Cryptocurrency Daily Discussion - November 23, 2019 (GMT+0) |
- Daily Discussion - November 23, 2019 (GMT+0)
- Furious CZ from Binance suing The Block over market tanking 'fake news'
- Without cryptocurrency, a cashless society is an Orwellian surveillance society. A sobering reminder of what's actually at stake. Cryptocurrency is our way to opt-out, not "get rich".
- Bakkt prepares for Cash-settled Bitcoin futures contract, hits new record volume yesterday of $19.8 Million, reaches a cumulative (45-days) volume of $200 Million.
- Brendan Eich (Brave / BAT) keynote at WebSummit - he states they will support all cryptos at some point. They will not pick winners.
- Bakkt hits new all-time high as Bitcoin investors 'buy the dip'
- 47,000 BTC (337 mil $) just moved
- South Korea plans to invest over $380M for blockchain research and development
- China Exchange FUD is fake - Just rehashed 2017 content
- Ponzi Schemes, Private Yachts, and a Missing $250 Million in Crypto: The Strange Tale of Quadriga
- Simulation study of FPC (IOTA Coordice progress)
- The Truth Behind The Lies You Have Been Told About Bitcoin And Cryptocurrencies
- The Next Bitcoin Bull Rally Will Be Totally Different From The 2017 One
- Bithumb Family, the new ecosystem of Bithumb Global
- Grayscale to Launch Diversified Crypto Fund for Public Trading in Apparent 1st in US
- Futures and Derivative Trading Has Hurt Crypto Trading
- Bloomberg Interview: Binance CEO talks about Bitcoin and crypto market
- Kraken 28 day funding policy questions
- Grayscale’s Large Cap Fund - World's First Publicly Quoted Altcoin Index
- Just Do It!
- 5 Personal Finance Products for Every Crypto Investor
- Is currency doomed?
- Does this hurt you, or are your legs up with a bucket of popcorn on your belly?
- Anti-capitalist Crypto
| Daily Discussion - November 23, 2019 (GMT+0) Posted: 22 Nov 2019 04:09 PM PST 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:
To see prior Skeptics Discussions, click here. [link] [comments]  | ||
| Furious CZ from Binance suing The Block over market tanking 'fake news' Posted: 22 Nov 2019 11:17 PM PST
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| Posted: 22 Nov 2019 05:37 AM PST
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| Posted: 22 Nov 2019 11:51 PM PST
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| Posted: 22 Nov 2019 11:26 PM PST
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| Bakkt hits new all-time high as Bitcoin investors 'buy the dip' Posted: 22 Nov 2019 04:49 PM PST
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| 47,000 BTC (337 mil $) just moved Posted: 22 Nov 2019 01:16 PM PST
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| South Korea plans to invest over $380M for blockchain research and development Posted: 22 Nov 2019 10:42 AM PST
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| China Exchange FUD is fake - Just rehashed 2017 content Posted: 22 Nov 2019 02:36 PM PST
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| Ponzi Schemes, Private Yachts, and a Missing $250 Million in Crypto: The Strange Tale of Quadriga Posted: 23 Nov 2019 02:01 AM PST
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| Simulation study of FPC (IOTA Coordice progress) Posted: 22 Nov 2019 05:13 AM PST
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| The Truth Behind The Lies You Have Been Told About Bitcoin And Cryptocurrencies Posted: 23 Nov 2019 03:56 AM PST
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| The Next Bitcoin Bull Rally Will Be Totally Different From The 2017 One Posted: 23 Nov 2019 03:23 AM PST
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| Bithumb Family, the new ecosystem of Bithumb Global Posted: 22 Nov 2019 06:50 AM PST
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| Grayscale to Launch Diversified Crypto Fund for Public Trading in Apparent 1st in US Posted: 22 Nov 2019 11:47 AM PST
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| Futures and Derivative Trading Has Hurt Crypto Trading Posted: 22 Nov 2019 06:18 AM PST Disclaimer: This is my opinion but I have heard this come up more than once and think is a good reminder. When I talk about this I like to point out the incredible growth in BTC before futures or derivative trading. Now I'm not talking about the run up to $20k but $200 to $2-3K. That was an organic growth in buy-in and interest in crypto. Once futures and derivative trading is introduced bitcoin follows pretty reliable patterns of growth and recession centered around future prices. Also, it's pretty well established that whales have created a pretty reliable income stream through opening short positions, selling a couple thousand BTC to induce panic selling, ride the price down a few thousand then closing the short while simultaneously opening long positions ride the recovery back up and rinse and repeat. Your average trader has minimal opportunity at windfalls on BTC like there used to be. I also like to point out that this is the similar belief held about the US Equity market. It's well known that derivative trading is a way for the wealthy to make more money. [link] [comments]  | ||
| Bloomberg Interview: Binance CEO talks about Bitcoin and crypto market Posted: 22 Nov 2019 04:04 PM PST
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| Kraken 28 day funding policy questions Posted: 22 Nov 2019 06:11 PM PST Ok, so today I had my position liquidated on Kraken, after chatting with customer support they informed me I had surpassed the 28 day funding limit on the position. I had traded margin Kraken a lot a year or two ago and never ran into a position that .I held this long. Im a bit shocked because I never remember seeing that anywhere on their website when I made my account in 2017, and They gave me no warning whatsoever. How does the community regard this practice? In the support menu the do explain this process, but since I have been trading on there for years and never encountered this issue, I don't know if it was always a policy, or if it was adopted later and snuck into the support page. I am obviously upset abut the loss but am curious if this is a standard for all US margin platforms, or if is otherwise nefarious. If the policy was slipped into effect after my account creation in 2017, I feel they should have notified customers, or at the very least provide an available funding metric and a time clock for funding for US residents. Please share your thoughts, ill be the first one to call myself an idiot for not looking at the policies more frequently, but it is still really fucked up. [link] [comments]  | ||
| Grayscale’s Large Cap Fund - World's First Publicly Quoted Altcoin Index Posted: 22 Nov 2019 09:25 AM PST
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| Posted: 22 Nov 2019 09:46 PM PST
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| 5 Personal Finance Products for Every Crypto Investor Posted: 22 Nov 2019 05:01 PM PST
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| Posted: 22 Nov 2019 08:17 PM PST There are pretty clear definitions of currency. But I'd like to break it down to its core. Because if we understand really what it is, we can define what makes the ultimate currency, but also, more importantly, what the future holds for currency. To understand currency we need only ask why. Why do we need currency? Simply, it gives me the ability to transfer ownership from one asset to another, quickly, seamlessly and with the option of divisibility. Think about the act of being paid a salary. You work for a company, hopefully providing value, for which you accrue remuneration - an asset. You do this to buy food, send your kid to school and buy a home. You could grow your food, teach your kid and make your own bricks and cement to build your own house. But this is inefficient, so we work where we can create better value and outsource our ultimate needs. Being paid a salary is disconnected for what your objectives are, but because of money we can connect them. We could ask our employer to pay us in food, schooling and in housing, but that's inefficient and probably much harder to adjust month to month according to the specific needs. Again, the reason why we have money is because we need to transfer our ownership of work to a grocery, school and builder easily with them accepting it just in the same way you accept it, with the freedom to adjust that spend as you feel necessary and to have immediacy of receiving and converting. Currency is simply the universally accepted medium between swapping out assets, instead of bartering. So really the benefit comes down to efficiency, how easily can I transfer between two assets, knowing that it'll be accepted at the same value for which I received it. This means that any loss of that value along the way is inefficient for what my ultimate goal is - that goal has nothing to do with the money itself but rather assets at either end and having a 1:1 conversion for them. Fungibility comes down to the need for this goal of 1:1 transfer between people who value assets differently because of their unique needs - currency unifies value. Any friction is therefore suboptimal to achieve actually what we require out of currency. Time wastage, devaluation through inflation, costs and fees, and also more broadly speaking an economic burdnen on 3rd parties, is friction. Although neither of these are deal breakers - because even dollars incur bank charges, devalue over time and can take time to receive and send, yet we still use dollars - we should certainly strive to have the most frictionless currency to benefit the end user the most. Cryptocurrency, in the purest sense of the word currency, should strive to be the most frictionless form of value transfer on the blockchain. It should allow me to buy and sell assets at no additional cost to me, to the economy or to the environment. The more fluid and more liquid this is, the closer it comes to providing this ultimate need. But the final reality really, because of this very dissection of why we need currency, I conclude that because of Blockchain currency is ultimately doomed. And let me clearly state that this probably won't even happen in my lifetime. But certainly currencies, of all forms, will not survive when Blockchain matures. Why? Because it will give me to the ability to do those asset transfers instantly and divisibly, without the intermediary. The fractional ownership that Blockchain can assign to anything is the key that unlocks this. At the end of the month when I am to be paid my salary, I could select to get remunerated in bread tokens, school tokens and house tokens, at what ever ratio I need at the time with no inconvenience to my employer. I can be paid in stocks and bonds if I want to leave my asset in something that will (most likely) increase in value over time. Blockchain will eventually make all these value transfers between all assets so seamless and divisible, there will be no need for an intermediary currency. So yes, the hype is correct that banks in a traditional sense are doomed - but ultimately, so is currency itself. [link] [comments]  | ||
| Does this hurt you, or are your legs up with a bucket of popcorn on your belly? Posted: 22 Nov 2019 05:07 AM PST The CC Eco System is ever growing into all directions. Nothing linear to be found in here, not even exponentially. It's like a sphere of developments and it's moving bigger and faster. These price swings will be slingshot us to unknown levels of achievements. We have left the double digit nominations quite a while ago. The swings are in the 1K a day for BTC. What are your thoughts? Will be the Swings hit the double digit K's soon? Are you out of gas, or have you ordered more popcorn and about to get more BTC and Alts?? [link] [comments]  | ||
| Posted: 22 Nov 2019 08:32 AM PST So I feel like the crypto space is largely filled with ancaps/libertarians. Personally, I'm more on the ancom side of things, at least speaking in ideals. Curious if there are others on the left or bottom left quadrant of the political compass in the community. If you're not, that's fine, whatever. Not here to argue against you honestly. I've been thinking lately that no existing crypto or new crypto, as long as it can be purchased with normal currency, is safe from the already mega rich. Even coins that have to be mined, could be mined faster by someone with the capital to buy enough computing power. The only option I can see is to make all currencies obsolete, but that is very far off, if at all possible. My question to the crypto community is: Do any coins exist already to address the build up of wealth? Or can you see a feasible design, using the technology crypto has introduced, to make things an even playing field for people? Some sort of LeftistCoin™ [link] [comments]  |
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