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    Cryptocurrency Daily Discussion - December 28, 2019 (GMT+0)

    December 28, 2019

    Cryptocurrency Daily Discussion - December 28, 2019 (GMT+0)

    Daily Discussion - December 28, 2019 (GMT+0)

    Posted: 27 Dec 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 The prior exemption for karma and age requirements is no longer in effect.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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    Inside The Cryptocurrency Revolution | VICE on HBO

    Posted: 27 Dec 2019 09:15 PM PST

    All the crypto youtubers said the magic words though

    Posted: 27 Dec 2019 07:19 AM PST

    Secretary of the Treasury concerned about crypto then claims "cash isn't laundered" and "nefarious activities have not been successfully done with cash"

    Posted: 27 Dec 2019 01:15 PM PST

    The Crypto Heatmap

    Posted: 27 Dec 2019 11:09 AM PST

    The Worst 5 Cryptocurrencies Of The 2010s

    Posted: 28 Dec 2019 01:29 AM PST

    Crypto.com: Any thoughts?

    Posted: 27 Dec 2019 02:02 PM PST

    I decided to put some thoughts together after my experience using Crypto dot com (CDC). I didn't really manage to find many reviews and breakdowns before joining the platform myself, so thought it might be helpful to those considering joining to be able to see all their offerings in one go since they also don't have a lot of this info easily accessible.

    If you have experience using them and have your own thoughts, feel free to chime in.

    Review Link: HERE

    I'll summarize most of my thoughts - I think they have a great product, one of the best app UXs I've had the pleasure of using that trumps the competition (like Celsius). The In-App Support feature is also unrivaled, and blows me away that you can speak to a live-human in app within minutes. The Cashback on the debit card is a nice feature, and tho, I'd personally prefer receiving cash or btc directly as opposed to MCO, it is a great way to increase your exposure passively as you go about your day especially if you believe in CDC and their future. I do wits they had an auto-top up feature allowing users to auto-convert your crypto when you spend. It takes an adjustment using basically a prepaid debit card and loading up funds before purchase, making sure you don't go over available balance.

    As far as an all in one ecosystem goes, they've largely succeeded in creating a seamless user experience and having industry-leading interest rates in their Earn program doesn't hurt. I'm a big fan of lending out crypto to earn interest, I've like to know more about what they do with our crypto since earning 12% on stablecoins is unheard of (with MCO staked) the closest being blockfi at 8.6% - I can't imagine it will last for much longer. Adding the new crypto exchange was definitely a surprise and I have concerns they maybe spreading themselves thin a bit. There are many other milestones and promise that have yet to be met, so I hope this doesn't cause them to fall behind even more.

    The MCO staking requirements for various services, especially the Debit Card maybe a hard pill to swallow for more casual users who aren't as crypto inclined (minor speed bump to adoption - and yes I know the free midnight blue is an option). I think the idea of putting a couple hundred dollars on the line with a largely unknown company like CDC in return for $50 does sounds like a great deal for some like those who were already planning on getting MCO card anyways - but it simply doesn't compare to say applying for a checking account/debit card at a globally recognized bank with similar perks...overall a hard-sell for the masses (too early) at this stage unless you're a true crypto fan or just really want free netflix and spotify I don't see regular folks joining up anytime soon. That being said, in due time, if CDC continues its domination and expansion into new global markets with no issues, I'm sure their reputation will grow with it.

    Kris has mentioned they will be fully profitable by 2020, which is good news as many were curious how they were able to afford many of the perks they provide their users - again, no figures to backup the claim so we'll have to take his word for it. I do hope they become more transparent with their platform performance and figures, but we'll see if they ever do.

    Kris has also mentioned developing DEFI solutions for many of their products that would allow users to retain keys to their crypto which would be a fantastic step forward and could be a turning point if it does come to fruition for many other platforms to follow suit.

    The addition of the native currency CRO in addition to the original MCO mucks up the waters a bit for me and has been a divisive topic for many early adopters. I don't personally see why it was necessary to create a new coin as opposed adding new features to MCO's token utility and developing both coins in tandem seems like a monumental task - hopefully the team is up for the challenge.

    But all in all a solid product that is bringing the heat to legacy banking (albeit piggybacking on Visa's infrastructure and reach ironically) - I hope to continue seeing improvements with their products in the months to come.

    If mass adoption is to become a reality, this is how it happens.

    For those considering CDC or already using their product whether it's their card or app. What are your thoughts? Positive or negative?

    submitted by /u/joepile
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    Exodus Development Update - Monero (XMR) in Mobile - 2019 Year in Review

    Posted: 27 Dec 2019 03:36 PM PST

    It's time for alternative Google services for sure. Listing here

    Posted: 28 Dec 2019 12:57 AM PST

    Google starts to be so arrogant by showing their dictatorship, deleting genuine and legit accounts, acting like r/bitcoin. It's time for better alternatives.

    We don't have to argue with them, just outpace them by a community of creators.

    submitted by /u/CoinMarketSwot
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    Excellent Brave New Coin podcast - Andreas

    Posted: 27 Dec 2019 05:24 PM PST

    this is a really good interview with andreas antonopoulos who talks about the first decade of bitcoin and what happens next in the 2020s

    submitted by /u/paperplanesyo
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    Korea’s central bank to hire additional experts to research digital currencies

    Posted: 27 Dec 2019 10:49 AM PST

    What does the Cryptocurrency space think about the fact that we already have totally free and instant transactions made possible by services like Zelle (built right into most banking apps). The only benefit most will see in crypto is the ability to transact internationally much easier.

    Posted: 27 Dec 2019 09:25 AM PST

    And since international transactions are only needed by 0.01% of the population that's not a huge selling point. Other than a speculative asset, what do you honestly think Bitcoin or any other crypto will be USED for?

    submitted by /u/stephenvsawyer
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    Virgil Griffith Denied Bail Based on Texts to Parents :/

    Posted: 27 Dec 2019 10:54 AM PST

    How Economic and Political Events can Affect Cryptocurrencies in 2020

    Posted: 27 Dec 2019 10:53 AM PST

    Congress considers federal crypto regulators in new Cryptocurrency Act of 2020

    Posted: 27 Dec 2019 06:21 AM PST

    Bosch Connectory approved by the community to run an Obyte witness node

    Posted: 27 Dec 2019 08:15 AM PST

    Daily Crypto News - HitBTC: The Biggest Crypto Fraud? | New U.S. Crypto Laws | MetaMask | Much More!

    Posted: 27 Dec 2019 07:27 PM PST

    Fantom Foundation - Opera Mainnet v0.1 Release and the Future

    Posted: 27 Dec 2019 09:31 AM PST

    Pair Exodus Desktop Wallet with Exodus Mobile Wallet

    Posted: 27 Dec 2019 09:41 AM PST

    Trade Organization ICC (International Chamber of Commerce) Adopts Blockchain for Its 45 Million Members

    Posted: 27 Dec 2019 09:46 AM PST

    The world's biggest business organization is making blockchain technology available to its 45 million members, including Amazon, Coca Cola, Fedex, McDonald's and PayPal.

    https://www.coindesk.com/trade-organization-icc-eyes-blockchain-adoption-for-its-45-million-members

    The ICC is also building blockchain technology in to their Incoterms 2020 - the rules by which ALL international trade follows.

    https://iccwbo.org/media-wall/news-speeches/incoterms-rules-2020-blockchain-dorjee-sun-perlin-dap-fob-fca-exw-cfr-cpt/

    submitted by /u/Econcrypt
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    Successful 2019 cryptocurrency year

    Posted: 27 Dec 2019 11:48 PM PST
    Read more
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