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    Cryptocurrency Daily Discussion Megathread - October 10, 2018

    October 10, 2018

    Cryptocurrency Daily Discussion Megathread - October 10, 2018

    Daily Discussion Megathread - October 10, 2018

    Posted: 10 Oct 2018 12:10 AM PDT

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    submitted by /u/CryptoCurrencyMod
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    Twitter verifying scam accounts now

    Posted: 09 Oct 2018 12:59 PM PDT

    Stock market was pain in the arse back in 2001/2002, now u complain about crypto...

    Posted: 09 Oct 2018 09:55 PM PDT

    Well said..

    Posted: 09 Oct 2018 01:49 PM PDT

    A lot of what happens “under the surface” at exchanges today is less than transparent. For example, a staggering 20% of Coinbase’s executed volume is attributable to its own trading, a potentially severe conflict of interest.

    Posted: 10 Oct 2018 12:39 AM PDT

    this is exactly like the dotcom boom

    Posted: 09 Oct 2018 10:50 PM PDT

    Back during the dotcom boom investors knew exactly how big the internet would be one day. But at the time it was for dorks, perverts and cat ladies, pretty much until napster came along. It was void of content. Even if somehow you had a $10k t1 line, this was the user experience. (slow video warning)

    There were all kinds of random use cases that investors would speculate on, but nobody ever used. You could never get past all of the scammy pop ups and spyware that would brick your computer, if you could even trust the fly by night shell company running the site with your credit card information.

    Imagine knowing one retailer or another was set to disrupt brick and mortar. But of all the competitors, it was a niche online bookstore.

    Imagine knowing how big search engines will be, but there is no google yet. Every search engine you could bet on was an absolute loser in the long run.

    Anybody that got their news off the internet was considered a fringe lunatic. Online dating sounded like a good way to get hacked to pieces, man or woman. And you were constantly shilled with these stupid free trial disks that were best used as frisbees and beer coasters.

    Good news is the killer app came before any other block chain use case and that's store of value. But we still neeed things like fast, reliable and user friendly decentralized exchanges. We need safe and private cash in/out fiat gateways. We need more reliable and trustworthy DAO constructs for any form of decentralized governance.

    Speaking of governance, this is a political technology. That's a heavy burden to carry. Nobody cared how centralized youtube is as long as you can spontaneously rick roll suckers. Nobody cares how google is managed, as long as you can find what you're looking for.

    But people do care when their ownership is on the line. The guts of the sausage in this particular case is of fundamental importance. You can't just hand your bitcoins to Bakkt without expecting them to run a fractional reserve with it to short the market. And you can't just leave your eos tokens on an exchange and not expect them to vote for themselves with your money. And you can't just expect a stable coin to be accountable for all the money it has to print to keep up with volatility.

    So we might have even further to go before we transition from the dotcom era to the smartphone era, where internet connectivity is fast, ubiquitous and user friendly. On top of that it has to be honest.

    submitted by /u/kirkisartist
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    A new study shows China controls 74% of bitcoin. Does that sound decentralized to you?

    Posted: 10 Oct 2018 12:35 AM PDT

    Pundi X (NPXS) Makes The World’s First Blockchain Based Phone Call

    Posted: 10 Oct 2018 02:35 AM PDT

    IOTA (MIOTA) Qubic Project Takes Giant Leaps: IOTA Becomes a Car Insurance Game changer

    Posted: 10 Oct 2018 12:40 AM PDT

    Binance delists Bytecoin

    Posted: 10 Oct 2018 12:15 AM PDT

    Google mentions Crypto in one of their latest ads

    Posted: 09 Oct 2018 10:29 AM PDT

    Is It Better To Trade Crypto or HODL it?

    Posted: 10 Oct 2018 02:53 AM PDT

    PayPal for Crypto: Up to 25,000 Online Stores in Germany May Accept Digital Money in 2019

    Posted: 10 Oct 2018 12:56 AM PDT

    A Swiss startup company is attempting to make using cryptocurrencies for online transactions as simple and safe as using PayPal.

    The main accusation of the mainstream media against crypto is that it is "a currency that is hard to spend." Even though, according to CNBC, the total worth of Bitcoin spent on merchant services has increased to $190.2 million in 2017, from $9.8 million in 2013, however the market is still in its infancy. According to a study published by the Bank of Netherlands in February 2018, only two percent of online retailers accepted crypto, in spite of "substantial" interest.

    The UTRUST API is aimed at online and point-of-sale crypto acceptance worldwide. This set of tools will also include a conflict mitigation system, chargeback protection, and a proprietary cryptocurrency which increases purchasing power within the platform. While UTRUST has their sights set on assisting global retailers in the use of crypto it has decided to launch its business in Europe.

    The company has signed strategic partnerships in Europe to establish a "beachhead" for further expansion. One such partnership is Gambio.de, a German e-commerce solution provider with more than 25,000 online stores. According to UTRUST´s estimates, Gambio-powered stores generate about 30 percent of e-commerce revenue in Germany and therefore are in a powerful starting position for UTRUST to expand across the continent.

    UTRUST says these partnerships mean that from the first day of operation, thousands of merchants will be able to accept cryptocurrencies in a simplified way, while receiving fiat currencies in their bank accounts. Furthermore, UTRUST customers will have access to a proprietary digital wallet which allows zero fee transactions. The company believes, the large amount of merchants will offset the lower figures of cryptocurrency use, gaining UTRUST a substantial foot-hold in the on coming crypto economy. The company intends to help all businesses it interacts with, and rise with the tide of cryptocurrencies.

    submitted by /u/Martinezs2
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    Genesis Vision announces its partnership with OKEx

    Posted: 10 Oct 2018 03:03 AM PDT

    Reshaping The Future Of Online Booking: GOeureka Platform Goes Live - Customers Can Book 400,000 Hotels With Zero Commission

    Posted: 10 Oct 2018 02:19 AM PDT

    Dusk Network - AMA with Emanuele Francioni

    Posted: 10 Oct 2018 02:13 AM PDT

    NDS, a subsidiary of Korean food producer Nongshim, has partnered with blockchain startup AMBROSUS to track and trace premium quality beef sold by food retailer Mega Mart.

    Posted: 09 Oct 2018 08:08 AM PDT

    Currency to start ETF first ADK founder Mr Ricardo Badoer Fanaka TV interview

    Posted: 10 Oct 2018 01:37 AM PDT

    How big can Crypto get?- $100 Trillion

    Posted: 09 Oct 2018 03:16 PM PDT

    World's First Blockchain Phone Revealed!

    Posted: 09 Oct 2018 10:07 PM PDT

    The MATRIX AI NETWORK TESTNET has gone public! Review here!

    Posted: 10 Oct 2018 02:17 AM PDT

    I just lost all access to my crypto wallets

    Posted: 09 Oct 2018 10:13 PM PDT

    I was very stupid in these last few days. I had a folder of my offline wallets and a text file with my address and seed. I had one copy on my ssd, one on my hdd, and one on my flash drive. I got a new boot drive and needed to put windows ISO on my USB so I could install it. What I didn't notice was that it formatted my USB drive and I didn't even know about my files being wiped. So after getting windows installed, I wiped my other ssd and hdd as they were cluttered and I just wanted them to be storage drives and both had their own copies of windows and other stuff I didn't want. Of course I forgot to copy the folder with my wallets and the text file, but I thought I was fine as I had the folder on my USB drive. Well, today I was going to put some stuff on my USB and saw the folder was gone. I've spent the last 2 hours trying to recover at least the text file but it is corrupted even though the recovery programs have said none of the files have been overwritten. The text file has 3 bunches of 00 and just shows ASCII characters and such and I've lost hope in trying to fix it. Even though the current value of crypto I had was only ~$120, I still feel really helpless right now. I mined all of it over a course of 2 months during the peaks and I was really proud of what I had. I don't really know what to do at this point because I'm super frustrated with myself that I didn't even think of backing it up again or using a USB drive I won't use for anything else or some smarter way of keeping it all safe. If anyone has any tips on getting my stuff back that would be amazing, but I'm 99% sure it's gone forever at this point. Once I get over my mistake I'll probably reinvest.

    submitted by /u/PotaderChips
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    Bank Closed My Account Today!

    Posted: 09 Oct 2018 12:57 PM PDT

    Just wanted to let you all know that today, US bank has closed my bank accounts for purchasing Bitcoin on Coinbase! My last crypto purchase was also in early December. I will be fully switching over to USAA as they are actually crypto friendly.

    submitted by /u/jbro12345
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    Ethereum Set To Be Boosted By Exciting SXSW Keynote

    Posted: 10 Oct 2018 02:51 AM PDT

    There were over 65,000 daily active dApp users today - an all-time high!

    Posted: 09 Oct 2018 01:57 PM PDT
    Read more
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