• Breaking News

    Sunday, December 2, 2018

    Home Unlabelled Cryptocurrency Daily Discussion Megathread - December 2, 2018

    Cryptocurrency Daily Discussion Megathread - December 2, 2018

    December 02, 2018

    Cryptocurrency Daily Discussion Megathread - December 2, 2018

    Daily Discussion Megathread - December 2, 2018

    Posted: 01 Dec 2018 09:59 PM PST

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

    To see the latest Weekly Skeptics thread, click here

    To see the latest Weekly Support Discussion, click here

    Disclaimer:

    Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and excercise utmost caution before acting on any trade tip mentioned here.

    PnDs and brigades are not sanctioned by the mod team in any way as they violate rule III. If you discover this thread is being used for these activities, bring it to the mod teams's notice via the modmail.

    Rules:

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 The prior exemption for karma and age requirements is no longer in effect.

    • Discussion topics must be related to cryptocurrency.

    • Comments will be sorted by newest first.

    Guidelines:

    • Questions, debates, meta issues, etc are all welcome.

    • Breaking news should be posted separately from this thread.

    Resources and Tools:

    • To view live streaming comments for this thread, click here. Account permissions are required to post comments through Reddit-Stream.com.

    • Click the RES subscribe button below if you would like to be notified when comments are posted.

    • Consider checking out our Weekly Skeptics Thread for discussion focused solely on critical analysis. Click here and select the latest thread on the search listing.

    Thank you in advance for your participation. Enjoy!

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

    This years crypto trading summary!

    Posted: 01 Dec 2018 01:40 PM PST

    Why TF isnt reddit onboard? We could be tipping each other for good content and have a true economy running where people can earn for quality content. Instead they chose the shitcoin $ suggested: open up reddit to BTC, LTC, ETH, etc.

    Posted: 01 Dec 2018 05:21 PM PST

    This Week In Crypto

    Posted: 01 Dec 2018 05:26 PM PST

    XLM Fork XLA Scam!

    Posted: 02 Dec 2018 02:02 AM PST

    When BTC still was dirt cheap!

    Posted: 01 Dec 2018 10:57 PM PST

    Say hello to Coolwallet S!

    Posted: 02 Dec 2018 01:27 AM PST

    Siam Commercial Bank is using XRP (Confirmed by Dan Morgan)

    Posted: 01 Dec 2018 05:11 PM PST

    We need to stop looking for an overnight recovery. Its not coming..

    Posted: 02 Dec 2018 01:33 AM PST

    Bitcoin follows a similar pattern. 90% of the time it doesn't move violently. Most of the time it is either gradually dropping or gradually rising. I personally think we are around the bottom now and will gradually move upwards over the coming year or so. What never happens is a snap back to aths. But people are taking every 5% move in both directions as proof we are gonna crash or moon. When actually we are gonna more than likely gradually rise from here. Just don't expect a sudden move.

    submitted by /u/Bitbaby11111
    [link] [comments]

    Crypto Currency is not Winner-take-all

    Posted: 02 Dec 2018 02:42 AM PST

    I was just giving more thought to the debate on which crypto currency is going to be "adopted" the other day and the idea that we'll have one dominant currency that will be used to transact. Since I joined crypto, my thoughts on this, and the community as a whole, seemingly, have shifted and morphed multiple times.

    My opinion, however, is that we'll continue to have a number of mainstream cryptocurrencies that will remain popular and highly used. I used to think otherwise, then before that I thought something similar around the time when Bitcoin was thought to be "digital gold".

    Now the reason for this line of thinking is actually simple. I believe people will value the attributes of various currencies (like today, just continuing past widespread adoption). And, it revolves around communities, school of thought, trust, and the decentralized design you believe in and thereby choose to hold your wealth. I no longer see a winner take all scenario. I don't think this is necessary either (not to mention healthy for the ecosystem). I believe we'll have more wallets that support all the leading currencies, gateways and POS that do the same, with currency conversion offered on the fly if desired.

    It's like PayPal, you can send someone EUR but they can request to receive that as USD. I see the same for personal crypto wallets, POS systems, etc. The ecosystem isn't quite there yet, but we'll get there.

    People may choose to convert their payments, received in various currencies, to BTC because it's the most well known, is the least volatile or because it's their favorite and where they put their trust. Or, maybe they choose Nano because they have more faith in DPoS as a long term viable alternative to POW and it's eco-friendly design, or Monero because they value the highest level of privacy. Whichever coin is chosen, it's whatever you value and desire.

    So, what I'm saying here is that I don't see a winner-take-all scenario playing out at all. It won't be necessary or desired since people will have their currency of trust and choice.

    Think about it this way. Assume you could use any fiat in the world almost anywhere you go. All the major country's fiat currencies are supported, you have a choice. Now, which one will you keep your savings in? Which one will you keep in your daily spend wallet? How many currencies will you hold? And why? Is it because you trust that government more? Or you like their monetary policy more? Is it because their federal reserve doesn't print as much money, or because you think the demand for their currency will increase more over time?

    I see crypto currencies as being much more than a protocol and open sourced nodes/wallets that live on github for you to download. These aren't one and done projects or currencies where we'll get one that's perfect and stable and then it's game over. On the contrary, these are communities, each with their own school of thought, direction and opinions about what makes the most appealing, fair and distributed currency, not much different from a government and their federal reserve.

    By holding a currency of choice, you're choosing to do so because you like the direction of that coin/community for whatever reason. I think this is great and healthy, it allows us to continue to learn and innovate, provides options and allows for us to hold a currency that's the best vehicle for our needs.

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

    Here's an interesting discussion about how blockchain is impacting the financial world and huge companies such as Visa and MasterCard

    Posted: 01 Dec 2018 11:52 PM PST

    One of the Oldest Bookstores in India Now Accepts Bitcoin Payments

    Posted: 01 Dec 2018 11:35 PM PST

    The gang gets jaded

    Posted: 02 Dec 2018 12:17 AM PST

    Breaking: G20 Discusses International Cryptocurrency Tax

    Posted: 02 Dec 2018 02:31 AM PST

    November Has Been Bitcoin’s Worst Month for Seven Years

    Posted: 01 Dec 2018 04:11 AM PST

    The Petro Is An ICO Scam, Hyperinflation Continues In Venezuela Unchecked

    Posted: 02 Dec 2018 12:08 AM PST

    The Petro Is An ICO Scam, Hyperinflation Continues In Venezuela Unchecked

    ​

    https://i.redd.it/hpbr9fm4ot121.jpg

    http://genesisblocknews.com/the-petro-is-an-ico-scam-hyperinflation-continues-in-venezuela-unchecked/

    The cryptocurrency that is supposed to be backed by petroleum, gold, iron, and diamonds as well as the first cryptocurrency created by a government appears to be just a big ICO scam. There is no sign that the Petro actually exists. Currently the Venezuelan government is offering Petro certificates in exchange for major fiat currencies, but buyers do not receive any actual cryptocurrency. The Petro block explorer continues to be non-functional, with no transaction data or blocks viewable, and a fake block counter slowly increasing on the bottom of the page, with no relevance to reality. What's worse than a shitcoin? A fake shitcoin. Ultimately, the Petro is no better than the Bolivar, since the Venezuelan government can print it at will. In-fact, it might be worse, since at least the Bolivar is a functioning currency, and the Petro cryptocurrency simply does not exist.

    The sad part about this story is that if Venezuela launched a real cryptocurrency with a limited coin supply it could save their country's economy, or even if they just simply adopted Bitcoin. Venezuela is rich in minerals, petroleum, tourism, and natural resources, and the only reason they are having an economic crisis is because their fiat currency has been abused to balance the budget of an out of control and greedy government. The only thing holding Venezuela back is the lack of a stable currency, and a cryptocurrency could have filled that gap, but Maduro and the Venezuelan government is abusing the Petro in a last ditch attempt to make even more money off of Venezuelan's before his house of cards burns up.

    Bloomberg created the Cafe Con Leche Index which measures Venezuelan inflation by purchasing a cup of coffee with a splash of milk at the same Caracas coffee shop at regular intervals. Since 29 October 2018, the day the Petro went on sale to the public, the Bolivar has experienced over 100% inflation, and the chart indicates this inflation is exponentially increasing. Obviously, the launch of the Petro, which is supposed to be backing the Bolivar according to the Venezuelan government, is not slowing down hyperinflation. According to the Cafe Con Leche Index, Venezuelan inflation is 200,000% per year.

    If people needed anymore proof that the Petro is a scam, look no further than the Venezuelan government demanding people buy Petro before 1 January 2019, or they will not be allowed to exchange it for any other currencies. Real cryptocurrencies cannot be banned from trading like this, since they are fungible, cryptographically secure and decentralized, and this ban for Petro purchased in 2019 and beyond proves that the Petro is just a non-fungible paper certificate at this point.

    It does not make any sense that the Venezuelan government did not launch an actual cryptocurrency. I create cryptocurrencies for $10 USD, the ad is at the top of the site. It is ridiculous that Venezuela cannot make their own cryptocurrency, when people have invested millions of USD, if I can do for it $10.

    Fortunately, Venezuelans do have the choice of purchasing actual Bitcoin to quench their desire for a relatively stable currency that holds its value, and there is no reason they need to buy into this government ICO scam. If the Venezuelan government was being honest, they would have just integrated Bitcoin in the first place, since Bitcoin is the best cryptocurrency by far.

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

    Old days of BTC!

    Posted: 02 Dec 2018 02:02 AM PST

    On This Day In Crypto History

    Posted: 01 Dec 2018 05:10 PM PST

    On this day in #CryptoHistory

    2017: Bitcoin surpassed $10k as futures approved

    2016: Chinese capital controls sparked Bitcoin interest

    2015: PayPal states 'Using Bitcoin to top up is illegal'

    2013: Bitcoin price hit $1200 up 1000% in 2 months

    2012: The 1st Block Reward Reduction took place

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

    Blockchain is more than a market. It’s a movement.

    Posted: 02 Dec 2018 01:53 AM PST

    Mathematicians calling a hypercrash of gloabl economy within several years

    Posted: 01 Dec 2018 10:00 PM PST

    Floyd 'Crypto' Mayweather & DJ Pay SEC $0.75M Over 'Unlawful' ICO Promotion

    Posted: 02 Dec 2018 12:25 AM PST

    @JStefanop1: We did it! One month late, sleepless nights, and a few heart attacks later...here is the first production version of the #FuturuBit Apollo #LTC #ASIC #HomeMiner straight off the line. Super proud to be producing the world’s most effecient scrypt miner, and first true home miner!

    Posted: 01 Dec 2018 02:48 PM PST

    The Cryptocurrency market needs derivatives. Crypto derivatives can attract large professional investors and institutions to the market, while also putting pressure on regulators to act fast and deliver legislation.

    Posted: 01 Dec 2018 11:35 PM PST

    VanEck SolidX Pushes for Bitcoin ETF Approval in Latest Meeting with SEC

    Posted: 02 Dec 2018 12:36 AM PST

    Burst's latest development - Capabilities of new Aspera Wallet.

    Posted: 02 Dec 2018 04:16 AM PST

    Millions of dollars still stuck with Bitfinex, here's a growing list of confirmed withdrawal delays!

    Posted: 01 Dec 2018 08:35 AM PST
    Read more
    at

    No comments:

    Post a Comment