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    Cryptocurrency Daily Discussion - June 3, 2019 (GMT+0)

    June 03, 2019

    Cryptocurrency Daily Discussion - June 3, 2019 (GMT+0)

    Daily Discussion - June 3, 2019 (GMT+0)

    Posted: 02 Jun 2019 05:17 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 The prior exemption for karma and age requirements is no longer in effect.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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    How it feels sometimes when reading the /r/CryptoCurrency Daily Discussion

    Posted: 02 Jun 2019 07:41 AM PDT

    Since the beginning of the wide-spread popularity of cryptocurrencies, Banks have been against it. Now, some of the largest Crypto-Skeptic banks are actually investing in crypto. So what has changed?

    Posted: 03 Jun 2019 12:31 AM PDT

    Everyone’s Hodling Bitcoin: Only 1.3% of Transactions are Payments in 2019

    Posted: 02 Jun 2019 02:02 PM PDT

    Continue the mission

    Posted: 02 Jun 2019 09:49 AM PDT

    Crypto's real use case for 2019/2020

    Posted: 02 Jun 2019 09:46 PM PDT

    I see people on here always complaining about how no one is using crypto currency as an actual currency. In my opinion though, most people are using crypto currency as a hedge for when the global economy fails. Keynesian economics worked great for the first generation who used it, however it has an expiry date, and that expiry date is rapidly approaching. In my country (Australia), our economy will almost definitely tank in the next 2 years, as our central bank has no choice but lower interest rates and therefore inflate our currency, or otherwise risk a housing market catastrophe. They are stuck in between a rock and a hard place, and I believe many other countries are as well. I won't go into depth about anymore dooms day predictions, but I still feel that crypto is starting to be used and a hedge by more and more people, who although don't know the technicalities and benefits of crypto yet, still ironically see it as a safer bet than their own dollar. I know I do.

    Anyways, take my opinion with a grain of salt. I don't have a PhD in economics but that's just what I see! Would love to have a discussion about how the global economy is currently intertwined with crypto

    submitted by /u/Geetsly
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    Community warning: CoinPayments.net

    Posted: 02 Jun 2019 09:40 PM PDT

    I am sick and tired of scammers in this space taking advantage of people and other coins and getting away with it.

    In this post I want to highlight the practices of a well known company in this space who scammed a whole community out of nearly $10,000 USD and then did nothing with the money.

    I'm talking about coinpayments.net and RaiBlocks (yes, now known as Nano).

    Early in Jan, 2018, coinpayments.net were running promotions to have coins listed on their site. It already looked fairly shady - you could "purchase" votes to have your coin win, and they were then supposed to add it as a supported coin on their site.

    RaiBlocks won this vote due to some very generous community members donating the money to bring it to the top vote:

    https://np.reddit.com/r/RaiBlocks/comments/7rovwa/raiblocks_won_the_coinpaymentsnet_listing/

    A little while later RaiBlocks had the rename, the BitGrail fiasco occurred, and a large drop in price happened. This caused a lot of the community at the time to leave or get distracted. A few people who stuck around (myself included) tried to follow up the outcome of the coinpayments.net listing with the Nano Core team, who promised to chase it up but never came back with a real answer as to what happened. I suspect they were either ignored by coinpayments or were told "no" and wanted to avoid drama in the community around this... Frankly, I can understand them wanting to steer clear of this kind of drama due to the history with BitGrail.

    But, I for one am sick of it, and want to call it out for what it is.

    I don't care if you are a avid Tron supporter, a BTC maximalist, or support Verge... This could happen to anyone, and I'm sick of it. I feel that we as a community shouldn't let things like this slide. People like you or me who were excited by the prospects of what they found donated to this company in good faith. This money has been taken with nothing to show for it. No announcement, no nothing, literally ZERO communication from CoinPayments.net.

    I'd love to invite CoinPayments.net to respond if they have any reps that post on reddit.

    submitted by /u/nano_throwaway
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    While blockchain technology makes it relatively easy for anyone to launch their own cryptocurrency, there's an obstacle they all face; lack of liquidity. Here's how it's solved.

    Posted: 03 Jun 2019 01:47 AM PDT

    ~1000 BTC sell order crashed the price by 99% in a big exchange (Kraken)

    Posted: 02 Jun 2019 12:52 PM PDT

    Icon ICX with a sharp spike in daily transactions! 130k+

    Posted: 02 Jun 2019 07:03 PM PDT

    I created a timeline of events for Cardano since its ICO - learn about what Cardano is without any sugar coating

    Posted: 03 Jun 2019 02:54 AM PDT

    Bakkt: a New Era of Regulated Bitcoin

    Posted: 03 Jun 2019 04:00 AM PDT

    Pledgecamp at the Humanity 2.0 Forum in Rome — Recap

    Posted: 03 Jun 2019 02:01 AM PDT

    Binance using Google Translate on their pages is a security vulnerability, making 2FA token harvesting easy

    Posted: 02 Jun 2019 10:00 AM PDT

    Countdown for Brazil’s Bitcoin and Crypto Regulations has Begun

    Posted: 03 Jun 2019 01:43 AM PDT

    Value of Bitcoin conference at "Bayerische Landesbank"

    Posted: 03 Jun 2019 01:13 AM PDT

    Blockchain XLM Offer?

    Posted: 02 Jun 2019 07:17 PM PDT

    So, I was under the impression that once you signed up, got approved for gold & all of that, that you would get a free $50 in XLM. Well, I've done all that. It's been a few days since I created the wallet, and have used it since I made it.

    Does anyone know how long it takes for them to send it to your wallet? Thanks, y'all.

    submitted by /u/0ptionsTrader
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    Binance Launches Margin Trading, CoinBase Says It Is Considering It

    Posted: 02 Jun 2019 08:28 AM PDT

    Tool to find the best Staking Coins - Find the coins with lowest risk and highest yield

    Posted: 02 Jun 2019 02:15 PM PDT

    Tool to find the best Staking Coins - Find the coins with lowest risk and highest yield

    Hi everyone,

    ​

    ​

    overview of stakeable coins

    we just created a tool that makes it easy for you to find the best stakeable coins (EOS, DASH, etc.). The goal of the project is to give an overview of the current situation of stakeable coins, their risk and potential yield.

    ​

    We also classified the coins by:

    ​

    • diffeculty to maintain a node (cost of node, how complex is it to setup a node)
    • risk of the coin (is the staking system stable, reputation of coin, dev team)

    ​

    Moreover you can find usefull information about the:

    • annual yield
    • stake ratio (how much of the marketcap is staked at the moment)
    • marketcap and price

    ​

    Please let us know, if you would like further functionality and please also let us know if you would like us to add further coins.

    ​

    Link to the tool: https://www.combatnerd.com/widgets/stakingtable/

    You can contact us via: [hello@combatnerd.com](mailto:hello@combatnerd.com)

    ​

    We are looking forward to your feedback :)

    submitted by /u/KenshiroMiyamoto
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    A localbitcoins alternative

    Posted: 02 Jun 2019 07:15 AM PDT

    Hi All,

    With the recent fiasco at local bitcoins banning all cash trades, i'd like to put forward a viable alternative.

    Disclaimer - You'll see from my past posts and comments that i jump at any opportunity to promote Payfair. I'm not a paid shill, just an investor and user of the platform who really believes in the project.

    Payfair.io is a decentralized P2P trading platform offering a range of cryptocurrencies to over 35 FIAT pairs. They are Russian based, so there is no fear of government / authoritative pressure like Local Bitcoins was subject to. They are KYC Optional and allow cash trades/ vouchers/etc...

    A bit of background- The team raised only $220k in the ICO during the 2017 period, merely peanuts compared to the millions other ICOs raised. Despite this and despite minimal volume in the past few months the team has worked relentlessly to develop a working platform which has completed many trades, a payfair telegram bot which conveniently allows trading (both seller and buyer) over the phone and are currently looking to extend the capabilities of the platform to Social media influences which will drive volume and traffic. The bear market showed the users of this platform that the developers are truly dedicated to this project and will stop at nothing to see it succeed.

    Payfair are currently offering a no taker no maker fee promotion, so you'll have nothing to lose by giving it a try. ​ www.payfair.io ​ Happy Trading.

    submitted by /u/HeycheFKay
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    How is the Circulating Supply of Bitcoin (or other cryptocurrencies) calculated?

    Posted: 02 Jun 2019 10:12 PM PDT

    Many websites mention that the Circulating Supply of Bitcoin is about 17M. According to Coinmarketcap.com, it is 17,737,837 BTC.

    I would like to know exactly how is this number calculated? How can one independently recalculate it and double check to see if this number is correct?

    submitted by /u/bitcoincrazyness
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    Blocksize debate in Ethereum?

    Posted: 02 Jun 2019 05:24 PM PDT

    One thing I've been curious about is how you can believe in bitcoin and ethereum at the same time while they have wildly different views of block sizes.

    Bitcoin core on one hand is firmly in the camp of small blocksize and keeping the ledger as small as possible.

    Ethereum on the other hand, promises to be the world computer. Who is going to store all of this data? Who's going to store all of the cat posts?

    submitted by /u/sta3n
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    Altcoins VS Bitcoin (Time is relative.)

    Posted: 02 Jun 2019 08:03 AM PDT

    These Buy Signals Haven't Been Seen Since The Last Bull Run For Bitcoin & Crypto Markets

    Posted: 02 Jun 2019 04:50 PM PDT

    IEO — the rebirth of ICO

    Posted: 03 Jun 2019 04:06 AM PDT
    Read more
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