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    Cryptocurrency Daily Discussion - June 12, 2019 (GMT+0)

    June 12, 2019

    Cryptocurrency Daily Discussion - June 12, 2019 (GMT+0)

    Daily Discussion - June 12, 2019 (GMT+0)

    Posted: 11 Jun 2019 05:13 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 The prior exemption for karma and age requirements is no longer in effect.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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    A bank in Liechtenstein grew it’s traffic by 900%, after start selling cryptocurrencies.

    Posted: 12 Jun 2019 01:31 AM PDT

    Litecoin is doing so well Craig Wright will soon be claiming he’s Charlie Lee

    Posted: 12 Jun 2019 01:51 AM PDT

    That one time an Ethereum whale dumped 35,000 tokens and made a bunch of people millionaires.

    Posted: 11 Jun 2019 11:15 AM PDT

    This is why we need Crypto. It's impossible to send money abroad for business transactions through the bank without getting completely fleeced.

    Posted: 11 Jun 2019 04:24 PM PDT

    Warning: Brave browser phishing scam going around

    Posted: 11 Jun 2019 03:22 PM PDT

    So scammers have created a fake version of brave browser that probably steals the keys in your PC and other personal data

    And to get users to download this, they are mass emailing people about a Brave upgrade, promising airdrop of 30 BAT to the early upgraders, with links to this phishing site: https://brave-browser.info/ which looks exactly like the actual brave site https://brave.com/

    submitted by /u/MediumAdhesiveness5
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    I like those old product pictures

    Posted: 12 Jun 2019 12:51 AM PDT

    Apparently Facebook's crypto ad policy change is bullshit.

    Posted: 11 Jun 2019 11:47 PM PDT

    I often find myself feeling disturbed about the current state of cryptocurrency. So much misinformation, toxicity, cults, vaporware, scams, conspiracies, power grabs and tunnel vision. Remember that this technology enables economic freedom and self sovereignty for the world.

    Posted: 11 Jun 2019 01:32 PM PDT

    Timing Alt Season

    Posted: 12 Jun 2019 01:45 AM PDT

    EXCLUSIVE: Australian company pushes for world first Bitcoin ETF | Micky

    Posted: 11 Jun 2019 08:05 PM PDT

    Litecoin founder 'didn't buy back' his LTC and isn't planning to do so either

    Posted: 11 Jun 2019 11:04 AM PDT

    Chart: Combined Market Cap of all stable coins

    Posted: 12 Jun 2019 01:55 AM PDT

    Behind a winning DApp idea to UNfuck the planet

    Posted: 11 Jun 2019 05:12 PM PDT

    Could Binance Stablecoin Challenge Tether For Market share?

    Posted: 11 Jun 2019 10:28 PM PDT

    It seems Binance is about to enter the stable coin game along with margin trading, Possibly within a month or two.

    They are going to release what will be called the Binance GBP, this will be fully backed by reserves of British points. It looks like this will be the first of multiple stablecoins which will be pegged under alternate currencies. There is no plans to introduce a US dollar backed stable coin as yet though
    It is well known that CZ has a way with words and knows how to deliver, how do you think this could affect major players such as USDT TUSD USDC etc? Sure the current coins are backed by USD but does it really matter what stable currency it is? (Be it USD, GBP, KRW etc)

    Also do you still the decentralized stablecoins such as MakerDAO and Reserve Protocols RSV will still be as popular to be adopted considering the sheer amount of centralized coins on the market?

    I personally think if we can pull off a truly decentralized stablecoin, we will have hit the jackpot but not many seem to be working on them.

    submitted by /u/Aiwlys
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    Andreas Antonopoulos: Why Facebook's GlobalCoin is not a threat to Bitcoin

    Posted: 11 Jun 2019 01:31 PM PDT

    Fund Manager Roger Montgomery - Central Banks Have Only Deferred The Pain

    Posted: 11 Jun 2019 10:47 PM PDT

    A self service tool to create NFTs on blockchain

    Posted: 12 Jun 2019 01:53 AM PDT

    Videogame Giant Ubisoft Plans to Leverage Ethereum’s Blockchain Technology

    Posted: 11 Jun 2019 05:01 AM PDT

    Trading Analysis №6 by Darren Chu, CFA “Ethereum (ETH/USD). Testing Daily Chart Upchannel Support”

    Posted: 11 Jun 2019 10:11 PM PDT

    Prove me wrong: I want to learn.

    Posted: 11 Jun 2019 06:13 PM PDT

    From what I can see having been invested both personally and financially in crypto over the past 2 years, is that Blockchain is an unbelievable piece of technology that has many different use-cases.

    But, on the other side of that, crypto currencies and tokens seem to, on the most part, have little to zero use. The companies that develop these tokens or currencies seem to almost use such methods as a means to fund their development (much like you would with a stock IPO), without losing any control over their own business (and not being responsible for stakeholders).

    I apologise if this should've had more explanation or is written strangely, haven't had any sleep and have just got off of a flight. Anyway - just thinking about things. Let me know what you think? Prove to me that these tokens and currencies are actually being used.

    submitted by /u/Timeisthecost
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    Fiat begone! Bizarre moment Bitcoin cash machine starts firing out £20 notes

    Posted: 11 Jun 2019 06:14 PM PDT

    Register for Zilliqa Day!!

    Posted: 12 Jun 2019 01:42 AM PDT

    BITFINEX WARNING: AML/KYC SCAM IN FULL PLAY

    Posted: 11 Jun 2019 10:35 AM PDT

    Top 7 unique, high-potential cryptocurrencies of 2019 that are actually innovating the space

    Posted: 11 Jun 2019 01:52 AM PDT

    Right now, the top 20 has 2 forks of Bitcoin, Tether, an exchange's token, Ethereum Classic, and a few other projects that make this space look far less serious than it really is. On the other hand, you have many great projects out of the top 20 with huge potential going forward. The purpose of this post is to discuss the cryptocurrencies that I believe are exciting, different, and already have (or are extremely close to having) a working project. These are the projects that actually keep my faith alive in crypto among all the other BS out there. I'm hoping to outline a few projects you know, as well as some smaller ones. I will exclude Bitcoin, Ethereum, and XRP from this list, as everyone knows them already and what they do. This is NOT MEANT TO BE AN ALL-INCLUSIVE LIST - that means I'm definitely missing some projects. However, these are some of the projects I believe will make seriously large contributions to the space going forward.

    1 - Nano. Reddit already shills the hell out of this coin, and it's for good reason. Nano is the single fastest and cheapest (100% free) P2P digital currency in the space, period. There's something to be said about sending somebody 50 Nano and them receiving EXACTLY 50 Nano, not 49.999 or something similar. Nano is an actual innovation in the space, with a very different codebase than other coins. It uses a block lattice (instead of using a blockchain), which is an incredible invention, and is reminiscent of the kind of innovation that ETH first offered for blockchain applications in 2015 - but for digital cash. Nano feels like what Bitcoin should have been from Day 1. Download the mobile app/create a web wallet and send some back and forth between the two - you'll understand why people are so bullish on this coin once you've tried it out for yourself.

    2 - Monero. If any coin most clearly resembles the fungibility and privacy of using physical cash, it's Monero. It's the only major coin that is fully private by default, 100% of the time. The recent updates over the past few months have made Monero extremely cheap and fast to use, and if you haven't tried it out, I'd highly recommend it (MyMonero's web wallet is excellent https://wallet.mymonero.com). There's no denying this coin's potential to shape the space in the future as the top privacy coin. Monero has also proven to be highly resistant to bear trends, holding its price better than nearly every other top 40 coin in the last bear market. Lastly, the team is extremely competent and makes real innovations to this coin - between making transactions fully private, cost reduction/speed upgrades, and forking away from ASIC mining, this team has proven that they are little talk, ALL action, and committed to constantly improving this cryptocurrency.

    1. Augur - This decentralized betting platform was one of the first Ethereum dapps ever planned, and took nearly 3 years to come to fruition. It is one of the most well-made, useful dapps running on Ethereum right now and has real users making markets every single day. You can bet on pretty much anything using Augur, and it's actually completely decentralized - meaning no third parties or governments who are unhappy with the content or types of bets being placed - can shut this dapp down. It does have a few issues for sure, but I am confident that they are minor and will be resolved in time as this market continues to mature.

    2. Lisk - Though the project has seen many delays in its time, the Alpha SDK - their biggest innovation - is just about to launch. Lisk will be the first project to really bring sidechains for dapps into the cryptocurrency space, and this is a big deal. It's not just another dapp platform - these sidechains allow for much more customization than simply running a dapp on Ethereum, Tron, or EOS. Dapps can be written in pure Javascript, a language that every software developer knows, and the dapps themselves won't be held back by many of the issues that Ethereum has (average-slow network speed/congestion issues, etc). Not to mention, their team is massive (30+), they have plenty of funding and the price is very low right now ($2, with an ATH of over $35).

    3. IOTA - No matter what you think of this coin, IOTA's tangle is undeniably different. It's DAG-like technology is refreshing to see in a space where 98% of coins are just clones/forks of other coins - even if it doesn't work the way it should yet. It's possible that the removal of blocks and instead creating a tangle of transactions where every node in the network helps to power future transactions could allow for scaling beyond what current blockchains offer.

    4. BitTorrent - I really hesitated to list this one. Do I agree with the way Justin Sun markets and overhypes every small meeting or minor project development? Of course not. However, there is no denying that this token will expose a TON of new users to cryptocurrency for the first time - arguably more than any other dapp token. BitTorrent, the application, is already being used by millions of users, and there's no denying that. This is a rare situation and no other cryptocurrency dapp has anywhere near the user count that this BitTorrent has. While I don't love Tron in general... it is largely an Ethereum clone with few advantages other than added hype...BTT is guaranteed to at least see some real-world usage and it might be good to own a few tokens.

    5. Upfiring - If you like the idea that BitTorrent is putting forth (rewarding seeders), Upfiring is that exact idea - but their dapp is literally already out and nobody knows about it yet. I hesitated to list this project due to the low market cap, but it just might be one of the most useful dapps out there and one of the best uses of smart contracts. The dapp is awesome - super sleek and easy to use. In terms of high potential projects, this one is huge with around a 2 million USD market cap and really could explode at any time imo. You can download their dapp right now and share files on the blockchain, set a price in UFR for your files and earn crypto when others download them. Torrenting is one of the areas that I believe crypto will make a big impact in, since rewarding seeders is an excellent use-case to incentivize file-sharing. With an ATH of 40 million, it has reached 20x the current market cap before, so the price and hype level is currently low.

    Major projects to watch out for due to being overvalued or other significant red flags (please don't downvote this post if you disagree with these - instead, let us know why you disagree in the comments):

    1 - Litecoin. I'd certainly agree it should be in the Top 50 due to its fame status, but the #4 position is ridiculously high for a coin like this. Put simply, there is simply no major use case for this coin. If you wanted to use something as cash, Nano and even Bitcoin Cash are arguably both better options. At least Bitcoin serves as the standard for markets on exchanges. Remember that the creator of this coin has literally sold all of it as well - while arguably a smart move on his part, it's something to keep in mind.

    2 - Binance Coin. Regardless of the fact that it is Binance, and Binance is great, this coin's entire value is based on a 100% CENTRALIZED business. That's a big deal. This means if something ever happens to Binance, for whatever reason, BNB's value will directly be affected as a result. In addition, a 4.5 BILLION dollar market cap for an exchange token is just a ridiculous market cap in general, even if it is Binance. Props to Binance for making this token so successful, though.

    3 - Stellar. This is a big one, and I know I'm going to take some heat for listing this, so let me clarify. I really like what Stellar is doing with payments, for sure, but one thing that makes that all null and void from an investment standpoint - Stellar's team owns over 80% of the entire Stellar coin supply. Let that sink in for a second. 19,331,690,041 XLM is circulating among every single Stellar holder, while the team themselves holds 85,710,809,041 XLM. People tend to ignore this fact for some reason, but it's unfortunately a huge deal and requires that you put a ton of trust in Stellar's team not to casually sell millions of dollars worth of their XLM whenever they want more money. How would you feel if Vitalik owned 400,000,000 ETH? That's the same ratio to what the Stellar team owns. There's also been a ton of sketchy things that have happened with the team selling off millions of dollars worth of coins in 2017/early 2018 - you can search those in the search bar to read up on those incidents where users here tracked those transactions. Lastly, Stellar is a fork of Ripple. Not that this is a bad thing necessarily, but it's something to keep note of.

    4 - Bitcoin SV. Yeah, it's pumping right now. Who cares, so are lots of coins. Ignore it, and maybe it will go away. This coin once again serves no real purpose and has no place being the #8 cryptocurrency with how many great projects are sitting below it.

    5 - Ethereum Classic. This coin has already been 51% attacked SUCCESSFULLY, and it's value has gone up since then. In addition, no changes have been made to the coin to prevent such an attack in the future, and none are planned. No hard forks will happen to improve this coin, ever...that's because Ethereum Classic's main value proposition is immutable and irreversible transactions, Ironic - because the 51% attack showed that transactions on this chain are actually the exact opposite of this. Obviously, this coin should be avoided.

    And before you ask, why did I leave out... -Cardano: Interesting project but too far away from releasing their smart contracts to mention in this post. In addition, market cap is extremely high for not having a working product out yet

    -Tron: A hyped-version of Ethereum with few differences. Not necessarily bad, but not innovative enough to mention from a technological standpoint. I won't comment on their marketing tactics...

    -Vechain: It remains to be seen whether this use-case will ever play out using a public blockchain like this with real businesses. Certainly one to keep an eye on, but as of right now it's not being used on any sort of large scale

    -Qtum: Still has yet to find a real niche over projects like Ethereum, Tron, and EOS

    -EOS: Raised billions of dollars in their ICO but their platform still has many issues. There are some decent developments like Everipedia on it, but overall I decided to leave it out due to once again, not offering anything THAT innovative to the space, and the lack of decentralization (EOS team can freeze transactions)

    I'll update the top list as well if anyone provides me with good projects that I may have missed out on here!

    submitted by /u/devila2208
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