any other good DAG projects out there?

    submitted by /u/Spanjapan
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    BITCOIN SPOTTED AT THIS YEAR’S BURNING MAN

    Posted: 01 Sep 2018 12:01 AM PDT

    800% Annual Interest? Learn the Risks and Rewards of Crypto-Backed Loans

    Posted: 01 Sep 2018 01:14 AM PDT

    CryptoCurrency = Future Billionaires

    Posted: 31 Aug 2018 08:30 AM PDT

    CoinMarketCap API alternatives?

    Posted: 01 Sep 2018 12:46 AM PDT

    As probably any other dev here knows, CoinMarketCap starting from December will drop the support for the actual API v1 introducing the new "pro" API, whose price is insane for any hobbyist: https://pro.coinmarketcap.com/pricing

    Having 2 C++ projects that use CoinMarketCap API I'm looking for some alternatives not so expensive, or even better, free as it was CoinMarketCap. Any suggestions?

    For the ones interested the two projects are:

    In order to keep alive these projects I do really need a good alternative.

    submitted by /u/pgaleone
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