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    Wednesday, November 27, 2019

    Cryptocurrency Daily Discussion - November 27, 2019 (GMT+0)

    Cryptocurrency Daily Discussion - November 27, 2019 (GMT+0)


    Daily Discussion - November 27, 2019 (GMT+0)

    Posted: 26 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:

    • 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 The prior exemption for karma and age requirements is no longer in effect.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.

    To see prior Skeptics Discussions, click here.

    submitted by /u/AutoModerator
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    Upbit confirms 340,000 ETH hacked

    Posted: 27 Nov 2019 01:09 AM PST

    Is Walmart the most important company in crypto in terms of driving real world use cases?

    Posted: 26 Nov 2019 03:59 PM PST

    Cryptocurrency Will Not Die

    Posted: 26 Nov 2019 03:07 PM PST

    Top South Korean Bitcoin exchange loses $50 million ether

    Posted: 27 Nov 2019 01:46 AM PST

    After 24 hours of mining on the Coinmine One, I've earned only $0.28 ��

    Posted: 26 Nov 2019 06:17 PM PST

    Another crypto scam - ICORating.com. Our $8k seized. Stay away from them.

    Posted: 26 Nov 2019 10:22 PM PST

    Earlier this year we paid ICORating.com $8,000 for their services. Even though we were unsure when we'll be going ahead with our ICO, their team member (Leo) told us this is a "limited offer" and we can always avail their services later and if we decide to cancel the ICO later they'll be happy to refund the entire amount. He insisted we will won't get this offer again, and we might have to pay almost double later. So we paid.

    Now when we decided to call our off our ICO, they're not refunding the amount even though their policy on their website states otherwise.

    1.6. In the event that the Client intends to cancel the services / works provided by ICORating and obtain a refund, they can do so only prior to the commencement of works /services. The Client will also take responsibility for all transaction costs related to there-transfer of the Client's funds back to the Client. In the event of the Client's cancellation of services / works after the commencement of works / services,100% of the price of the works / services will not be refunded to the Client and will be retained by ICORating.

    After paying them we never discussed or availed any of their services. Upon asking why they are going against their own policy, they made something up and said 1.6. policy number is only valid for advertising or listing. Nowhere on their policy page says so.

    It shouldn't be a surprise that they don't mention anyone from their team on the website. Their main communication manager is not aware of who the CEO is and calls himself an ordinary employee who has no idea of management: https://imgur.com/a/imD3UcY

    This industry is unbelievable and no short of scams. I did my due diligence on ICORating, but of course, I was wrong.

    I just wanted to let you guys know. I don't want someone else to suffer losses.

    submitted by /u/askmynametwice
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    Integrate Hyperledger Fabric With the IOTA Tangle

    Posted: 26 Nov 2019 06:22 AM PST

    Reserve Bank Australia "Monetary Policy Is No Longer Working"

    Posted: 26 Nov 2019 11:00 PM PST

    Is TenX faking online users on Reddit?

    Posted: 26 Nov 2019 06:35 AM PST

    Is TenX faking online users on Reddit?

    TLDR* I believe TenX is faking their subreddit usercount

    If you go to TenX subreddit at any time this is what you will see that there are always at least 3000 people currently online but the lack of activities on their subreddit doesn't match the numbers, to help you have a sense of comparison r/cc currently has 3100 online users right now and there is a new post every few minutes if you sort by new.

    https://preview.redd.it/ow6ypm08i1141.jpg?width=377&format=pjpg&auto=webp&s=fc648332a4f58bf06a843924f51ec4a7d88064b4

    So I decided to let my curiosity run wild and did a quick check on the r/TenX's metrics and found some shady spikes in subscribers on certain days, here's a screenshot for quick viewing, but you may check it yourself here https://redditmetrics.com/r/TenX

    https://preview.redd.it/wa3uqtl4j1141.jpg?width=1281&format=pjpg&auto=webp&s=2c6aa8e138fe992154b3fc0072edd800e15b178c

    In comparison, lets look at some other subreddits with healthy growth rate

    https://redditmetrics.com/r/CryptoCurrency

    https://redditmetrics.com/r/Bitcoin

    https://redditmetrics.com/r/ethereum

    If you read all these you're a legend, here's a happy potato to brighten up your day.

    https://preview.redd.it/97i63erck1141.jpg?width=555&format=pjpg&auto=webp&s=2d5cef7587d913d54c2b728349e2e116246dcc48

    submitted by /u/edisonlau
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    Vitalik Buterin: 5 of the biggest challenges for cryptocurrency today

    Posted: 26 Nov 2019 10:28 AM PST

    I think things are only going to get worse for privacy coins

    Posted: 26 Nov 2019 01:46 PM PST

    Seriously how much does the everyday guy know about crypto and blockchain?

    Posted: 27 Nov 2019 03:08 AM PST

    OneCoin scam lawyer gets convicted for money laundering

    Posted: 26 Nov 2019 10:44 AM PST

    What regulatory problem do we see occurring for Monero?

    Posted: 27 Nov 2019 01:34 AM PST

    Decentralized Cryptocurrency Exchange (DEX) Appetite Grows as Volume Continues to Increase Dramatically

    Posted: 26 Nov 2019 10:40 AM PST

    Non profit .org sold to private entity, here are decentralized alts

    Posted: 27 Nov 2019 03:32 AM PST

    Market Mostly Trades Sideways as Bitcoin Price Hovers Around $7,200

    Posted: 26 Nov 2019 11:33 PM PST

    FunFair is ready at iGaming show SiGMA Malta

    Posted: 27 Nov 2019 01:21 AM PST

    Come and participate in the Constellation (DAG) + Chainlink AMA on Wed 27 Nov 9am PST on Telegram

    Posted: 26 Nov 2019 01:39 PM PST

    How to access all your digital wallets on Sylo

    Posted: 26 Nov 2019 10:37 AM PST

    Bitcoin: Coins traded vs. price with a color-coded time dimension

    Posted: 26 Nov 2019 11:08 PM PST

    Even kids new that Bitcoin was intended to be money.

    Posted: 26 Nov 2019 09:04 PM PST

    I was just shown this ad related to Blockchain and Cryptocurrency by BOSCH

    Posted: 26 Nov 2019 08:14 AM PST

    The title of the ad (actually a link to BOSCH's web site) was "Cars negotiating with charging stations"

    https://www.bosch.com/de/stories/dlt-autos-die-mit-ladesaeulen-verhandeln/

    As the page is in German, I have added a translation below.

    BOSCH is a large German-based company with € 78 billion ($ 85 billion) yearly revenue and heavily invested in the car supply industry. The page shows their strategic thinking and how important they expect Blockchain and Cryptocurrency to be. It is a good example of how future adoption will look like.

    No mention is made of which blockchain or digital ledger they are intending to use.

    Cars negotiating with charging stations

    When a car negotiates the price of the electricity it charges itself, it not only simplifies the charging process. There is an outlook on the potential of the economy of things, in which, among other things, energy-economy processes can be optimized.

    Get in, enter your destination, drive off - when Christian Heise and his family want to travel from Stuttgart to Berlin by car, everything seems quite ordinary at first glance. What's completely unusual, however, is what happens in the background: "It's a view into the Internet of Things," as Heise says. As deputy director of the "Economy of Things" project at Bosch, he combines the topics of energy and mobility in a prototype that is to improve the charging process of electric cars based on blockchain technology - and at the same time take the networked world a big step forward.

    Even if Heise only states his destination before the trip, the prototype, a software agent running on a computer in the trunk, knows what is important to its driver. Heise has saved these basic settings. For example, he wants the charge level on the journey to Berlin never to drop below 20 percent. He has set an upper limit for the price of electricity and would like to have a cup of coffee with his wife during the charging process, with a view to a playground for their son.

    Economic value through networking

    Reducing the range anxiety, negotiating the price for the charging process as low as possible and maximizing comfort for the user during charging by specifying point-of-interests - these are the three parameters that the artificial intelligence of the EV charging prototype tries to combine. "Specifically, we bundle the logic into an economic agent, a program code that acts differently on different challenges.

    This enables it to negotiate," says Heise. The result: "Things decide which actions are economically viable for themselves and their clients," says Heise. It is the core of the Economy of Things. "Our prototype shows how things negotiate with each other, i.e. how they exchange real values. An economic value is created through networking".

    Negotiating resources

    Of course, this economic agent can only work sensibly if it communicates with other agents. Bosch works together with EnBW, for example, for this purpose. The energy company has developed the prototype of a charging station, which also has an economic agent. This intelligent charging station manager "represents" its own interests, such as availability and utilization of the charging station or sales targets. Vehicle and charging station can thus negotiate different and transparent price models via their software agents, which are offered to the driver for selection in real time.

    The result of the negotiations is then manifested on the blockchain in a Smart Contract jointly developed by Bosch and EnBW. This standard contract, which contains the ID of the vehicle and charging station as well as the charging power and price, is stored in the decentralized network. "The blockchain is the technical basis for coordinating EV charging processes independently of specific operators. We are working with our partners on the necessary legal acceptance of such contracts," says Heise. The conditions for the loading process are confirmed by both agents and the loading process can be carried out during insertion as specified in the contract. "Our EV charging agent and the EnBW charging post agent are therefore each trying to achieve their goals as well as possible and are therefore negotiating their resources optimally," says Heise.

    Marketplace for electricity

    He sees another major advantage in decentralized systems with many agents based on distributed ledger technologies such as blockchain: "Like on a marketplace, providers make their power available, with all relevant information. The agent can then scan its environment and select the appropriate offer for the driver. In a centralized system, all devices would first have to send their environmental data and requests to a coordinator, and each power provider would also have to send its own data. "All this has to be calculated, is highly complex and requires enormous computing power," says Heise. If, on his way to Berlin, he is looking for a charging station at another location at short notice due to a traffic jam, the request is only placed where Heise is driving along, which means significantly less coordination effort and therefore lower resource consumption.

    Socially fair distribution

    The technology can thus also provide an answer to the question of whether there is enough electricity at all for the widespread use of electric cars. "Distributed agent-based systems relieve us of critical energy infrastructure," says Heise. With the help of artificial intelligence, the loading times and locations of cars could be coordinated via the blockchain: "An allocation algorithm could suggest loading the car at work or leaving it at home and commuting to work with a ride. The next day it could be changed." This should further contribute to reducing peak loads.

    Heise's goal is to bring together the needs in the areas of mobility and energy "by allowing ride sharing, multimodal transport models and energy management to trade economically with each other". At its core, a sociallly fair distribution mechanism is to be promoted. For example, Heise and his team are developing a security mechanism based on algorithms: It ensures that nobody is disadvantaged and prevents large stakeholders from joining forces and arbitrarily speculating on prices.

    submitted by /u/ngt_
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