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    Cryptocurrency Daily Discussion Megathread - November 30, 2018

    November 30, 2018

    Cryptocurrency Daily Discussion Megathread - November 30, 2018

    Daily Discussion Megathread - November 30, 2018

    Posted: 29 Nov 2018 10:07 PM PST

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

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    Rules:

    • All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.

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    Thank you in advance for your participation. Enjoy!

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

    Satoshi's p2p foundation account just became active for the first time since 2011.. Posted a status "nour" and added some random guy

    Posted: 30 Nov 2018 01:17 AM PST

    When a 2017 bitcoin buyer goes on vacation

    Posted: 29 Nov 2018 07:50 AM PST

    A new scammer on reddit is online!

    Posted: 29 Nov 2018 11:21 PM PST

    A new scammer named New_Fondant is on reddit now. He sends a KYC link for myetherwallet.com to everyone. It's an excellent phishing site. Be careful.

    This is the link he sent me: ww w.myetherwallet.16mb.com

    My old post was removed for not have high enough character count so here it goes:

    Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning. Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning Warning.

    submitted by /u/ankitpathak1432
    [link] [comments]

    Bank are crooks: Bank Of America alone pays as much fine for fraud and misconduct as the entire market cap of Bitcoin

    Posted: 29 Nov 2018 05:49 PM PST

    Coinbase quietly adds no-fee PayPal withdrawals

    Posted: 30 Nov 2018 03:14 AM PST

    Oceanex is live now

    Posted: 29 Nov 2018 11:26 PM PST

    "Cryptocurrencies" was a category on tonight's Jeopardy! Thank you Alex Trebek!

    Posted: 29 Nov 2018 07:17 PM PST

    "Cryptocurrencies" was a category on tonight's Jeopardy! Thank you Alex Trebek!

    And the contestants waited until last to pick the category! All clues were answered correctly (according to misinformed judges at Jeopardy HQ). We're getting there!

    The clues:

    Q200: An altcoin is any unit of cryptocurrency other than this original one.

    Q400: A lawsuit from this rapper killed off the Coinye currency.

    Q600: Each transaction is a "block" connected in these digital ledgers that enable cyrpocurrencies to work.

    Q800: This three letter chat app created it's own currency, the very similarly named KIN.

    Q1000: In 2018, this South American country launched the Petro currency backed by oil reserves. (Daily Double)

    ​

    https://i.redd.it/v4tv8l3q4e121.jpg

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

    So the scam begins

    Posted: 29 Nov 2018 09:30 PM PST

    Crypto is dead! Or is it?

    Posted: 30 Nov 2018 03:44 AM PST

    THEKEY MVP/Mainnet Progress Report

    Posted: 30 Nov 2018 01:39 AM PST

    The average U.S. household joins more than 18 customer loyalty programs, many of them are in the food industry. Big brands such as Burger King are already exploring blockchain. Getting blockchain to daily use of millions of people all over the world can significantly improve the market image.

    Posted: 30 Nov 2018 02:01 AM PST

    DJ Khaled and Floyd Mayweather Jr. Charged With Unlawfully Touting Coin Offerings

    Posted: 29 Nov 2018 01:40 PM PST

    Just released: APEX Blockchain Testnet: Phase 1 - run your own testnet node

    Posted: 30 Nov 2018 02:06 AM PST

    So less than a year after collecting $4Bn to design the database EOS, Dan Larimer is choosing to work on another coin. Never change Dan

    Posted: 29 Nov 2018 07:16 AM PST

    A reminder on why cryptocurrency was invented in the first place.

    Posted: 29 Nov 2018 12:55 PM PST

    I've taken this from a post I've saved a while ago and I usually come back to it to remind myself on the significance of cryptocurrency and why it's here to stay. I would post the link but for some reason it wouldn't let me.

    ​

    • People used to pay each other in gold and silver. Difficult to transport. Difficult to divide.
    • Paper money was invented. A claim to gold in a bank vault. Easier to transport and divide.
    • Banks gave out more paper money than they had gold in the vault. They ran "fractional reserves". A real money maker. But every now and then, banks collapsed because of runs on the bank.
    • Central banking was invented. Central banks would be lenders of last resort. Runs on the bank were thus mitigated by banks guaranteeing each other's deposits through a central bank. The risk of a bank run was not lowered. Its frequency was diminished and its impact was increased. After all, banks remained basically insolvent in this fractional reserve scheme.
    • Banks would still get in trouble. But now, if one bank got in sufficient trouble, they would all be in trouble at the same time. Governments would have to step in to save them.
    • All ties between the financial system and gold were severed in 1971 when Nixon decided that the USD would no longer be exchangeable for a fixed amount of gold. This exacerbated the problem, because there was now effectively no limit anymore on the amount of paper money that banks could create.
    • From this moment on, all money was created as credit. Money ceased to be supported by an asset. When you take out a loan, money is created and lent to you. Banks expect this freshly minted money to be returned to them with interest. Sure, banks need to keep adequate reserves. But these reserves basically consist of the same credit-based money. And reserves are much lower than the loans they make.
    • This led to an explosion in the money supply. The Federal Reserve stopped reporting M3 in 2006. But the ECB currently reports a yearly increase in the supply of the euro of about 5%.
    • This leads to a yearly increase in prices. The price increase is somewhat lower than the increase in the money supply. This is because of increased productivity. Society gets better at producing stuff cheaper all the time. So, in absence of money creation you would expect prices to drop every year. That they don't is the effect of money creation.
    • What remains is an inflation rate in the 2% range.
    • Banks have discovered that they can siphon off all the productivity increase + 2% every year, without people complaining too much. They accomplish this currently by increasing the money supply by 5% per year, getting this money returned to them at an interest.
    • Apart from this insidious tax on society, banks take society hostage every couple of years. In case of a financial crisis, banks need bailouts or the system will collapse.
    • Apart from these problems, banks and governments are now striving to do away with cash. This would mean that no two free men would be able to exchange money without intermediation by a bank. If you believe that to transact with others is a fundamental right, this should scare you.
    • The absence of sound money was at the root of the problem. We were force-fed paper money because there were no good alternatives. Gold and silver remain difficult to use.
    • When it was tried to launch a private currency backed by precious metals (Liberty dollar), this initiative was shut down because it undermined the U.S. currency system. Apparently, a currency alternative could only thrive if "nobody" launched it and if they was no central point of failure.
    • What was needed was a peer-to-peer electronic cash system. This was what Satoshi Nakamoto described in 2008. It was a response to all the problems described above. That is why he labeled the genesis block with the text: "03/Jan/2009 Chancellor on brink of second bailout for banks.". Bitcoin was meant to be an alternative to our current financial system.

    So, if you find yourself religiously checking some cryptocurrency's price, or bogged down in discussions about the "one true bitcoin", or constantly asking what currency to buy, please at least remember that we have bigger fish to fry.

    We are here to fix the financial system.

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

    It's official: Ohio is First State to Accept Crypto for Tax Payments

    Posted: 29 Nov 2018 10:27 PM PST

    Tether – The USD Backed Crypto Re-Enables Direct Fiat Withdrawals

    Posted: 29 Nov 2018 11:34 PM PST

    Bitcoin is Criminal Money Says the Media While Deutsche Bank Gets Raided for Laundering

    Posted: 29 Nov 2018 09:56 AM PST

    Coin360: Daily Market Overview, November 30

    Posted: 30 Nov 2018 04:05 AM PST

    THEKEY MVP/Mainnet Progress Report

    Posted: 30 Nov 2018 01:39 AM PST

    Which coins do you have in your watchlist?

    Posted: 30 Nov 2018 02:47 AM PST

    Accurate visualization of daytrading crypto

    Posted: 30 Nov 2018 04:07 AM PST

    Fidelity Digital Assets To List Top 5-7 Cryptos In Planned Expansion | Thinking Crypto

    Posted: 29 Nov 2018 09:35 PM PST

    5 Reasons why Bitcoin and Utility Tokens Crashed and why Security Tokens are the Future

    Posted: 29 Nov 2018 05:41 PM PST
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