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    Tuesday, October 9, 2018

    Cryptocurrency Daily Discussion Megathread - October 9, 2018

    Cryptocurrency Daily Discussion Megathread - October 9, 2018


    Daily Discussion Megathread - October 9, 2018

    Posted: 08 Oct 2018 11:50 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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    Binance delists CHAT, ICN, BCN, and TRIG

    Posted: 09 Oct 2018 12:31 AM PDT

    Binance delists Bytecoin (ranked 26th) and others!

    Posted: 09 Oct 2018 12:36 AM PDT

    I am gifting 1 Bitcoin for my best friend's birthday next week. He will be allowed to open the ledger in 10 years from now. Looking for the most creative ideas how to do so.

    Posted: 08 Oct 2018 01:51 PM PDT

    He has never had any experience with cryptocurrencies and barely understands what Bitcoin is. I am now looking for the most inspirational story to write on his birthday card telling Bitcoin's story and forecasting it's bright future. So, what's the most exciting way to do it. :)

    submitted by /u/martinkarolev
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    The popular instant swap platform 'Changelly' has decided to partner with CoolBitX in order to empower its flagship product known as CoolWallet S. This will be linked to the instant crypto-to-crypto exchange Changelly is working on

    Posted: 09 Oct 2018 01:30 AM PDT

    Another great proof that our technology can help companies in 'The Real World' Lattesso (One of the largest coffee producer in Swiss) sales increased by 61%, traffic grew by 57%, and more than 10,000 wallets have been created after running a campaign with a blockchain company.

    Posted: 09 Oct 2018 01:20 AM PDT

    Two years ago mainstream media used to scoff at the idea of cryptocurrency... now it seems they can't get enough of it. And with more and more blockchain projects getting mainstream recognition, how long before we see mass adoption of a crypto dapp?

    Posted: 08 Oct 2018 09:20 PM PDT

    Court Authorizes Crypto Firm to Reclaim 530 ETH Sent to Wrong Address "in whatsoever hands those Ether Tokens may currently be held"

    Posted: 08 Oct 2018 09:00 PM PDT

    Seoul Mayor Plans $100m Fund to Build Blockchain Smart City

    Posted: 08 Oct 2018 03:00 PM PDT

    Ledger Capital Partners with Opera Browser

    Posted: 09 Oct 2018 01:13 AM PDT

    Ledger Capital has just announced partnership with Opera browser. The strategic partnership between the two giants will see Opera browser explore further opportunities on the Blockchain sphere.

    The partnership takes place after Opera became the first browser to have an integrated crypto wallet and web 3.0 support in the browser earlier in July. Opera is trying to lead other competitors into the cryptosphere with all these initiatives.

    Ledger capital on the other hand is involved in several strategic partnerships in the blockchain sphere. The solid team behind the company is also a promising factor in their development.

    The management team and operational teams have backgrounds from companies such as Warburg Pincus, New Enterprise Associates, Morgan Stanley, Goldman Sachs, Citadel, IBM and Microsoft .

    More news on the partnership can be found on Business Insider (Link in comments)

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

    Hedge Fund Mgr. says, Bitcoin Will see $10,000 raise in its Value this Year

    Posted: 08 Oct 2018 11:25 PM PDT

    Crack the code and get 310 BTC

    Posted: 08 Oct 2018 06:19 AM PDT

    Binance app back on Apple App Store? Is this legit?

    Posted: 08 Oct 2018 10:04 PM PDT

    Cryptocurrencies Stealing Gold & Silver’s Thunder

    Posted: 08 Oct 2018 08:35 PM PDT

    Quant Overledger [QNT] Compilation of AMA Oct. 8

    Posted: 08 Oct 2018 04:21 PM PDT

    I've compiled all the questions and answers from today's AMA. Every Monday the Quant team meets live with the 6000+ community in the QNT Telegram Group to conduct a weekly AMA (Ask Me Anything) session. Here's the summary.

    Q: Was there any reason why the team chose to create a 'decentralized Amazon' to show off the progress with connectors? It caused big interest. Thanks.

    A: You know, I only expected a "hello world" MApp from the team to show cross-chain interoperability. They blew me away and created a truely decentralised Amazon that operates across 3 blockchains. Very proud!

    Q: Does qnt offer any additional security against ddos viruses, mallware or any other cyber/hacking threats?

    A: Yes, this is built in, coming from our Cybersecurity background. We're creating new Security infastructure in the space of Identity, Firewall, DPI and IPS that sits on top of Overledger, giving additional security controls to use blockchains which doesn't exist today.

    Q: What exactly is the patent about and what does this imply (if granted) for other blockchain interoperability projects like aion, wan and icx?

    A: The Patent was filed on 1st December as an EU Patent. It covers how we're doing ordering and filtering to protect the inner core of Overledger. It should be granted around the end of 2019. It just means other projects can not use our method and approach to have interoperabilty.

    Q: Question from my side, Recently this twitter account released a press release of a partner ship with Quant Network. Could you elaborate on that ? https://twitter.com/AtlanticPowerX/status/1049179316754366464

    A: We're building a new upstream Power Exchange. Allowing for closed P2P Power networks (like powerledger) to cross-exchange on a new Power Exchange with all the other P2P Power networks.

    Q: Does the team have an update on the Zapier integration concept? Might we see Overledger working with 1000s of Apps one day via Zapier?

    A: This is exciting for us. We're integrating Overledger with Zapier. This will allow us to bridge the thousands of internet applications to blockchain, through Overledger. Huge potential!

    -Followup Q: Wow this is Massive! So Enterprises will be able to connect the data from their Apps (Excel, CRMs, ERPs)into Overledger - as well as cross connect blockchains? Correct?

    A: Yes exactly. It's a leap into our 3rd phase of our strategy to connect the internet to blockchain. We cando this today rather than waiting 2-3 years! Every single Internet application can integrate withblockchain through Overledger. Quite groundbreaking

    Q: Have you looked at connecting machine learning + AI blockchain consensus' like neurochain for increased diversity of overledger

    A: Yes we're big fans of AI and have mentioned quite a few projects. We're in the final stages of announcing a partnership or JV with AI Nexus to create decentralised intelligence.

    Q: Your post regarding the decentralized "Amazon" where you show a pic of XRP, ETH and BTC payments is pretty awesome, although why couldn't you show the community some better proof like at least a video and even better - some proof on the blockchains?

    A: We will be sharing some live demos over the next few weeks and a more detailed one during our Nov 20 Quant X event for developers. As Gilbert, mentioned, the MApp that the team shared blew us away and we wanted to share it real time. We will also be sharing demos for devs/chief architects etc on the Quant Dev Portal.

    Q: Latoken listing was a mistake, there is zero activity on it. Would you consider this a fail?

    A: Then you can use IDEX? Don't know what everyone wants, we've just started to list on exchanges, another 2-3 in the works. If you're not happy, sorry. We're not going to do everything for everyone. We have a set focus and vision to achieve.

    Q: How many devs are currently working on the project and are you planning on expanding your team?I have seen only 5 people contributing on the Github and not sure if they have some real previous blockchain experience (I'm not exactly a programmer myself so perhaps I missed something)

    A: We have done profiles of our team and their experiene with DLT on Medium as well as on our website - all quite experieced as you can see from their outputs. Rui and Alex's profile on Medium to be posted over the next two weeks.

    -Followup Q: I know, but perhaps the team needs to be a little bigger, not sure if 5 devs are enough for this. Butafterall, maybe it is if the companies will use the SDK themselves

    A: Thanks for the suggestion, but we're a good size and have the right capable and experienced team.Adding another 20 people to the team now isn't going to achieve anything.

    Q: Where is the software hosted? i.e. my desktop computer's OS is on its hard drive, so where is the Overledger? Is it cloud-based like AWS/Azure, and if so who hosts the servers and where?

    A: Good questions. It comes down to the developers. You can create MApps as a Webapp or Cloud, on an OS (Win/OSX/Linux) or Mobile (iOS/Android).

    Q: Besides GoVerify Mapp, are there any other Mapps being developed by Quant that are interesting for financial institutions?

    A: Yes, we have a few. A Cross-Trade Finance MApp to allow multiple supply chains using different systems and blockchains to talk to each other. Also are creating a cross-blockchain AML Compliance tool for Regulators and Financial Institutions. One thing to note here on this one - we are also building our MApps to utilize the QNT token. That is the beauty of having multi-purpose utility token versus a security token because you can add mutliple functions. We will reveal more over the coming months as we finalize the tech (somethings are senstive or competitive intelligence that we can't share) but this is something worth noting now because it doesn't begin and end with just the fee structures for Overledger.

    Q: Whats the next connector after quorum? Was the quorum one mentioned before, any reason for that connector?

    A: We want to work on the technology that our clients use the most.

    Q: Does quant have control over APIs or can developers design their own because platform risk might be a concern.

    A: Yes of course we control the APIs. We call them BPI (Blockchain Programming Interface).

    Q: Token function - So assuming that the token is somewhat like a license for using the service, how much tokens would a company need in order to make for instance 1000 transactions from XRP to ETH per day? Would they need just 1 token or would it be scaled according to the usage somehow?

    A: That's what we're working out currently, now that the SDK is out. We have team of internal and external technical, lawyers and economists on this. It's a new model that really hasn't been done before. What we know is that we will have a flexible pricing approach for MApps for developers to set the price/usage regarding tokens and volume.

    Q: any idea when the US Bank/financial institution will be announced in october?

    A: still in the works, we'll announce when we can.

    Q: what do you hope to achieve from the QauntX event on Nov 20th? 2. Also, will you be capturing all the juicy content (photos, video, audio) for posting/sharing? Great opportunity for videos and images for marketing etc.

    A: Absolutely will have it all captured on video as well as plenty of photos. The event is targeted predominantly to devs/architects and CIOs and to so we can provide live demos of the technology and show what is possible/answer questions. We also expect to use this as an opportunity to invite some of our clients so they can betterunderstand the tech and what is possible.

    Q: In layman's terms where does QNT sit in the technology stack It's not it's own chain so how does it interact with chains , it's an operating system but where does it operate?" - Is there a quick way to help tech newbies understand how Overledger operates?

    A: Think of it as running distributed across Cloud providers and then blockchains to provide the API gateways to blockchains.

    Q: Is there a plan to actually market quant in the future as a license to take advantage of an ecosystem during the campaign

    A: We're working on our marketing approach which is more directed to Enterprises. We're covering all the channels to use the best possible segment and reach. Here's some of areas we're looking into. From the release of the SDK, we've ramped this up and you'll be seeing a lot more on Quant, especially if you work in corporates:Targeting BlogsPublicityUnconventional PRSearch Engine Marketing (SEM)Social and Display AdsOffline AdsSearch Engine Optimization (SEO)Content MarketingEmail MarketingViral MarketingEngineering as MarketingBusiness Development (BD)SalesAffiliate ProgramsExisting PlatformsTrade ShowsOffline EventsSpeaking EngagementsCommunity Building

    Q: Not really a question, but it'd be cool if you discuss the possibility of joining SAP partner edge, so many applications that quant can provide to those members. Ofc it's already cool that you're already in talks with a US bank

    A: Thank you for the suggest. We can integrate easily to SAP or other ERP systems. We'll start looking in to it

    Q: Can you also consider a "Connect IT with Quant" icon - bit like "Intel Inside". This signifies that the app, MApp or blockchain can be connected via Quant (Overledger) etc. the icon can also be a link to the official integration page - hosted on your site - indicating it's an official product/partner. The "IT" part is a play on words that IT folks will get.

    A: Thank you Robin, like it! We've been playing around "Powered by Overledger" something like the "Intel Inside" tag line. Will come out with something catchy and effective

    Q: Can overledger implement/integrate a privacy layer using something like TEE/MPC to protect sensitive/confidential data?

    A: We already have that with TrustTag. It allows you to set privacy fields to tokenise data you don't want others to see

    Q: A community member posted an article with a strong interopability focus: https://www.coindesk.com/ethereum-enterprise-alliance-hyperledger-blockchain-consortiums-join-forces/ Perhaps you guys could take a look and use it as an oppurtunity to gain some traction/awareness?

    A: Thanks Luke. We've already connected Hyperledger and Ethereum to Overledger. We know the EEA/IBM teams and can discuss in more detail.

    Q: will the team be releasing a 'blockchain' that can be used as a 'test' and/or 'starter' blockchain for Enterprises. Obviously it can be connected to others via Overledger later - but I see two Enterprise use cases: 1. Test bed easily scratched and reset; 2. Simple ledger for immutable storage - especially when Zapier allows Excel data to flow.

    A: That's exactly the use case the new blockchain will solve. An appropriate enterprise-geared blockchain that provides better distributed storage for large amounts of data. It's a gap in the market the current generation of blockchains are solving or are not fit for purpose. One problem we have is we can't agree what to name it. Love to hear some suggestions

    Q: Did you speak to any interested enterprises during the london fraud conference about GoVerify?

    A: Yes, quite a few including Government. Following up with them this week.

    Q: Is Dr John Lambert still an advisor for Quant Health? I noticed he recently moved to DXC and was wondering if this impacts his advisory role?

    A: Yes he's still an advisor. We're looking to work closer with DXC on a couple of engagements in the UK and in Australia.

    Q: Have you considered doing interviews with youtube crypto influencers/shillers. (paraphrased)

    A: from my perspective we like to speak with credible influencers in the crypto space who don't operate under a 'cash for comments' fee structure which is why we are big fans of Brad. Some of the practices in the crypto space are not 'necessary evils' but highly unethical. Even the ones who claim 'never accept money for interviews' operate under undisclosed 'advisory' roles where they ask for extortianate rates in tokens. Also, over the last 10months Gilbert and Quant have been featured in New York Times, New Scientist Magazine, Politico, USNews, and even had an op ed published on Fox (which wasn't our target but it has massive reach so it doesn't hurt) plus behind the scenes he has done an amazing job of doing 1:1 briefings with the most senior staff members from Washington Post, CNN, msnbc, bloomberg and even did an interview for Al Gore's Climate Change Newsletter etc. i don't know if you all appreciate, how significant this is because most established companies take years to set up relationships and get in front of these types of reporters and they all know Gilbert now and if they want to write articles blockchain and need quotes and backgrounder info exactly they come to us.

    Thanks for reading!

    submitted by /u/Grills93
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    NEM Partners With VNX Exchange on Security Token Protocol

    Posted: 08 Oct 2018 03:45 PM PDT

    IMF Issues Stark Warning Over Bitcoin And Crypto 'Rapid' Growth

    Posted: 09 Oct 2018 12:26 AM PDT

    Expert: Self-Regulation on Crypto Exchanges Not Enough to Appeal to Institutional investors

    Posted: 08 Oct 2018 09:20 PM PDT

    Popular Youtuber (>2 million subs) interviews Naomi Brockwell about Bitcoin!

    Posted: 08 Oct 2018 10:15 AM PDT

    Cobinhood scamming people

    Posted: 09 Oct 2018 02:05 AM PDT

    I haven't had the time to post this until now, I already have my coins after threatening them to sue and almost a month of waiting. But since it happened, I've been having the need to advise people in the crypto space against using Cobinhood exchange, it sounds cool to trade without any fees, but check this out. This happened a month ago:

    On September 5th I tried to withdraw some IOTA (MIOTA) from Cobinhood to Binance since the first has been losing trading volume (not like they had a lot though) for the last days/weeks, and trading has become almost impossible.

    Now, I'm pretty experienced in the crypto space, and in the computers/internet world. I know that sometimes withdrawing funds from an exchange can take hours, even a day or two in the worst case scenario. Let's be honest, the whole crypto space is in like alpha or beta phase, we are all early adopters here, and of course there a lot of risks that we are all aware that exist, and we are fine with that.

    From my previous experiences, withdrawing funds from an exchange never took more than an hour, Binance, Kucoin, Huobi, etc. But I was keen to give it some time, I had no rush to get those coins on Binance.

    After 24 hs, nothing, but hey! no problem! this is crypto! we are still in testing and learning phases, just chill dude! Just for curiosity I check the transactions history on Cobinhood, "Processing". So it means it hasn't even left the exchange yet. A small sign appears when I hover my mouse cursor over "Processing", something on the lines of "If more than 24 hs have passed please contact [support@cobinhood.com](mailto:support@cobinhood.com). So, I just shot them a quick email:

    > Sep 6, 14:17 CST

    >Hi

    >It's been more than 24 hs since I withdrew some MIOTA from the exchange, and it is still in processing status. Could >you do something about it please? >Thank you.

    8 minutes later I get a reply but I see 20 minutes after, first thing I thought, even without reading the email, was "Damn! That was quick! Terrific support! Probably is nothing and they are going to solve it pretty soon"

    >>Sep 6, 14:26 CST

    >>Hi there,

    >>Thanks for the message!

    >>Please provide the information below. This will help shorten the process time:

    >> - Your USER ID (the email address you registered)

    >> - Transaction information (e.g. TxHash / screenshot/ name of exchange or wallet used)

    >>\Transaction information is a MUST for deposit/withdrawal issue*

    >>*Please copy and paste the TxHash (TxID) to this message

    >>Thanks for your support!

    >>Cheers, Ali

    My reply:

    >>>Sep 6, 14:42 CST

    >>>USER ID: myuserID@blahblahblah.com

    >>>MIOTA wallet. Screenshot attached. As you can see, there is no TxHash yet, because it hasn't been processed after 25 >>>hs.

    >>>Attachment(s)

    >>>Capture.JPG https://imgur.com/a/Eus7JdO

    Support:

    >>>>Sep 6, 14:53 CST

    >>>>Hi there,

    >>Thank you for your reply. We've referred your issue to our team, please kindly wait. We will inform you if there are >>any updates, thank you.

    >>>>Cheers, Ali

    I wait 1 more day, I check Cobinhood, still "processing", and reply:

    >>>>>Sep 7, 13:33 CST

    >>>>>48 hs now... still "processing"... a simple transaction that should have taken an hour at most.

    No answer

    1 week later, same thing:

    >>>>>>Sep 11, 13:18 CST

    >>>>1 week already, 7 days and no notice from you at all. A simple transaction that should have taken less than an >>hour, it has taken 7 DAYS already. Is this a joke? Is this really the way you want to compete with the leading >>exchanges? How hard is to solve a stucked transaction? I can't believe that after 7 days it is still "processing" on >>>>your end. Please solve it, this is so unprofessional.

    They replied:

    >>>>>>>Sep 11, 13:29 CST

    >>>>>>>Hi Martin,

    >>>>>COBINHOOD exchange is currently implementing system maintenance for MIOTA. We've referred your issue to >>>our tech team, please kindly wait. We apologize for any inconvenience this may have caused you,we appreciate >>>>>your support and understanding as we continue to improve our services.

    >>>>>>>Best regards, Ali

    Mmmm, that's weird, I haven't seen any notice of a maintenance and I follow Cobinhood on Telegram, Twitter, Reddit, etc. and nothing. Ok, sounds like an excuse, but let's not be that guy and check the facts. If they are saying that the wallet is currently under maintenance, I shouldn't be able to use it right? Nobody should be able to use it right? So I logged in, and checked the wallet... not only it was completely available to withdraw but to deposit too... There was NO maintenance. But I thought, OK, they are obviously lying, but hey! let's give them some more time to solve it, before we go all RAGE MODE.

    A week later (2 weeks after the withdrawal), I recieve an automatic email from Cobinhood, asking for feedback on the now "SOLVED" issue. I thought "Solved? WTH?" I check the Tx, still "processing", I check Binance (maybe their system failed to email me when they got the deposit), nothing. That was the point where I started to rage. So I did the feedback quiz detailing everything and threatening to sue them. Nothing, no answer, no reply, nobody tried to contact me.

    A week later (3 weeks after the withdrawal) I email them for the last time:

    >>>>>>>>Sep 19, 15:53 CST

    >>>>>>3 weeks already and nothing has changed. Don't tell me there is a system maintenance for MIOTA, because >>>the wallet is and has been available to use for everyone, if there was a maintenance why can we still use it? If >>>>>you don't solve this in the next couple of days I'm going to take action on this matter.

    They never replied, but a couple of hours later I recieved an email from Binance notifying me about the deposit.

    I'm not the only one that went through this, and probably there is a lot of people that have no intentions to start a legal battle against an exchange, so they don't give them their money back for a long time, or never. Here are some other examples just on reddit, imagine on other platforms, imagine the people that doesn't even make this public:

    https://np.reddit.com/r/cobinhood/comments/9lqmxu/my_withdrawal_is_not_being_sent_for_more_than_24/

    https://np.reddit.com/r/cobinhood/comments/9adpq0/how_you_going_to_help_your_customers/

    (This guy typed the wrong address, but he realized when he recieved the email to confirm the withdrawal, so he didn't confirmed, and another endless story of poor support help started)

    https://np.reddit.com/r/cobinhood/comments/8j41fh/withdraw_processing_for_48_hrs/

    https://np.reddit.com/r/cobinhood/comments/7q1a84/eth_deposit_how_long_does_it_take_i_have_938/dspil9l

    https://np.reddit.com/r/cobinhood/comments/7mtsev/cant_withdraw_anything_feeling_scammed/

    https://np.reddit.com/r/cobinhood/comments/7pzp5i/it_has_been_96_hours_and_i_still_havent_gotten_my

    Conclusion... try to use DEX exchanges, or if using centralized ones, use only the trustworthy ones.

    submitted by /u/tincho5
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    Gov’t of South Korea is Endorsing Crypto and Blockchain Like No Other Region

    Posted: 09 Oct 2018 02:46 AM PDT

    World Trade Organisation report: Ripple, IOTA, Bitcoin & Ethereum are groundbreaking technologies but there are issues to be solved

    Posted: 08 Oct 2018 06:20 AM PDT

    What is Security token offering? and How it is diffrent from intial coin offering? Explained well in this article.

    Posted: 09 Oct 2018 02:58 AM PDT

    NULS has formed a strategic alliance with Ulysses Capital and appoints Isaac Kim as COO

    Posted: 08 Oct 2018 09:06 PM PDT

    BlockMagic’s Second Quest Starts this Week ❄️ ��️ A real RPG with game assets tokenized on the Blockchain!!

    Posted: 08 Oct 2018 09:19 AM PDT

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