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    Cryptocurrency Daily Discussion - June 9, 2019 (GMT+0)

    June 09, 2019

    Cryptocurrency Daily Discussion - June 9, 2019 (GMT+0)

    Daily Discussion - June 9, 2019 (GMT+0)

    Posted: 08 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 The prior exemption for karma and age requirements is no longer in effect.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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    2020 Olympics Looks To Blockchain For Tamper-Proof Anti-Doping Test Records Of Athletes...

    Posted: 08 Jun 2019 01:36 PM PDT

    That one time when Bitconnect started dancing to heavy metal at their conference

    Posted: 09 Jun 2019 12:40 AM PDT

    Binance CEO: India’s Insane Anti-Crypto Bill Will Pump Monero and ZCash

    Posted: 08 Jun 2019 05:54 PM PDT

    People who don’t hold any Bitcoin, why not?

    Posted: 09 Jun 2019 02:33 AM PDT

    As per the title, those of you who are involved in crypto but who don't hold any Bitcoin, why not?

    Is there something that worries you, or do you perhaps question the value or sustainability of BTC?

    If you feel like sharing, what is your main / biggest holding, or project that you have most confidence in?

    submitted by /u/platypus_stalker
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    Come, discover bitcoin. . .

    Posted: 09 Jun 2019 03:04 AM PDT

    The Entity That Controls Half of the LN Makes a Whopping $20 a Month, 300 Transactions Avg.

    Posted: 08 Jun 2019 07:18 PM PDT

    It was 2018...

    Posted: 08 Jun 2019 10:32 PM PDT

    “Mass adoption” in the punch card era of cryptocurrencies

    Posted: 09 Jun 2019 01:34 AM PDT

    Bitcoin 2 (BTC2) Has all The Elements of an Altcoin Pump And Dump Crypto Token Scam

    Posted: 08 Jun 2019 02:58 PM PDT

    New report finds DApps useless, most users bots

    Posted: 08 Jun 2019 04:04 PM PDT

    The head mod of /r/Cryptocurrency seems to be a developer of a 3000+ marketcap shitcoin named Wownero

    Posted: 08 Jun 2019 09:18 AM PDT

    What are true decentralized privacy coins out there except Monero?

    Posted: 08 Jun 2019 09:57 AM PDT

    CCN: Binance CEO: India's Insane Anti-Crypto Bill Will Pump Monero and ZCash. https://www.ccn.com/binance-ceo-indias-insane-anti-crypto-bill-will-pump-monero-and-zcash

    This article piqued my interest. Looking for your inputs on privacy coins.

    The way I understand it, Monero is the only true decentralized privacy coin. This article claims Zcash is one as well. Am I missing something?

    Doesn't Zcash have some private servers that we don't know enough about, and wasn't it premined as well? Is Zcash privacy really trustworthy? What are the pros and cons of Zcash vs Monero and vice versa?

    submitted by /u/_FreeThinker
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    The SEC vs. Kik in 1000 emojis

    Posted: 08 Jun 2019 05:39 PM PDT

    Weekly Support Discussion - June 9, 2019

    Posted: 08 Jun 2019 11:12 PM PDT

    Welcome to the Weekly Support Discussion thread. The prupose of this thread is to provide technical or educational assistance to newcomers.

    To see the latest Daily Discussion Megathread, click here

    To see the latest Monthly Skeptics Discussion, click here

    Guidelines:

    • Questions about wallet problems, exchange issues, coding difficulties, etc and more are all welcome.
    • Refer topics about shortcomings, concerns, or anything critical about crypto to the Skepticis Discussion thread.
    • Refer topics such as price, gossip, events, etc to the Daily Discussion Megathread.
    • Please report top-level promotional comments or shilling.
    • Please be level-headed and patient. People may take some time to respond. These are other volunteers who help make the community a better place.
    • Please include as much information as possible in your support request. It's much easier for people to help you if they can pinpoint what's wrong.

    Rules:

    • All sub rules apply in this thread.
    • Discussion topics must be on topic, ie only related to new user activities and support. Shilling or promotional top-level comments will be removed. For example, giving the current composition of your portfolio, asking for financial adivce, or stating you sold X coin for Y coin(shilling), will be removed.
    • Karma and age requirements are lessened here, yet still in effect.

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    • https://stackexchange.com

    Thank you in advance for your participation.

    submitted by /u/AutoModerator
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    SingularityNet AGI Partners with Gloryview Tech for smart Cities

    Posted: 08 Jun 2019 08:23 PM PDT

    BOMB Token Discussion

    Posted: 08 Jun 2019 07:20 AM PDT

    Since there's no discussion thread over at r/bombtoken currently I wanted to start a thread here.

    BOMB has been on a (in my opinion unsustainable) rise lately after gaining some visibility on a few exchanges.

    The premise is that 1% (with a minimum of 1 BOMB) are destroyed whenever a transfer is made. this creates a strong deflationary force on the token's supply.

    I'll ask questions I have via comments to this thread so as to not put the entire conversation on rails. anyone else who is watching this token please feel free to add your own questions as top level comments.

    Edit: 1% not 10%

    submitted by /u/slay_the_beast
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    Bitcoin Indicator Flashes a Sell Signal as Slump Accelerates. Token’s technical gauge registers first sell sign since April. Crypto prices extend declines after SEC sues Kik Over ICO.

    Posted: 09 Jun 2019 02:15 AM PDT

    French Vineyard “P. Ferraud & Fils” Shares Details of its Blockchain implementation

    Posted: 08 Jun 2019 07:24 AM PDT

    Alex Hobern, from the UK reality TV show “The Circle” loves crypto after paying for hotel rooms, airfare, meals and other assorted travel-based items with digital assets, in a 12-day trip in the Money 2020 Payments Race.

    Posted: 08 Jun 2019 10:39 PM PDT

    What alt coins are you holding? And why?

    Posted: 09 Jun 2019 04:12 AM PDT

    I have some invested in bitcoin, probably somewhere around around 60% and the rest in alt coins. I bought them when I didn't really know anything and was looking for gains. Still looking for gains but want to invest in some coins that are doing some great things.

    submitted by /u/helloryanholmes
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    This guy totally gets it (taken from /r/askreddit

    Posted: 09 Jun 2019 04:08 AM PDT

    Ethereum 2.0 - What is proof of stake, how can we participate?

    Posted: 08 Jun 2019 01:54 PM PDT

    Proof of Transaction As New Consensus Algorithm Proposed by TAU Coin

    Posted: 08 Jun 2019 11:59 PM PDT

    Recently, perhaps crypto currency watchers often hear about the ideas of Proof of Work and Proof of Stake, as well as the definition of mining, or the process of how new digital currencies are released through networks.

    Proof of Work

    As considered the first consensus algorithm, Proof of Work (PoW) is defined as a protocol that has the main purpose of preventing cyber attacks such as distributed denial-of-service (DDoS) attacks, which aim to use up computer system resources by sending fake requests.

    The concept of Proof of work already existed even before bitcoin, but Satoshi Nakamoto applied this technique to - we still don't know who Nakamoto really is - his digital currency that revolutionized traditional transaction methods.

    In fact, the idea of ​​the PoW was originally published by Cynthia Dwork and Moni Naor in 1993, but the term "Proof-of-Work" was created by Markus Jakobsson and Ari Juels in a document published in 1999.

    However, taking into account the date it was made, POW is probably the biggest idea behind Nakamoto's Bitcoin white paper - published in 2008 - because it allows consensus without trust and distribution.

    Proof-of-Work which is performed through mining and used by Bitcoin, Litecoin and Dogecoin among others. The miner is incentivized because it receives a reward for solving the puzzle that verifies the transaction. The quantity and quality of the computer determine the mining power and consequently the profit you can make. PoW reaches consensus because the miner has to (literally) prove the verification through computational labor, and at least 51% of the miner-network has to agree with the verification.

    ​

    Proof of Stake

    Proof of Stake (PoS) as the second consensus algorithm, is another way to validate transactions based on distributed consensus, and to achieve distributed consensus. This is still an algorithm, and the goal is the same as proof-of-work, but the process for achieving goals is very different.

    The idea of ​​proof-of-work was first proposed at the BitCointalk forum in 2011, but the first digital currency to use this method was Peercoin in 2012, along with ShadowCash, Nxt, BlackCoin, NuShares / NuBits, Qora, and Nav Coin.

    Unlike proof-of-work, where the algorithm rewards miners who solve mathematical equations with the aim of validating transactions and creating new blocks, with proof-of-stake, the creator of the new block is chosen in a deterministic way, depending on wealth, or defined as well as a bet. There are no block rewards.

    This PoS selects a validator (comparable to a miner) based on the number of coins it deposits. Since one validator verifies the transaction, the miner doesn't need to waste as much energy and hardware as Proof-of-Work – where each miner tries to solve the same transaction.

    In addition, all digital currencies were made beforehand and the numbers never changed. This means, in the PoS system, there are no block rewards. So, the miners take transaction fees.

    However, the rich get richer as they have higher chances at the selection procedure, meaning higher chances to receive the reward. This is why, in fact, in this PoS system, miners are referred to as counterfeiters. PoS is implemented by Peercoin, Decred, and Ethereum. This verification scheme reaches consensus because the validator-network checks the reviews as well. The validator won't verify fraudulent transactions because it will lose more money (the deposit) than it can earn (the reward).

    ​

    Proof of Transaction Proposed by TAU Coin

    Cited from http://networkcultures.org/longform/2018/08/25/proof-of-transaction-the-materiality-of-cryptocurrency/ ,

    Proof-of-Transaction is defined as "a physical object that absorbs the process of transferring value from one space or entity to another. It captures the orders of magnitude of the exchange (from technology to phenomena) and narrates these realities through interobjective relations". Further, it is explained that transaction contains a meaning of 'an agreement' which involves an exchange or interaction between two entities. While other word that is 'proof' shall be referred to 'evidence', the witness of an event.

    The proposal of TAU is an original consensus mechanism POT. It uses on-chain historical accumulated transactions to determine who can propose a new block. Block generation in TAU is still called mining like Bitcoin, but block reward only comes in the form of transaction fee. TAU is a single utility chain that funds wiring is the only thing supported; therefore, transaction fee is the only income for miners. TAU block structure is designed to support mobile phone mining for decentralization. Total 10 billions coins are generated in the genesis block, while the goal is for each individual to have a full TAU. For every address, the probability of generating a new block is exactly in linear proportion to its historical transaction. This sum is called mining power, an analogue to hash power in Bitcoin.

    Further information can be found at www.taucoin.io.

    submitted by /u/denio17
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