• Breaking News

    Sunday, December 29, 2019

    Home Unlabelled Cryptocurrency Daily Discussion - December 29, 2019 (GMT+0)

    Cryptocurrency Daily Discussion - December 29, 2019 (GMT+0)

    December 29, 2019

    Cryptocurrency Daily Discussion - December 29, 2019 (GMT+0)

    Daily Discussion - December 29, 2019 (GMT+0)

    Posted: 28 Dec 2019 04:10 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 The prior exemption for karma and age requirements is no longer in effect.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
    [link] [comments]

    Trevon James

    Posted: 28 Dec 2019 01:31 PM PST

    20,000 tickets for UEFA 2020 to be sold on blockchain

    Posted: 28 Dec 2019 04:39 AM PST

    UN all in on blockchain -Secretary-General Says United Nations Must Embrace Blockchain

    Posted: 28 Dec 2019 11:52 AM PST

    The story about the easiest money I ever made

    Posted: 28 Dec 2019 12:16 PM PST

    Here's a story about a time it felt like I had basically found a money printing machine. It was a method of consistently earning money with very little effort.

    It happened sometime 2017 or 2018, during the height of the last crypto craze. And no, although I did make money riding the rally, that's not what I'm talking about. I was profiting not only in terms of fiat, but also in terms of crypto.

    This was during the height of the EtherDelta decentralized exchange, and that exchange was the key to the method. The special thing about EtherDelta was that you could place several orders using the same balance. For example, if you had 1 ETH in the smart contract, you could in theory place a buy order worth 1 ETH on every single token on the exchange. The only thing that happened if two orders were filled at the same time, was that one of them would fail.

    So I figured I could use that feature to just place a bunch of lowball buy offers on various coins. I cast a wide net, but targeted trading pairs with decent activity (orders being made every day or so at least), but also high spread, so that I could place a buy order that was the best offer available even though it was still lowballing. And after doing this to a number of pairs, many of the orders were soon filled. Then, I just did the same thing but with a sell order instead. I had the best sell order on the book, but because of the spread it was still 10-20% higher than what I had just bought the tokens for.

    And then I just did it again. And again. I was constantly on the lookout for suitable trading pairs with enough spread. Soon I wrote a script that regularly checked the etherdelta API to automatically report such pairs to me. It almost seemed to good to be true, because it just kept working. My balance was growing, and it didn't feel like luck because the growth was so steady and consistent.

    Of course there were some botched trades, where after I had bought the price sunk so that my sell order didn't hit for a long time. But in surprisingly many cases, even those tokens did eventually come back up and my sell order was hit at a profit after all. Sometimes not though. I remember one token, Windy (WND). The etherdelta page looked perfect, good spread but good volume. So I made a buy order and it was filled. But my sell order just wouldn't fill, even though plenty of similar sell orders were. And the price kept falling. Eventually I realized that I had been had. It was a scammer that had faked the entire orderbook, creating volume by selling to himself in order to lure people like me into buying for real. But I didn't even mind much, because the steady flow of successful trades drowned out cases like that.

    Unfortunately, Etherdelta was having trouble. The website was loading very slowly, sometimes not at all, as some of you may remember. And at one point, the original creator sold the site to a third party, who took the website down for weeks IIRC. There was a forked frontend, Forkdelta, but it was already too late: The exchange was slowly but surely abandoned by its users and the volume dried up. So of course the strategy stopped working, only a month or two after I had discovered it. During that time, I had profited about 17.5 ETH. That's not so much today, but at that time it was worth around 17k USD. I sometimes wonder what would have happened if Etherdelta didn't die. Could this strategy have continued to be viable indefinitely? If we extrapolate, that would have given me a yearly wage of like $100k, not bad for what only took an hour or so of work per day.

    submitted by /u/iwakan
    [link] [comments]

    Not a big fan of Coinbase fees, but I will say that sending crypto to email addresses is pretty cool. We've come a long ways this past decade I can't wait to see what 2020 brings us! Onward friends!

    Posted: 28 Dec 2019 11:58 AM PST

    This imagine is so old it’s almost accurate again

    Posted: 28 Dec 2019 06:10 PM PST

    Slowly but surely! — Indian Government will Provide Blockchain Training in Several Cities

    Posted: 29 Dec 2019 03:15 AM PST

    Request for Critique (Plus potentially useful info for others): Detailed Hardware Wallet Comparison Page & Spreadsheet

    Posted: 28 Dec 2019 10:57 PM PST

    So I have a fairly small YouTube channel that looks a cryptocurrency stuff. Mostly to do with how to keep yourself safe as well as how to help you use tools to recover if you stuff up with your seed phrase.

    Part of this is that I am getting an increasing stream of queries from folk about "which hardware wallet should I get", as well as seeing that question asked around Reddit from time to time. I had a look and most of the comparisons, especially those on YouTube, are really superficial, sometimes straight-up wrong...

    Basically I am putting together a bit of a comparison list that will both form a bit of an objective framework for reviews (As to avoid the "oh yea it's shiny and feels nice to hold" kind of commentary) as well as a way to include some fairly detailed feature information, as well as brief commentary about what these features are. (a few sentences per features)

    I have put it here: https://cryptoguide.tips/hardware-wallet-comparisons/ which basically gives you the "summary" as the initial view, with the fuller spreadsheet here: https://docs.google.com/spreadsheets/d/134GQ4nvOpAFNKO5w0ZvbNGmfczj1PF18AI0BJwzVXx8/edit?usp=sharing

    Anyway I just knocked this first draft out thisarv and am wondering if folks had suggestions about "features" that I had missed in my first pass or anything else like that. The hope is that it would be accessible enough for folk who post on /r/bitcoinbeginners (in terms of offering explanations about the stuff, with videos to come later) but also useful enough for someone who has been in the space for a year or so. (in terms of specific, technical info)

    I am happy to add other wallets later, but am basically limiting it to product categories that I have either used directly or indirectly. (So not just consolidating info from a bunch of websites) So far this includes products that I have purchased from Ledger, Trezor, Keepkey, Coldcard and SafePal.

    submitted by /u/Crypto-Guide
    [link] [comments]

    Since the start of the year, Cryptocurrency ATM numbers have been exploding with over 2000 new ones added. There are now over 6330 cryptocurrency ATMs globally, spanning 72 different countries.

    Posted: 29 Dec 2019 03:41 AM PST

    This Week's Top Global Finance & Cryptocurrency News

    Posted: 29 Dec 2019 01:46 AM PST

    Fantom & V-ID join forces and start working on multiple Government projects early 2020.

    Posted: 28 Dec 2019 05:15 AM PST

    Looking at Crypto’s 2020 Outlook Through the Politico-Economic Lens

    Posted: 28 Dec 2019 09:28 AM PST

    Christopher's Crypto Chronicles (Dec 28th)

    Posted: 28 Dec 2019 02:34 PM PST

    Goodbye YouTube - Let's Unite Against Censorship

    Posted: 27 Dec 2019 04:07 PM PST

    Had a crazy increase in followers on my lbry channel, then I found an easter egg on one of the official sites.

    Posted: 28 Dec 2019 12:06 PM PST

    Bitcoin Zero-Day Attack

    Posted: 28 Dec 2019 09:27 AM PST

    What are the chances of a bitcoin Zero-day? I know blockchains aren't computer software per-se, but could there be a dormant attack out there undiscovered in the code?

    (A Zero-day is a computer-software vulnerability that is unknown to, or unaddressed by, those who should be interested in mitigating the vulnerability. Until the vulnerability is mitigated, hackers can exploit it to adversely affect computer programs, data, additional computers or a network.)

    submitted by /u/TastesLikePimento
    [link] [comments]
    Read more
    at

    No comments:

    Post a Comment