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    Cryptocurrency Daily Discussion Megathread - October 8, 2018

    October 08, 2018

    Cryptocurrency Daily Discussion Megathread - October 8, 2018

    Daily Discussion Megathread - October 8, 2018

    Posted: 07 Oct 2018 11:45 PM PDT

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

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    Thank you in advance for your participation. Enjoy!

    submitted by /u/CryptoCurrencyMod
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    Cryptocurrency news article starter pack!!

    Posted: 07 Oct 2018 11:02 PM PDT

    Binance just changed their listing fee policy. Going forward, they will make all listing fees transparent and donate 100% of them to charity.

    Posted: 08 Oct 2018 02:33 AM PDT

    The first major asset in Manhattan has been tokenized on Ethereum.

    Posted: 07 Oct 2018 05:40 PM PDT

    Today’s dApps are fragmented, hard to build, and hard to use. Users currently have to purchase separate crypto tokens for each dApp and go through many steps. This ridiculous journey is one of the reasons that stop people from using the tech.

    Posted: 08 Oct 2018 01:18 AM PDT

    Aergo : Distributed Trust at Scale

    Posted: 08 Oct 2018 12:24 AM PDT

    Aergo aims to develop a new blockchain protocol, with advanced and easy to use developer tools and a state of the art dApp orchestration and deployment framework.

    ​

    Consensus Algorithm : DETERMINISTIC DPOS (DELEGATED PROOF OF STAKE)

    Smart Contract : AERGO SQL

    Governance : REPUTATION & PROPOSAL

    Performance : +1 MILLIONS TPS WITH SIDECHAIN TECHNOLOGY

    ​

    Problem

    Today, the development and deployment of blockchain protocols and applications fail to offer enterprises the scalability, distributed governance and enhanced confidentiality they want without surrendering the inherent security and immutability they demand.

    ​

    How Aergo is aiming to solve it?

    Aergo has 3 major artchitectural fucntions,which together form the aergo platform.

    1. Aergo chain

    Aergo Chain is a proposed blockchain designed to mitigate issues currently experienced with public blockchains.

    It aims to include an SQL based smart contract platform as well as advanced features, such a distributed version and concurrency control.

    ​

    1. Aergo Hub

    Team aim to develop the Aergo Hub, a blockchain hosting service that acts as a the public interface for building, testing deploying and managing independent blockchains based on Aergo Chain.

    Enriched with tools and supporting services, Aergo Hub seeks to bring to life the Aergo Chain blockchain protocol and supporting services.

    ​

    1. Aergo Marketplace

    Aergo Marketplace aims to enable the sale and purchase of peer-to-peer computing assets.

    Computing assets would include:

    • Storage
    • Computing Power
    • Algorithms
    • Contents
    • and more

    Team intend for Aergo Marketplace to be accessed via the Aergo Hub public interface.

    ​

    Let us discuss more about it and give me your views on it.

    submitted by /u/hunnykaushal3
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    South Korea: 7 Crypto Exchanges Hacks in 3 Years

    Posted: 08 Oct 2018 01:55 AM PDT

    Let’s not forget the real reason why cryptocurrencies are the future...

    Posted: 07 Oct 2018 10:18 PM PDT

    Why do HODLERS believe so adamantly that Cryptos are the future? It is because the weaknesses of FIAT and the financial systems that revolve around it are evidently standing on the edge of a catastrophic collapse. The entire world continues to create money being out of thin air at an accelerating pace, global debt has never been this high, the American deficit is projected to balloon to $1 trillion in 2019, and the periodical collapse of FIAT currencies is likely to intensify. The world's ability to cope with an economic crisis has become very fragile, and people's confidence in financial institutions and governments has degraded since the quasi-total meltdown of 2008. The perfect storm is forming up, and cryptos are the lifeboats. "But the economy is doing so well!" So was the real state market in 2007.

    Cryptos have democratized the control of supply of money, making them significantly less exposed to the abuse and mismanagement that has caused every centralized FIAT currency to either collapse or lose virtually its entire value. It is quite simple to understand that a currency that increases in value over time is much more attractive to consumers than another that loses over 3 percent of its value every year - that's the case of the almighty American dollar, the "top of the line" FIAT - its pathetic.

    The control of supply is a HUGE deal, this cannot be stressed enough. The big deal about cryptos is that they are incontestably immune to inflation while being superior form of transactional money. Cryptos are also a global currency, making them perfect for international and digital commerce. But wait, there's more! Cryptos can also emulate banking and financial services while also providing a backbone to a form of global, permission-less stock market that is opened 24/7 and it is accessible to anyone with a digital device with internet access. There is much, much more, but at this point it should be pretty dam clear that cryptos will turn the world upside down in a good way. It is the beginning of a new world order where a lot of power will be shifted back to the people, and it is unstoppable. So sit back and relax because it may take 1, 2, 4 or maybe even close to 10 years, but it will happen and it will be a big deal like the world has never seen before. You have invested that money, it is not a crazy gamble like so many people have suggested, so be patient. Regardless, one piece of advice I would give to any hodler is to avoid putting all your eggs in the same basket. Bitcoin is not the only legitimate crypto out there, and there is no guarantee that it will remain as the top crypto indefinitely. Be wise, diversify and hodl strong, and you will reap the benefits.

    submitted by /u/TheWierdGuy
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    Lupus Foundation Announces Capability to Accept Cryptocurrencies

    Posted: 07 Oct 2018 05:16 PM PDT

    How Verus Coin Solves "Nothing at Stake" and "Weak Subjectivity" in its upcoming release this week, also activating Sapling support October 28th, described in a tweetstorm.

    Posted: 07 Oct 2018 09:17 PM PDT

    Top Five Blockchain News Stories of the Weekend in Five Sentences or Less

    Posted: 07 Oct 2018 06:49 PM PDT

    r/Cryptocurrency makes it to top 50 subreddits by comment volume

    Posted: 07 Oct 2018 12:13 PM PDT

    Winklevoss’ Gemini Now Provides Insurance for Customers’ Cryptocurrencies

    Posted: 07 Oct 2018 03:39 PM PDT

    No, SEC isn't Approving a Bitcoin ETF This Month, Don't Get Too Excited

    Posted: 07 Oct 2018 08:10 PM PDT

    Would you guys be interested if I built a website which entire purpose is to calculate how much money you'd have right now if you'd invested on date x? The interface of the website shall be way nicer than the one I linked to this post. I would really appreciate your ideas, opinions, and suggestions!

    Posted: 07 Oct 2018 01:31 PM PDT

    George Gilder: Forget Cloud Computing, Blockchain is the Future

    Posted: 07 Oct 2018 11:32 PM PDT

    Vote Buying Scandal Stokes Fears of EOS Governance Failure

    Posted: 08 Oct 2018 01:08 AM PDT

    Brave reaches 4.6 million monthly active users (MAU)

    Posted: 07 Oct 2018 10:20 AM PDT

    Ambrosus mention in Forbes for their revolutionary approach to tracking of Quality Assurance in supply chains

    Posted: 08 Oct 2018 02:04 AM PDT

    Proof that Apollo Foundation is Dumping their Own Coins

    Posted: 07 Oct 2018 02:41 PM PDT

    I have recently received information regarding Apollo Foundation which provides strong evidence that the founders are massively dumping their own coins, which basically confirms something I already suspected. Primarily because of these Apollo wallet addresses: APL-4BUY-KK5W-B3KC-DMHBM and APL-NZKH-MZRE-2CTT-98NPZ which are owned by the Apollo foundation. This can be proven because investors during the Apollo ICO (or Coin Distribution Event as they call it, same difference) received their Apollo tokens from these 2 addresses. And these 2 addresses are linked to large transactions of Apollo moving out of these wallets right before their major exchange listings.

    They used several other Apollo addresses in an attempt to disguise this movement of tokens onto the exchanges for a massive dump. But all of these other Apollo addresses that sent out massive amounts of tokens are linked to these 2 primary addresses. And in most cases they were selling tokens for well below the ICO price which makes it even more suspicious. Why would a normal investor (especially an investor this large) sell their tokens at a loss so soon after the ICO? It makes a lot more sense it is someone who has tons of free tokens. Which basically points all fingers to the Apollo foundation. And now they're paying John McAfee millions of dollars to hype this token and increase the price so they can continue dumping tokens.

    For full detailed information on this, see here for the research another user did: https://medium.com/@cryptogear2017/apollo-the-all-in-one-crypto-currency-is-it-a-scam-6cb13e817647

    ​

    Another huge red flag: This is a message sent on Telegram by Apollo founder Steve McCullah to this same user when Steve was questioned about this: "...we are looking to voluntarily, publicly freeze all major team funds, foundation funds and much of the early investors APL that have signed on. We are looking at potentially having nearly 10 billion frozen for one year. Our major investors and team are happy to do this."

    So Steve McCullah is basically admitting that they have the ability to freeze account balances and are planning to do this to prevent people from selling and further manipulate the price up. This coincides with many complaints on their social media pages of people suddenly getting their accounts frozen, their passphrase being mysteriously changed, and losing access to all their holdings. Not only are they preventing other investors from selling their holdings, they are outright STEALING their holdings from them when locking them out of their accounts. And the evidence from the transactions indicates that the Apollo foundation is not affected by these account freezes despite their claims. Only the investors are. Also, what are the chances they contacted every major investor like they're claiming to get authorization from them to "voluntarily" freeze their accounts and they all agreed to this? Virtually ZERO.

    Steve McCullah also admitted admitted to this user that the Apollo Foundation has funded hundreds of wallets which strangely ended up having all their funds transferred to exchanges:

    "We are looking into anything sold or transferred. We have funded hundreds of large wallets between airdrops, investors, vendors and influencers. Just because there is a wallet that transferred to IDAX does not mean that is is a team member. I can personally vouch for every team member out there as I know they would never sell. Right now we have so many exchanges and investors looking at us. It would be crazy to sell at this moment and every team member knows this and would not jeapordize it for a small gain. They also know the news we are about to release and would never sell, especially before this is implemented."

    When you "follow the money" or in this case the Apollo tokens, Steve's statement doesn't jive with the facts. If there's some huge update coming that's about to drastically increase the token price, then why are the wallets from these "major investors" all dumping their tokens on exchanges?

    I know many people are going to see this and think I'm beating a dead horse because it's general consensus among the crypto community that Apollo is a scam. But I know for a fact people are still investing in this. They're especially getting sucked in by John McAfee's promotions. Because people who don't know a lot about him generally respect what he has to say.

    submitted by /u/MerleRempel
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    Crypto Alert — Keep Track of the Latest Cryptocurrency Rates

    Posted: 07 Oct 2018 09:20 PM PDT

    How blockchain technology and sport can change people’s lives in the 21st Century

    Posted: 07 Oct 2018 11:47 PM PDT

    Seoul Mayor Plans $100 Million Fund to Boost Blockchain Adoption

    Posted: 07 Oct 2018 11:45 PM PDT

    Good Money's Master Plan: A Stealth Bid to Get Celebs Promoting Crypto Exposed

    Posted: 07 Oct 2018 10:10 PM PDT

    Governance: The Root of All Forks

    Posted: 07 Oct 2018 09:12 AM PDT
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