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    Cryptocurrency Daily Discussion - April 19, 2019 (GMT+0)

    April 19, 2019

    Cryptocurrency Daily Discussion - April 19, 2019 (GMT+0)

    Daily Discussion - April 19, 2019 (GMT+0)

    Posted: 18 Apr 2019 05:14 PM PDT

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

    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 exercise utmost caution before acting on any trade tip mentioned here.

    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 The prior exemption for karma and age requirements is no longer in effect.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.
    submitted by /u/AutoModerator
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    Ripple creators apparently sold yet another 20M tokens OTC. They are not intending to make you rich, only themselves.

    Posted: 18 Apr 2019 11:03 PM PDT

    As we all know, the organization behind XRP ecosystem development holds about 50% of the supply. They constantly move around a lot of coins, but they obviously don't airdrop them, so we can only assume that they use them to enrich themselves. Big market actors can buy tokens directly from the Ripple organization, so they don't have to market-buy from the average joe. Link to transaction on the block explorer: https://bithomp.com/explorer/77B1A453310198A29C00870EED95D56A018EBE8F88DF150542B0BF984C597469

    To me, there is only one conclusion: Boycott Ripple and XRP! The bankers are not going to make you rich! If you still think their products are useful, use XRP for what it is: an intermediary token for transfer/conversion of value. You should still look into other project for fast and low-fee payments, there are several who carry the open source spirit. For hodling, there also are nice projects out there, with low inflation and promising tech.

    submitted by /u/WishYouWereHeir
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    VeChain ecosystem looks sick

    Posted: 18 Apr 2019 10:44 AM PDT

    ‪Look who’s trying to catch up ;)

    Posted: 18 Apr 2019 10:02 PM PDT

    Presidential Candidate Andrew Yang Calls for 'Clear Guidelines' on Crypto

    Posted: 18 Apr 2019 12:53 PM PDT

    Please look into Andrew Yang's platform. I love how specific he is on cryptocurrency

    Posted: 18 Apr 2019 06:20 PM PDT

    Introducing WorkPi - "Decentralized Internet of Jobs"

    Posted: 19 Apr 2019 01:49 AM PDT

    Recently, Brendan Blumer claimed he can make bitcoin more decentralized. His comments quickly drew fire from Joe Lubin, who stated that “a platform controlled by 21 crypto bros is just not all that decentralized.״ From an objective standpoint, neither platform is perfect and has a long way to go.

    Posted: 19 Apr 2019 12:26 AM PDT

    BSV just experienced a 6 blocks reorg

    Posted: 18 Apr 2019 10:46 PM PDT

    Nano from purchased on an exchange to my wallet in 50 seconds

    Posted: 19 Apr 2019 12:15 AM PDT

    ICON cooperates with VELIC as a listing partner for ICX Station

    Posted: 18 Apr 2019 06:24 PM PDT

    Coinbase opens in India.

    Posted: 18 Apr 2019 12:00 PM PDT

    Whales Are Accumulating Huge Amounts Of Bitcoin & Crypto | BTC Golden Cross A Few Days Away

    Posted: 18 Apr 2019 07:50 PM PDT

    Be wary of any project that migrates its token to Binance Chain

    Posted: 18 Apr 2019 09:44 AM PDT

    Foreword: This post is focused on projects that migrate or solely issue their token to Binance Chain. It does not apply to wrapped tokens.

    Most complaints about Binance Chain are hinged on the loose application of the 'DEX' label, to which I agree that non-custodial would be far more appropriate. These concerns come with centralization criticisms that I believe are entirely warranted. But I think there is a more pressing matter that should be considered.

    The only time a unique token actually needs to be issued is if that token is programmed with unique functionality (defined within the smart contract). This is what provides dApps the ability to expand the functionality of a platform beyond simply transferring assets from A to B.

    As Binance Chain has no smart contract functionality, there are no uniquely programmed assets.

    If a dApp can migrate to Binance Chain without compromising the service it is offering, then it is a glaring indicator that there is no reason for the token to exist in the first place. This suggests the token was only created as a mechanism to avoid fundraising regulations and negate any potential legal repercussions for malicious behaviour, which in turn should cast doubt on the legitimacy or motives of the project.

    Please note that this is not an attack on Binance or the BNB token; if they can provide a useful service or returns for investors, then power to them and those that are invested. However, it is a warning about any project that hosts its token solely on Binance Chain as opposed to just issuing a wrapped 'B-token' for the sake of leveraging BNB pairs or liquidity. One of these is not like the other, as in the case of a wrapped token, programmed functionality still exists on that token's host chain.

    This commentary can be extended to the majority of initial exchange offerings (IEOs) in general. If a token is not programmed with custom functionality, it realistically has no reason to exist and is likely just a vehicle for unregulated fundraising.

    The only exception to this is if the IEO is being performed to allow instant access to exchanges for investors of a token that will eventually be swapped to another platform with support for programmable assets. That being said, any such token swap promises should be investigated thoroughly.

    submitted by /u/EdgeDLT
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    IOTA - Explaining the Qubic Computation Model: part 6

    Posted: 18 Apr 2019 11:39 AM PDT

    "Bitcoin is always going down" Here is some perspective in the form of a yearly chart for you folks.

    Posted: 18 Apr 2019 04:21 PM PDT

    Head of the World Bank says 'disruptors' like cryptocurrencies have caught her attention...

    Posted: 19 Apr 2019 03:53 AM PDT

    Craig Wright going to Court trying to prove he is Satoshi

    Posted: 18 Apr 2019 03:02 PM PDT

    Bakkt hires former Google and Paypal executive as Chief Product Officer

    Posted: 19 Apr 2019 02:13 AM PDT

    Cryptocurrency Investors Buckle Down as Economic Recession Looms

    Posted: 19 Apr 2019 02:14 AM PDT

    Bitcoin Volume Surges in Brazil, Reaches New Daily High

    Posted: 18 Apr 2019 06:14 AM PDT

    Spectrecoin's v3 - Upcoming coin in the privacy space

    Posted: 19 Apr 2019 03:02 AM PDT

    Caught for Laundering $2.3 Million in Bitcoins to Selling Counterfeit Drugs

    Posted: 19 Apr 2019 02:40 AM PDT

    Establishing presence worldwide is the key to success - FLETA

    Posted: 19 Apr 2019 02:21 AM PDT

    Research Release: AERGO – ChainCuration.exe

    Posted: 19 Apr 2019 02:06 AM PDT
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