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    Thursday, September 6, 2018

    Cryptocurrency Daily Discussion Megathread - September 6, 2018

    Cryptocurrency Daily Discussion Megathread - September 6, 2018


    Daily Discussion Megathread - September 6, 2018

    Posted: 05 Sep 2018 11:53 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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    This guy has been predicting it right all this while, right upto the exact day!

    Posted: 05 Sep 2018 05:37 PM PDT

    Owner of NBA Houston Rockets begins accepting #Bitcoin #BitcoinCash for his high-end car dealership

    Posted: 05 Sep 2018 12:02 PM PDT

    BYD Tweet that Vechain will be moving data for "millions of cars, buses and trains"

    Posted: 06 Sep 2018 01:54 AM PDT

    The US is losing out to the rest of the world on blockchain, warn crypto figures

    Posted: 05 Sep 2018 05:00 PM PDT

    Dont worry, Chinese new year will end in 4 months so HOLD until then!

    Posted: 05 Sep 2018 06:48 PM PDT

    Chinese new year will end in a few months. Im going to hold until januari when the market will bull again.

    Thats the reason the market is bearing right now. And it will bull soon for the holders. Many who sell now are not experienced and dosent know about factors like election times or a holiday like this which happens every 4th year.

    submitted by /u/Cutekittens1
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    AI is growing in the tech world at an impressive rate. However, developing the system requires a tremendous amount of computing power, what's holding back full adaption of the technology. Why not utilizing blockchain for this problem?

    Posted: 06 Sep 2018 12:50 AM PDT

    ENGIE Lab CRIGEN and the IOTA Foundation to drive DLT innovation in the smart energy ecosystem

    Posted: 06 Sep 2018 12:15 AM PDT

    Blockchain and GDPR shares similar goals: both want us to be in charge of our data. However, the GDPR assumption is that data would be stored with traditional centralized ways like cloud service. So how can we ensure they work side by side and not against each other?

    Posted: 06 Sep 2018 12:20 AM PDT

    Huge stash of dark market bitcoins on the move

    Posted: 06 Sep 2018 12:28 AM PDT

    It's a like a Hollywood movie. A shadowy figure works out out how to plunder a huge hoard of cash hidden away years ago by person or persons unknown, somehow connected to the criminal underworld. The money moves but no one knows who's doing it – only that something big is happening, and that there are machinations going on far behind the scenes that most of us will never understand.

    Thousands of bitcoins sat in numerous accounts that have been dormant since 2014 have started moving. The original address and the activity connected to it have been the topic of an extensive investigation by reddit user sick_silk. The total value of those accounts, including BCH and other fork coins, approaches a billion dollars.

    In one post he discusses the origins of the BTC; in another, he shows that large amounts – around $100 million – have just been moved to Binance and Bitfinex – suggesting they will be sold for alts and USD respectively.

    From the analysis, it seems that the bitcoins ultimately come from a Silk Road address – the famous dark market that sold drugs and other illegal items for BTC, and that was shut down by the FBI in 2013. It appears that the coins were 'tumbled' back in 2014, and split among many different addresses. However, it was still possible to link them back to the original account, which was set up in 2011, with a transfer associated with Ross Ulbricht: the 'Dread Pirate Roberts' who founded the Silk Road.

    Read more: https://cryptoinferno.org/news/huge-stash-dark-market-bitcoins-move/

    submitted by /u/oaktowner
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    HODL

    Posted: 05 Sep 2018 07:22 PM PDT

    4 Days ago we had a post on the frontpage saying "This rally looks real -- BTC over $7,100; multiple altcoins posting 30-60% gains; and the top-100 index just broke through major resistance". Also had one post saying "Bitcoin Price Indicator Turns Bullish for First Time in 8 Months".

    Posted: 05 Sep 2018 06:53 PM PDT

    So congratulations, great analysis and predictions. Nevermind we've been in a crazy strong bear market, a few days in the green? WE ALL BULLISH NOW!

    And you just had your dreams crushed.

    Not to mention if you're still in the game at this stage you're dealing with really weak fundamentals.

    submitted by /u/Aztiel
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    Analysis of the Cryptocurrency Market — What is the Driving Force?

    Posted: 06 Sep 2018 03:09 AM PDT

    Over 4000 merchants gain access to the Lightning Network

    Posted: 05 Sep 2018 03:56 PM PDT

    Crypto’s Largest Daily Dump of the Year as $40 Billion Exits Markets

    Posted: 06 Sep 2018 02:40 AM PDT

    This dip really is manipulation and is caused by algos and Cointelegraph

    Posted: 05 Sep 2018 04:56 AM PDT

    Cointelegraph just put out an article in the middle of the night EST time (as they always do even though they are a U.S. company) which had "SEC denied Bitcoin ETF's" in the title. That wasn't the whole title and was not even the point of the article but they made sure to put that in their so that people's bots would read the headline and dump their BTC accordingly without stopping the process based on a better, human interpretation of the title of the article. It worked perfectly considering that giant red 15 minute candle happened right after the article was put out. The whole title is "Abra CEO: SEC Denies Bitcoin ETFs Because Applicants Do Not Fit Industry Archetype" and Cointelegraph obviously did this on purpose because there is a million other ways to name that article that don't have those FUD keywords. I really don't like Cointelegraph. I'm not a big time trader with bots and webscrapers picking up on Bitcoin articles and SEC tweets but I am hoping that this will be short lived since it isn't even real FUD. It's a manipulative headline about nothing.

    edit - cointelegraph, not coindesk article - https://cointelegraph.com/news/abra-ceo-sec-denies-bitcoin-etfs-because-applicants-do-not-fit-industry-archetype

    submitted by /u/I_am_Jax_account
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    Ripple Reveals It Has Now Signed More Than 100 Production Contracts

    Posted: 06 Sep 2018 01:29 AM PDT

    Monero Quick Facts: Document for newcomers, investors, and journalists to learn more about XMR. Updated regularly.

    Posted: 05 Sep 2018 09:39 PM PDT

    The issue with ICO rating market

    Posted: 06 Sep 2018 01:44 AM PDT

    You may know that I'm big supporter of Ignite Ratings, it's no secret. However, I have to admit that when Damon and Chris said how this ICO rating market is corrupted I think they were over exaggerating. I mean, I knew there was an issue, that's why I love what's ignite trying to do but I honestly didn't believe it was that big of an issue.

    With the recent update to the Ignite Ratings beta platform, I decided to start building up my reputation by reviewing one ICO/crypto each day (which is really hard btw because not many people are willing to review my work :P ). I started by doing my own research based on reading whitepapers and googling some things up. As you could expect, the amount of shitty ICOs is overwhelming and I decided to check out what other "reputable" sources have to say about them. And it wasn't pretty.

    Today I reviewed iCasting.io, basically a Tinder for matching talented people with clients. On a blockchain. Perhaps a good idea but there is absolutely no need for the blockchain tech in it. Close to 0 token utility plus some other budgeting decisions make it an obvious cash grab.

    What does icobench has to say? 4.1 overall score, "experts" praising this with lame statements such as as "strong team, great advisory board, bold vision etc". THIS IS SCARY. Out of 11 reviews, only two where honest and authors were immediately discredited and downvoted. But take a look yourself: https://icobench.com/ico/icasting-io/ratings#ratings

    I really don't know what to say other than that I really hope this bear market will weed this out and people will learn to dig deeper before putting their money in an ICO

    submitted by /u/muchacho_pl
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    FAKE VOLUME (WASH TRADE) INVESTIGATION INTO BINANCE, OKEX, HUOBIPRO, HITBTC, BITTREX, POLONIEX AND KUCOIN.

    Posted: 06 Sep 2018 03:17 AM PDT

    FunFair's Gambling License Secured & Gearing up for September Launch (per new company update)

    Posted: 05 Sep 2018 07:18 AM PDT

    Those of you who were in this game in 2013 and prior...

    Posted: 05 Sep 2018 03:47 PM PDT

    What was this shit like? I'm so curious. I just imagine it was abunch of dudes buying drugs off the deep web hoping the feds didn't catch you cause you used these fucking cyber coins.

    What were conversations about btc like?

    I bet conversations were way more interested in how cool the concept of a Bitcoin was.

    Does it annoy you how mainstream it's gotten and the fact that your once underground currency is now this big inflated price ticker?

    submitted by /u/Xueq
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    I found the wallet that’s been selling off.

    Posted: 05 Sep 2018 08:25 PM PDT

    0xca3ac4F946b997db24515A7ae7779F2e587d5a26

    This is the wallet that's been funding all the selloffs. Within the last day, it totaled about 13,000 ETH that's been transferred out of it. And almost all of the big transactions sent out of it were sent to Bitfinex only hours later.

    Out of the five big transactions with more than 2,000 ETH involved, one of them still have its ETH. The other four wallets have sold off to Bitfinex.

    How many is still left to be sold? More than 5,000 that we know of. The rest transferred to Bitfinex we do not know.

    One of these wallets was the famous one that sent 94,000 ETH to Bitfinex two weeks ago.

    submitted by /u/dustincrypto
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    IBM Announcement of Stellar-Powered 'Asset-Backed' Tokens With Partner Veridium

    Posted: 05 Sep 2018 07:29 AM PDT

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