Cryptocurrency Daily Discussion - June 10, 2019 (GMT+0) |
- Daily Discussion - June 10, 2019 (GMT+0)
- Limit Order / Stop Order
- Binance Will List Fantom (FTM)
- Ian Balina's "Hall of Fame" ICO; Sparkster opens at 0.15x its ICO price ��
- Fusion's Dejun Qian 1-on-1 Interview - Shark CIA
- Participatory Democracy! A new age of digital democracy with icon
- Comparing Ecosystems of the Top 10 Platforms
- Found my old "Coexist" cap today and was wondering what you think should be the 2019 lineup?
- Russia Considers Creating a Financial Center for Cryptocurrency Trading on the Chinese Border
- CZ Binance hints at future listings: ''$FTM. The first project to go from DEX to Binance. First of many!''
- It's early but I think I may never have to use a surveiled crypto exchange again.
- Why Japan is an interesting test case for crypto / digital currency
- The Internet Candidate: In Conversation with Andrew Yang @ CoinDesk
- Ethereum Welcomes Starks - 550 Tx/sec & 200x Cheaper Gas Fees
- Facebook, Google & Amazon have shown increased interest in crypto. LiquidApps CEO explains; Tech giants are in control of their user's data because their survival depends on it. Fearing for their future, these companies try to control blockchain technology to fit their purposes
- 10 Million Dollar Bitcoin End Game
- Electra mobile wallet is out!
- Interoperability: The Future Of Blockchain Tech
- I created a whale watch bot using the api from whale-alert.io. Any ideas on how best to use this data? also willing to share the code once i get the scheduler done
- Literature Recommendation
- The Financial Stability Board has published a report on Blockchain, "Decentralised Financial Technologies" that reviews the impact of decentralization on global financial stability and the international regulatory environment. Nick Cowan, MD and Founder, GSX Group gave his feedback on the report.
- Zilliqa has now successfully enabled the first-ever smart contract platform built on sharding
- Bitfinex hacker funds move
- Bitcoin Trading Volume Up Despite Falling Price
- Blockchain governance, why it doesnt make sense
| Daily Discussion - June 10, 2019 (GMT+0) Posted: 09 Jun 2019 05:18 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:
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| Posted: 09 Jun 2019 01:31 PM PDT
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| Binance Will List Fantom (FTM) Posted: 10 Jun 2019 03:44 AM PDT | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Ian Balina's "Hall of Fame" ICO; Sparkster opens at 0.15x its ICO price �� Posted: 09 Jun 2019 04:40 PM PDT
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| Fusion's Dejun Qian 1-on-1 Interview - Shark CIA Posted: 10 Jun 2019 02:34 AM PDT
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| Participatory Democracy! A new age of digital democracy with icon Posted: 09 Jun 2019 08:17 PM PDT
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| Comparing Ecosystems of the Top 10 Platforms Posted: 10 Jun 2019 02:18 AM PDT
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| Found my old "Coexist" cap today and was wondering what you think should be the 2019 lineup? Posted: 09 Jun 2019 08:27 PM PDT
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| Russia Considers Creating a Financial Center for Cryptocurrency Trading on the Chinese Border Posted: 09 Jun 2019 03:15 PM PDT
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| Posted: 10 Jun 2019 03:53 AM PDT
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| It's early but I think I may never have to use a surveiled crypto exchange again. Posted: 09 Jun 2019 10:18 PM PDT I recently heard about https://bisq.network, a decentralized alternative to Coinbase, LocalBitcoins, etc. It's a desktop app that reminds me of Napster. A private, peer-to-peer trading platform. It has a list of trading options including face-to-face, but I like Zelle because the fiat transfer is so fast. I just did three trades in my first evening's trial run of Bisq. All went well. If it's always this discreet, fast, and free, I don't see why I'd circle back to any of those platforms that have to bend a knee to the government with all that KYC/AML. You should test drive Bisq too. Note - I am not affiliated with Bisq or getting any kind of reward for posting this here. I'm just a guy that thought you'd want to know we now have a better way to find one another to trade without including the 3rd party (aka crypto bankers). [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Why Japan is an interesting test case for crypto / digital currency Posted: 10 Jun 2019 03:54 AM PDT "From this article -- 7 years ago, Prime Minister Shinzo Abe introduced an economic recovery plan to end deflation with the goal of increasing inflation by 2% within 2 years. Nearly a decade has passed, and the nation has yet to even pass the 1% mark. This begs the question, what steps can be taken to save the Japanese economy?" https://forkast.news/2019/05/09/can-cryptocurrencies-restore-japans-former-economic-glory/ [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| The Internet Candidate: In Conversation with Andrew Yang @ CoinDesk Posted: 09 Jun 2019 05:26 PM PDT
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| Ethereum Welcomes Starks - 550 Tx/sec & 200x Cheaper Gas Fees Posted: 10 Jun 2019 12:52 AM PDT
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| Posted: 09 Jun 2019 04:40 AM PDT
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| 10 Million Dollar Bitcoin End Game Posted: 09 Jun 2019 07:31 AM PDT
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| Posted: 10 Jun 2019 03:29 AM PDT
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| Interoperability: The Future Of Blockchain Tech Posted: 09 Jun 2019 01:32 PM PDT
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| Posted: 09 Jun 2019 11:39 PM PDT So i made a post the other day asking how to identify whale wallets so i could log their transactions and do some analysis to identify the likely hood of say, a mass sell off and the marketcap plummets more std deviations than normal. A few people posted the whale alert twitter, i went to it and they provide an api. https://whale-alert.io/ gives you a free tier which allows 10 api calls a min to any of the 3 api calls, this api call is what im using as its the most useful: https://docs.whale-alert.io/#transactions So far im just dumping this into a table, the caveats are you can only go back 3.5 seconds but thats fine since you can do 10 queries a min, though the data is paginated so potentially 10 calls a min is not enough or i should set the amount higher. the minimum amount you can query with the free api is 500k USD. Anyways, its quite simple, there are just two tables, a header table that gets the logs the timestamp and amount of transactions and a child table that lists the transactions. The child table is setup to not insert the same transaction hash twice as that would just be duplicating data. here is an example, dates in UTC, In the parent table, result 1 = success, CountWithIdentifiedAddress column just logs the number of transactions that had an address that were identified, as not all can be from the whale watch API, the child table will make it clearer. Parent Table
In the child table if FromOwner and ToOwner are identified, then i count that as an identified address. the transaction count you see there is always 1, thats because the API groups transactions together if it detects multiple transactions to/from the same address. Child Table
Few questions.
Or just tell me im an idiot and wasting my time doing this :) I got bored today and found this a fun side project. I'll probably just harvest data for a few weeks and try to do some analysis. [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 10 Jun 2019 02:11 AM PDT I am just now getting into cryptocurrency. However I would like to learn the fundamentals of investing/trading first. I'm not. Huge fan of videos or courses. Do you guys have any books you would recommend to a beginner that wants to become a well rounded trader. I'm also a finance major so I want to learn whatever I can about the stock market in general. [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 10 Jun 2019 02:09 AM PDT
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| Zilliqa has now successfully enabled the first-ever smart contract platform built on sharding Posted: 10 Jun 2019 01:33 AM PDT
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| Posted: 10 Jun 2019 01:28 AM PDT
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| Bitcoin Trading Volume Up Despite Falling Price Posted: 09 Jun 2019 09:40 PM PDT
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| Blockchain governance, why it doesnt make sense Posted: 10 Jun 2019 01:23 AM PDT Blockchains like Eos are governed by entities, elections, they have conflict resolution processes and sometimes even constitutions. It may sound more advanced than say bitcoin, but to me, this makes no sense. At all. In one word: Venezuela. Just because you have free and fair elections, doesn't mean you solved corruption or abuse of power.Governance and delegation of power is difficult. Its so difficult, that none of our societies over the past millennia have truly achieved a system that is free from corruption, free from abuses of power. Some systems are clearly better than others, but even the best working democratic systems, based on the best constitutions, written by the brightest minds, shaped by elaborate democratic processes over 100s of years, safe guarded by continually refined systems for accountability and oversight and a legal framework of millions of pages, even those systems fail to solve the problem entirely. The best we can hope for, is the least worst system and continually trying to make it less worse, and we often even fail at that. So the idea that some 5-10 page whitepaper can create a governance system that is better than everything humanity has come up with over its entire history, seems laughable on its face. I compare it to asking a 6 year old to write a constitution for a new country. You may get free icecream for the rest of your life, but its unlikely to solve any other problems in society. Simply having democratic elections to select delegates or entities to whom you delegate power, doesnt begin to solve the problem. Just look at Venezuela, where they do have free and fair elections, even elections that are much more democratic than any blockchain whitepaper I have ever seen, yet no one would say there is no problem of corruption or abuses of power there. Why would blockchain governance work any better? Because "blockchain"? Whatever you think "blockchain" can do, but fiat money and other financial systems can not do, its almost never because of technology. If anything, existing fiat systems can use much more efficient technology with many less intrinsic limitations. Its limitation are not technology, but almost always because of *policy*. Ie, governance. More over, if a system can be governed, then it can be subverted, if not by hackers, criminals or powerful entities, then at least by governments. And if they can subvert it, they will, at the latest when it challenges nation states sovereignty. An easy way to see how that would work in practice, is thinking taxes. If some blockchain becomes a significant part of the economy, the state is going to demand they can levy taxes. You know they will. If a blockchain has any sort of governance model, the state is going to use that to apply any pressure it can muster to ensure the model is changed in a way that suits its purposes, like implement KYC and getting insight in to who transacts what with whom. Now fun fact; I dont even object to taxes. Im not the die hard libertarian who says taxes are theft; I think taxes are a necessity for a working society. But if you allow a government to alter your blockchain rules for "good purposes" (say KYC/taxes/), then its never going to stop there. Its going to want to prevent terrorism funding. They are going to demand it can not be used to circumvent sanctions against north korea, Iran, Venezuela .. They will demand the ability to block transactions and seize assets, they will want SEC style rules that protect investors (and benefit big donors) it will go on and on and on; the exact same rules and the exact same corruption that governs existing financial institutions will be made to apply to your glorious idealistic whitepaper and thus turn that in to a government ruled fiat by another name. Whether its "governed" by EOS' block producers or JPmorgan board of directors, it will make no difference. The only way for a blockchain to actually work as an alternative to the systems we already have, is if it can remain neutral despite any and all state actors attempts to politicize or destroy it. Thats a tall mountain to climb. But if it cant, then its useless and *can not* succeed. It will either fail because of its own shortcomings, or governments will subvert it eventually and you will simply end up with another government/fiat system. Preventing that, was the whole whole point of bitcoin: building a system that does not require governance, can not be governed, therefore can not be corrupted by politics or violence. A neutral system that simply follows mathematical rules rather than obey rulers, regardless if these rulers are despots, or democratically elected representatives. Now some people will say Bitcoin is also governed, but that its an opaque, complicated or undemocratic process or they will say its governed by Core development team. This is incorrect. No one can change bitcoins consensus algorithm. Not bitmain, not the NY agreement group, not the CIA, not Bitcoin Core, not the Pope, or all of them combined. Anyone can add rules and conventions on top, as long as they dont contradict the existing algorithm, rules that people then may or may not adopt. This is a soft fork. But there is no mechanism to change the existing rules, you can only chose to abandon them all together and switch to something else. Ie, a hard fork. While uncertain and certainly unproven, it may even be possible to convince everyone to switch to those new rules, and then you can name that new thing whatever you like. That is the only thing you can change and perhaps call "governance": what do we apply the "bitcoin" name to. But no decision anyone takes has any effect whatsoever on how my and other bitcoin users' nodes validate transactions or how our private keys interact with our existing wallets. Now the consensus rules bitcoin follows are simple, even simplistic, and they may not be the best rules ever devised (for instance, personally, I think fixed supply was a mistake). So could bitcoin with such simple and unchangeable rules be any better than democratic governance or fiat? Honestly, I dont know. If you live in Venezuela or North Korea or anywhere ruled by despots or systems that have become highly corrupt, the answer is almost certainly yes.. If you are lucky enough to live in a good working democracy with capable leaders, where you enjoy good governance with high levels of transparency and low levels of corruption, Im not sure. Maybe? Either way, an ungoverned, incorruptible system is certainly an incredibly fascinating experiment, and Im keen to find out how it pans out. But Im utterly uninterested in attempts to create simpleton versions of governed financial systems we already have. They are worse than pointless, they may inherit some of the intrinsic limitations of crypto but they re-introduce centralized points of failure, open the same doors to politicization, corruption, power abuse etc that plague so many of our current (central) banks and financial institutions, the very problems crypto was supposed to fix, and without any of the safeguards, legal nuance and centuries of experience of most countries existing financial systems, and a "democratic" process thats primitive and unfair by ancient Greece standards. Its literally the worst of both worlds, which is why I think its complete and utter bullshit. [link] [comments]  |
![[link]](https://i.redd.it/auhawlxd5e331.png){kind=link}
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