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    Thursday, June 6, 2019

    Cryptocurrency Daily Discussion - June 6, 2019 (GMT+0)

    Cryptocurrency Daily Discussion - June 6, 2019 (GMT+0)


    Daily Discussion - June 6, 2019 (GMT+0)

    Posted: 05 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 The prior exemption for karma and age requirements is no longer in effect.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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    Facebook will reportedly announce cryptocurrency this month, allowing employees to take it as salary

    Posted: 05 Jun 2019 04:15 PM PDT

    I want to share a positive and personal story on how crypto helped me.

    Posted: 05 Jun 2019 04:48 PM PDT

    So guys, crypto just saved my ass. I'm going to keep this short but I wanted to share after the dust settled.

    I've been a the market since about 2013, and even though the market isn't 2017 gains I still did quite well.

    4 weeks ago I had a major emergency surgery, organs removed.... I didn't have insurance because I'm an "entrepreneur" and an idiot, live in America btw. Fun stuff.

    I got my hospital bill and yea lets just say it was over 6 figures. Did some negotiations with the hospital for upfront payment, in cash.

    I didn't get to blow my money on a nice car, or a big house, or an exotic vacation but the way look at it I got off pretty easy for virtually no work at all.

    Anyway I just wanted to say I owe a lot to this community and I'm quite happy I didn't go into crippling debt. If it wasn't for Crypto my financials would have been completely fucked.

    Cheers to a healthy life. I wish you all the best, have a great rest of your week!

    submitted by /u/MrSexyMagic
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    Samsung Delving Into The World Of Bitcoin Mining

    Posted: 06 Jun 2019 01:49 AM PDT

    Bitcoin: Am I Missing Something?

    Posted: 05 Jun 2019 04:23 PM PDT

    Tim Draper is a multimillionaire that is over the moon with bitcoin and heavily HEAVILY invested in it.

    The Winklevos brothers are absolutely enthusiastic about bitcoin.

    Mike Novogratz recently said he had never felt more positive about bitcoin than now.

    There's many more of these kinds of people. These guys are not dumb. In fact these guys are more successful than probably anyone in this sub. And they don't seem to have any reservations. And yet...

    ... I don't see it...

    I look at bitcoin and I see a crypto that has failed to become what it set out to be. And what it has turned into is a mere shimmer of what it could have been, lightning LN is a joke and then I read: "Bitcoin: Store of value." "It has value because people say it has." "Bitcoin has won!" - Give me a break?!

    What's going on here? Are people blind? Am I blind?

    Those guys I mentioned are at the literal forefront of bitcoin development. These guys make investments in developments, see tech being made that probably won't reach us for months or longer. Do they see something, know something, I don't?

    I've been here from 2012-2013. I've seen Mt Gox, I received the bitfinex haircut, seen the bitstamp bearwhale in action, I've seen public manipulation, I've seen fork debates and fork debacles. I have seen bitcoin slowly get crippled. I've seen bitcoin's promise and premise shrink from Gods financial gift to mankind of freedom, to "Store of value! lalala".

    And yet here are these people. These Titans... But I can't for the life of me justify putting even a single dollar into bitcoin without feeling like a complete jackass... Am I missing something? What the hell am I missing?

    It's not a super big deal or anything. I'll keep happily investing in other cryptos with which I feel very comfortable and happy and even proud, like I felt with bitcoin years ago. The question just keeps chewing at me: Am I so clueless? I feel like I'm in the twilight zone.

    submitted by /u/Tyanuh
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    Nine easy ways to lose your cryptocurrency.

    Posted: 05 Jun 2019 08:03 AM PDT

    Justin Sun invites the founders of ETH, LTC and binance to his lunch with Warren Buffet.

    Posted: 06 Jun 2019 01:02 AM PDT

    Blockchain in Chains: It's Time To Strip The SEC Of Authority Over Cryptocurrency...

    Posted: 05 Jun 2019 03:58 PM PDT

    Vitalik Buterin calls Bitcoin SV a “Complete Scam”, says Binance wields a lot of power

    Posted: 05 Jun 2019 06:46 AM PDT

    Bitcoin accepting charities

    Posted: 06 Jun 2019 03:30 AM PDT

    Looking for charities that take bitcoin. Preferably medical research or high impact humanitarian. Any others that might be interesting would be great too. Do not recommend unless they take crypto.

    Dunno what to do for the 215 min so just going to fill it with bob bob bob bob bob bob bobbob bob bob bob bob bob bob bob bob bob bob bob bob bobbob bob bob bob bob bob bob

    submitted by /u/NOTPR0
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    If you haven't read this thread, you should. Naval Ravikant is the CEO and a co-founder of AngelList. He is an active Angel investor, and have invested in dozens of companies, including Twitter; with a network of 2.2 billion.

    Posted: 05 Jun 2019 04:47 PM PDT

    Australian taxation laws for crypto?

    Posted: 06 Jun 2019 02:24 AM PDT

    Hey r/cc

    Im looking for other Australians or people i the know who are aware of the current Australian taxation laws that apply for crypto currency.

    What are the standard tax rules.. is all gains counted as capitol gains tax?

    How can i minimise the amount of tax paid on my fiat conversions?

    What can i claim against crypto tax rebates? A computer? Mobile phone?

    submitted by /u/PrinceLewisDoggies
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    Australian Tax Office reviewing cryptocurrency records

    Posted: 06 Jun 2019 01:34 AM PDT

    What To Do When SIM-Swapping Happens To You - Medium

    Posted: 05 Jun 2019 11:10 AM PDT

    They hate what they can’t control. Top 10 banks got fined a combined $174 billion for violations — dwarfing the MC of Bitcoin

    Posted: 05 Jun 2019 11:42 AM PDT

    Blackmoon published their digest first time in the last six months. Need your opinion.

    Posted: 06 Jun 2019 02:46 AM PDT

    OPACITY (OPQ) – Blockchain Storage Solution

    Posted: 05 Jun 2019 11:57 AM PDT

    PRIMEXBT/TRADING POOLS - Collectively sharing RISK / REWARD

    Posted: 05 Jun 2019 08:59 PM PDT

    Security expert claims that $2.5 million is stolen from crypto exchanges every day

    Posted: 05 Jun 2019 04:38 PM PDT

    The easiest way to gather data with the BitMex API

    Posted: 06 Jun 2019 02:39 AM PDT

    SIA partners with Quant Network to explore blockchain interoperability solutions for banks & financial institutions

    Posted: 05 Jun 2019 06:23 AM PDT

    The partnership agreement aims to integrate the SIAchain infrastructure into Quant Network's blockchain operating system Overledger to develop and implement blockchain and DLT based applications spanning different technologies.

    Milan and London, 05 June 2019SIA, the leading European hi-tech company in the payment services and infrastructures sector, and Quant Network, a UK-based pioneering technology company, have signed a partnership agreement to explore blockchain interoperability and the creation of agnostic cross-platform applications and services for banks and financial institutions.

    The first interoperability tests will be executed on R3's Corda and private Ethereum platforms.

    The partnership aims to integrate Quant Network's blockchain operating system Overledger into the SIAchain infrastructure to enable interoperability, one of the biggest challenges and unmet needs faced by the financial industry to develop and implement blockchain and Distributed Ledger Technology based applications spanning different technologies.

    SIAchain is a private infrastructure leveraging on 570 European network nodes within SIAnet – the fiber optic network with high-speed and low-latency stretching over 186,000 kilometres – that supports financial institutions, corporates and public administration bodies in developing and implementing, in a secure, protected way, innovative applications based on blockchain technology.

    The SIAchain infrastructure makes available a series of business applications to meet the requirements of specific communities – guaranteed by SIA – of registered, approved members, in a context of transparency, confidentiality and security.

    "Since the European launch of our private infrastructure SIAchain, we are at the forefront of innovation in blockchain technology with the aim of supporting financial markets with a high-performance and secure architecture and a clear governance model. We actively continue on our path of innovation and the achievement of a fully interoperable blockchain network is the foremost objective we want to reach with the collaboration of Quant Network and its disruptive vision on DLT", says Daniele Savarè, Innovation & Business Solutions Director, SIA.

    *"We're pleased to collaborate with SIA to explore how Overledger can enable financial institutions on SIAchain or part of SIAnet to benefit from cross-platform and interoperable blockchain applications to embrace new business models, improve operational efficiencies and deliver new innovation to customers",*commented Gilbert Verdian, CEO, Quant Network.

    SIA is European leader in the design, creation and management of technology infrastructures and services for Financial Institutions, Central Banks, Corporates and the Public Sector, in the areas of payments, cards, network services and capital markets. SIA Group provides its services in 50 countries, and also operates through its subsidiaries in Austria, Croatia, Czech Republic, Germany, Greece, Hungary, Romania, Serbia, Slovakia and South Africa. The company also has branches in Belgium and the Netherlands, and representation offices in the UK and Poland.In 2018, SIA managed 14 billion institutional services transactions, 7.2 billion card transactions, 3 billion payments, 51.7 billion financial transactions and carried 1,204 terabytes of data on the network.The Group, which currently has over 3,400 employees, closed 2018 with revenues of €614.8 million.For more information: www.sia.eu/en

    Quant Network is a technology provider enabling trusted digital interaction, helping create a secure digital future to the benefit of enterprises, regulators, governments, and individuals. Recognised for having solved interoperability through the creation of the world's first blockchain operating system Overledger, Quant Network is leading the way for innovation and blockchain adoption across enterprise. Headquartered in London, UK, Quant Network is committed to building an internet people can trust. www.quant.network

    https://www.quant.network/blog/sia-partners-with-quant-network-to-explore-innovative-solutions-in-blockchain-interoperability-for-banks-and-financial-institutions-2/

    https://www.sia.eu/en/media-events/news-press-releases/sia-partners-with-quant-network-to-explore-innovative-solutions-in-blockchain-interoperability-for-banks-and-financial

    submitted by /u/mr_sonic
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    EnjinCraft Demo: Securely Trade Ethereum Based Assets in Minecraft

    Posted: 05 Jun 2019 12:41 PM PDT

    This makes me sad. Idk why.

    Posted: 05 Jun 2019 11:27 AM PDT

    Freewallet SCAM!

    Posted: 05 Jun 2019 10:30 AM PDT

    Just a brief warning to all crypto users. The Freewallet app is a scam, they just stole some money from me. Not your keys not your crypto, never forget that. I use cold wallet and I tend to be extremely careful using crypto, although this time I used this service for a small amount, what a surprise, I lost my funds. NEVER EVER USE THIS SERVICE: freewallet.org

    submitted by /u/juand222
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    Will Apple׳s CryptoKit pave the way for mobile phones to become hardware wallets? Great article from CoinDesk

    Posted: 05 Jun 2019 11:25 PM PDT

    XRP News Update: June 5th, 2019

    Posted: 05 Jun 2019 04:43 PM PDT

    https://xrpcommunity.blog/xrp-news-update-june-5th-2019/

     

    The last week was full of important news for XRP stakeholders! Find out if you missed something in my latest blog:

     

    𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Ginger Baker participates at the Europe Money 2020 Conference; and Ripple releases an important statement about their market reporting.

     

    𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: Stefan Thomas conducts an AMA on Reddit.

     

    𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: The XRP Ledger becomes more decentralized with two new 'default UNL' operators; Ripple publishes an interactive tutorial for monitoring payments; B1X announces their platform will utilize the XRP Ledger; The CEO of XRP United makes a sad announcement about the death of the exchange's founder; Gatehub reveals details of a recent theft of XRP on its exchange and XRP Forensics begins tracking the XRP; CatalX, a Canadian exchange, announces an XRP-CAD pairing; Bitex adds support for XRP; and the 'XRP Merch Store' is now open for business.

    I hope you enjoy the read!

     

    Thanks & Sincerely,

    -Hodor

    submitted by /u/Hodor7777
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