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    Cryptocurrency Daily Discussion - June 7, 2019 (GMT+0)

    June 07, 2019

    Cryptocurrency Daily Discussion - June 7, 2019 (GMT+0)

    Daily Discussion - June 7, 2019 (GMT+0)

    Posted: 06 Jun 2019 05:15 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 The prior exemption for karma and age requirements is no longer in effect.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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    Why does CoinMarketCap use data from just two scam exchanges to effectively value a sh*tcoin like Bitcoin 2 at half a billion dollars?! It makes crypto look like a complete joke! Only data from 'legitimate'(wash trading, I know!) top exchanges should be used when establishing a project's Marketcap.

    Posted: 06 Jun 2019 10:16 PM PDT

    [DB Schenker] 3 reasons why a Blockchain powered rating system is a link to more efficient truck logistics in China

    Posted: 06 Jun 2019 11:58 PM PDT

    What is this cryptarded bullshit

    Posted: 06 Jun 2019 12:31 PM PDT

    Lunch with Litecoin (and Uber and Revolut)

    Posted: 07 Jun 2019 02:28 AM PDT

    A $100 Million Crypto Fund Opens With the Goal of Going Long

    Posted: 06 Jun 2019 04:04 PM PDT

    Ethereum Dapp SportX Gaining Traction for their DAI based Sports Betting Exchange

    Posted: 06 Jun 2019 10:32 AM PDT

    [Adoption] New ticketing partnership brings blockchain adoption to millions of people - without them knowing it

    Posted: 07 Jun 2019 01:12 AM PDT

    GET Protocol has just announced that a new ticketing company will make use of its blockchain-based ticketing solution. ITIX is the name of the company, and they sell 2 million tickets every year. It is the second company to make use of the protocol.

    ​

    GET in a nutshell

    'GET Protocol' is a backbone that can be used by any ticketing company worldwide to instantly issue safe tickets that can not be resold by scalpers or unwanted third parties. It doesn't require any knowledge of blockchain or cryptocurrency for its users. So far, over 200.000 tickets have been sold to people who have no idea that they were made wallet holders in the process.

    ​

    Also, just today, another user of the protocol, GUTS Tickets, is having a sale for several stadium shows in 2020 for a Dutch pop star, which is being called the biggest blockchain-ticketed event to date:

    https://www.iq-mag.net/2019/06/guts-guus-meeuwis-biggest-blockchain-show/#.XPoVkZ8a9TY

    ​

    Token usage

    The protocol requires the 'GET' utility token from the ticketing company that uses it, serving as a transaction cost and fuel for every ticket that is sold. These tokens are then bought from holders in the open market.

    ​

    For the full announcement and more GET Protocol news, check out the new update blog:

    https://medium.com/get-protocol/update-may-19-6b2053098d8c

    ​

    You can ask any questions you may have about GET Protocol below and I'll try to answer all of them!

    submitted by /u/AndyKaufmanHere
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    Poloniex 16% Haircut

    Posted: 06 Jun 2019 12:35 PM PDT

    Fusion Introduces Token-Based Licensing Program to Share Groundbreaking Technology that Bridges On- and Off-Chain Systems

    Posted: 07 Jun 2019 02:07 AM PDT

    Do not confuse)))

    Posted: 06 Jun 2019 10:53 PM PDT

    My first ever buy order! It's not much but it's exciting.

    Posted: 07 Jun 2019 01:00 AM PDT

    Officially "Zero Days" Since Last Privacy Data Leak - When Blockchain?

    Posted: 07 Jun 2019 01:27 AM PDT

    Once again it has been reported that a popular photo-sharing platform Thete360 has suffered a major data breach. A minimum of 11 million private and public photographs have been exposed. Not all information was leaked but usernames, first and last names, as well as captions, were exposed along with the images.

    ​

    It was only last month that Instagram had a data breach that left 49 million users actual sensitive data online allowing anyone to access. Data such as biodata, profile picture, the number of followers they have, their location by city and country, and contact information like the Instagram account owner's email address and phone number.

    ​

    Even WhatsApp also last month which is owned by Facebook as many of you know, had discovered a vulnerability which let hackers install spyware via an infected WhatsApp voice call.

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    What are the changes that tech giants and major social sharing platforms would be more secure by using blockchain to store information?

    Facebook, for example, relies on having access to user data for the core of their business so using blockchain, how do they keep that power without the chance of someone breaching the security?

    ​

    There are already a few blockchain based social media platforms such as Akasha, Peepeth, indorse and steemit and which are built on the blockchain but none yet have made it into the tradition space yet.

    ​

    Vid looks really interesting as an Instagram / Youtube alternative. The UI looks great and its main focus is on creating auto-generated video memories and securing them using Zero Knowledge encryption. Not even Vid can see them unless you make them public so no chance of data breaches like current social platforms. Users and influencers can also monetize their content directly with advertisers without the company taking a huge chunk of that revenue.

    ​

    With over 5 billion users between the 5 largest social media platforms, I think each one of them has experienced a major data leak in its time. It is our content, they make money from it but cannot even keep it secure. We need a big shakeup in the space and I think blockchain can of great benefit if done right.

    ​

    Source to article -- https://www.diyphotography.net/millions-of-private-photographs-leaked-in-ricoh-theta360-data-breach/

    submitted by /u/RunsWithFlya
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    Brave Browser in the process of adding tips to Reddit and verifying Reddit usernames.

    Posted: 07 Jun 2019 03:24 AM PDT

    Using Bollinger Bands for Cryptocurrencies — Technical Analysis

    Posted: 06 Jun 2019 07:47 PM PDT

    SEC Chair: Bitcoin Is Not Like Stocks, 'We Won't Flip a Switch on Crypto'

    Posted: 06 Jun 2019 07:29 PM PDT

    First sneak peak of a Metamask-based wallet implementation on Brave

    Posted: 06 Jun 2019 03:56 PM PDT

    SEC Chair Says They're 'Working Hard' On Crypto Regulations, But Won't Just 'Flip a Switch' On New Trading Options ...

    Posted: 07 Jun 2019 02:24 AM PDT

    New correlation data suggest people and institutions may be using crypto as a hedge against global markets

    Posted: 06 Jun 2019 11:00 AM PDT

    U.S. Taxpayers Spent $801 Million Printing New Dollars in 2018, Not Including Counterfeits - BeInCrypto

    Posted: 06 Jun 2019 03:01 PM PDT

    Looking for fair perspective on the long term reliability of hardware wallets

    Posted: 07 Jun 2019 12:35 AM PDT

    In a world of Hodl4life, I am increasingly disturbed by the posts on here talking about how their ledger Nanos no longer work due to incompatible firmware/hardware updates.

    I myself hold 2 ledgers (I have thus far not had any problems, except that apparently not all micro USB-USB 2.0 cables do not work with the ledger).

    But with the increasing number of reports about malfunctioning devices, something tells me I'd be better off with a handful of $5 flash drives with my private keys on them in a password protected document than spending $100+ on new ledgers that will apparently require rigorous updating every year or two and risks losing my entire stack with each update.

    It seems like the posts about malfunctioning ledgers are few and far between, but even if there's a 0.01% risk of losing my holdings, then it far outweighs, and even defeats the purpose of the benefits. I don't care about the statistics if I become one.

    Are these posts blown out of proportion? Are people actually losing access to their funds? Looking for a balanced perspective.

    submitted by /u/ItWouldBeGrand
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    170.000 concert tickets Will be sold for 5x stadium show of Guus Meeuwis, a Dutch famous singer, all on the blockchain!

    Posted: 07 Jun 2019 03:12 AM PDT

    HelloIOTA - Don't be like Joe!

    Posted: 06 Jun 2019 10:51 PM PDT

    Facebook plans June 18th cryptocurrency debut. Here’s what we know

    Posted: 06 Jun 2019 10:33 AM PDT

    How I'm using Cryptocurrency in every day life and why you should too if you want true adoption instead of simply a store of value

    Posted: 06 Jun 2019 01:17 PM PDT

    I see alot of pessimistic views around bitcoin lately. Does it serve it's purpose? Can it be a replacement for fiat? Well I truly think it can and I'd like to share how I'm making my first steps to use it every day while also increasing my bags.

    I recently received my tenx crypto visa card which allows me to make purchases at anywhere that accepts visa cards and does the transaction conversion instantly from bitcoin to my local currency. It's actually so cool to use and no I'm not shilling but it truly excites me that I can now use my crypto in the real world even if it does convert to fiat at time of purchase.

    Now we all have spending money budget right? If you don't budget well this is a good excuse to. I've allocated all my spending money to an automatic payment to accumulate more bitcoin through a broker service. Every payday my spending money ends up in my bitcoin wallet on my tenx card.

    I've purposefully allocated more money than I will actually probably spend but I'm ok with having money left over. The alternative is that spending money would have sat in my bank account earning 3 percent interest while instead it has grown at a rapid rate in the last few months. Could it also go down? Yes sure but I'm willing to weather that storm and possibly spend less. However in the last month all my purchases have worked out pretty cheap and I think that's pretty cool. If it was to take a dip.. maybe I'd start using fiat for a while but I guess that's up to the individual.

    If we all started doing this as retail investors, bitcoin would definitely start climbing. Even using my crypto card in the last week I've had 3 friends who weren't into crypto before sign up. A truly viral way to show non-coiners this tech is the future.

    submitted by /u/thebradzter
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