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    Cryptocurrency Daily Discussion Megathread - December 23, 2018

    December 23, 2018

    Cryptocurrency Daily Discussion Megathread - December 23, 2018

    Daily Discussion Megathread - December 23, 2018

    Posted: 22 Dec 2018 09:55 PM PST

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

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    submitted by /u/CryptoCurrencyMod
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    Revealed: Germany's 2nd Largest Stock Exchange Listing Bitcoin, XRP, Ethereum and Litecoin on Crypto Trading Platform

    Posted: 22 Dec 2018 02:08 PM PST

    Red4Sec Complete Penetration Test of Nano Representative Nodes

    Posted: 22 Dec 2018 10:34 PM PST

    Six New Cryptocurrency ATM Machines Installed Every Day in 2018

    Posted: 22 Dec 2018 09:56 PM PST

    How many cryptocurrencies logos do you know? Try out my cryptocurrencies guessing game

    Posted: 22 Dec 2018 11:44 PM PST

    Research: 13% of Russians use cryptocurrencies as an alternative for onlinle purchases

    Posted: 23 Dec 2018 01:28 AM PST

    Coinbase expecting big 2019 after signing up 'hundreds' of institutions

    Posted: 22 Dec 2018 01:42 PM PST

    When Investingin In The Stocks Seems Crazy.

    Posted: 23 Dec 2018 03:01 AM PST

    Ron Paul says its Time to end the FED, Endorses Tax-Free Bitcoin

    Posted: 22 Dec 2018 06:50 AM PST

    So my friend made me a cake for my birthday...

    Posted: 22 Dec 2018 02:05 PM PST

    The Xtrabytes scam needs to be shut down and the people need to face criminal charges

    Posted: 22 Dec 2018 02:36 PM PST

    I came across something the other day that caught my attention. I decided to finally read their first ever post: https://bitcointalk.org/index.php?topic=1793468.0 on bitcointalk.org. Until now, I had only looked at the first page or two. Some interesting bits from the first few pages:

    • XBY co-founder, Borzalom says that he was an investor in Bitmox, a dead project that turned out to be a scam. He says he's is going to repair Bitmox's code and repair the node network, and that he is going to keep the coin and ticker, XBY, because it's already listed on exchanges. Says he's a 'real person and real developer' and that he is making the whole thing 'transparent'.

    1 year and 10 months later, we have no actual proof that he is a real person (at least not who he claims to be). The proof he is a real developer is extremely limited. We have zero proof he is capable of developing what he claims he has. XBY has been anything but transparent. All 3 of these claims appear to be to entice people into buying into this scam.

    • He claims he contacted C-Cex about what happened with Bitmox, and that they said the understood and will work with him, and that they have put the coin in 'Maintenance' mode.

    This should have NEVER been done, though it's not surprising that C-Cex would do something this stupid. They should have delisted XBY, forcing Borzalom to start from scratch and apply for listing on the exchange with a new coin he has created. Had they done this, it's likely this whole scam would have never happened, as he has shown no development skill and likely could not have made anything from scratch.

    • He says he's going to recover the blockchain, repair the code, hard fork XBY, and premine all the coins. He claims that premining will get the 'best results', which he says later on that the coin's security depends on it [premining]. He says after the premine, all coins should be sent to an address that he claims is the Bitmox ICO address. I'm guessing that either 1. This was either his own wallet. 2. He somehow gained access and took over Bitmox's wallet. 3. He was able to access the wallet because he was someone on the Bitmox team. He says he can't do the premine because his graphics card isn't good enough. So someone else will have to do it and then send the coins to the address. I suspect this is an attempt to cover his tracks and gain plausible deniability. Borzalom proceeds to list a ton of projects with the same code, which is full of scam code, Bitmox used to show they just copy and pasted the code. This is where he begins the 'closed source project'

    No additional code has ever been shown. The new algorithm he claims to have created, Proof of Signature, has never been seen or proven. Given the details, It's likely that he never did any additional coding after the hard fork.

    • CCR comments discussing how this all started and shows an image of a post Borz made (assuming on bitcointalk), which caught his attention. Unfortunately the picture has been removed. He then says says he private messaged Borz, and that he 'will show the first two messages' and posts a picture, which has been removed. I'm assuming all this is to establish credibility and be transparent. But, it raises eyebrows more than it establishes credibility. Why only the first two messages? Why any at all? It's too try-hard. I'm guessing after the first two messages, they began discussing how to shape this scam. He says that Borz is a 'good man, with strong ethics, a brilliant mind, and a desire to create something great for the blockchain world.' CCR says of himself: ' I too am an open and honest communicator with strong ethics and integrity, along with a desire to help people make money.'

    • He has not ever been an open and honest communicator. Neither of them exhibit strong ethics. Borzalom has yet to show his 'brilliant mind'. The only desire either of them have shown is a desire to fuck people over. In this same comment, CCR tells the community, 'We also do not ask that you trust us because we know trust is gained over time as we reach milestones...'. I'm guessing this too was said in order to make them seem like honest, good people and gain credibility. They have stuck true to this belief in essence though. They did what they needed to do early on to gain trust. But, anyone that knows this team knows that they set minuscule milestones and act like they saved the world, while failing to deliver on the bigger milestones.

    If you care to continue reading, they get called out be being a scam within the first few pages by multiple users. The delays and stalls start almost immediately. Borz has never shown any additional code, as it doesn't exist.

    Some additional links:

    This has all been discussed many times and this Bitcoin Talk post does a great job putting all the pieces together.

    Here is a post that contains a message from CCR says the patent is all a delay tactic.

    Within these posts, there are messages from CCR saying that he's been selling his XBY. https://imgur.com/a/QtMXi0q

    You can find Borzalom' real identity, as well as old posts from 3 coins, like Identity, that he copied from someone else and then shut down abruptly out of nowhere. He claims he's from Hungary, but he had a business registered in Florida. Everything points to him living in Florida. He's not deaf and he's not a world class coding god.

    It kind of becomes a rabbit hole of sorts, but if you care to read, it's quite interesting and IMO proves without a doubt XtraBytes is 100% a scam.

    Nothing has changed. Borzalom and CCR are criminals. They deserve to be in prison. There is enough proof of XBY being a fraud and conversely no proof their technology exists whatsoever.

    XtraBytes needs to be shut down and the people responsible need to face criminal charges, that includes all their mods and team members that KNOW this is a scam, but keep it up because they're being paid.

    submitted by /u/cameron0208
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    ARK introduces ARK Pay, a solution that will allow merchants to accept ARK

    Posted: 23 Dec 2018 12:03 AM PST

    How to Use Upfiring: A Walkthrough of the Upfiring dApp

    Posted: 22 Dec 2018 01:56 PM PST

    Should you invest in ETH?

    Posted: 23 Dec 2018 03:35 AM PST

    What are the major events coming up for ETH in the next year and beyond?

    I heard about the switch to prove of stake, how could this affect the price? I heard there will be 30% less ETH mined soon.

    Since there is no halving events, could there be just more and more ETH in the future, not having the BTC type of scarcity deflation?

    Why should there be price gains with ETH? Where do you bet the price to be 2, 3 years from now.

    submitted by /u/Geoku11
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    This week in crypto

    Posted: 22 Dec 2018 10:23 AM PST

    Store in Vienna selling BTC and merchandise

    Posted: 22 Dec 2018 09:27 AM PST

    Coinbase CEO To Donate Crypto Wealth, Joins Buffet-backed Philanthropic Effort

    Posted: 22 Dec 2018 04:25 PM PST

    Just going to leave this here.

    Posted: 22 Dec 2018 04:36 AM PST

    Cryptocurrency Market Update Dec 23rd 2018 - Stocks Crash, Crypto Rallies

    Posted: 22 Dec 2018 09:22 PM PST

    Whatsapp's stablecoin will first be launched only in India. Might result in a government ban for the 20M-User App.

    Posted: 23 Dec 2018 03:48 AM PST

    Daily USD Withdrawal Limits for LARGE withdrawals

    Posted: 22 Dec 2018 04:55 PM PST

    Is there a good resource listing different exchanges and what their USD withdrawal limits & fees are?

    At the crypto peak, I suddenly found myself unable to withdraw many millions, and only managed to get a few hundred grand out before it crashed and I decided to hold. In hindsight, I wish I sold everything to USD on Kraken, but I didn't like the idea of having millions of dollars sitting on an exchange for many months while I slowly withdrew. I prefer the safety of cold storage.

    I'd like to be more ready for the next time around. I've done a bit of research myself, but it's often quite hard to find out these details without signing up, and even then it's often not listed!

    Kraken seems to be 25,000 USD per day.

    Bitfinex is apparently 'unlimited', but I was recommended to do multiple 'smaller' transactions of 100,000 USD. Is this correct?

    Where else is trustworthy and good for withdrawals? What are the limits?

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

    The Next Recession Is Coming. Can Cryptocurrencies Become a Hidden Gem to Protect Your Portfolio?

    Posted: 22 Dec 2018 01:08 PM PST

    2018 wasn’t that bad^^

    Posted: 23 Dec 2018 01:54 AM PST

    Issuance Inc. Announces Partnership with Prime Trust, a Crypto-Custodial Service

    Posted: 22 Dec 2018 09:45 PM PST

    Charles Hoskinson Holiday AMA

    Posted: 22 Dec 2018 08:44 PM PST
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