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    Cryptocurrency Monthly Skeptics Discussion - December 2019

    December 01, 2019

    Cryptocurrency Monthly Skeptics Discussion - December 2019

    Monthly Skeptics Discussion - December 2019

    Posted: 30 Nov 2019 04:13 PM PST

    Welcome to the Monthly Skeptics Discussion thread. The goal of this thread is to promote critical discussion by challenging popular or conventional beliefs.

    This thread is scheduled to be reposted on the 1st of every month. Due to the 2 post sticky limit, this thread will not be permanently stickied like the Daily Discussion thread. It will often be taken down to make room for important announcements or news.

    Rules:

    • All sub rules apply here.
    • Discussion topics must be on topic, i.e. only related to skeptical or critical discussion about cryptocurrency. Markets or financial advice discussion, will most likely be removed and is better suited for the daily thread.
    • Promotional top-level comments will be removed. For example, giving the current composition of your portfolio or stating you sold X coin for Y coin(shilling), will promptly be removed.
    • Karma and age requirements are in full effect and may be increased if necessary.

    Guidelines:

    • Share any uncertainties, shortcomings, concerns, etc you have about crypto related projects.
    • Refer topics such as price, gossip, events, etc to the Daily Discussion.
    • Please report top-level promotional comments and/or shilling.

    Resources and Tools:

    • Read through the CryptoWikis Library for material to discuss and consider contributing to it if you're interested. r/CryptoWikis is the home subreddit for the CryptoWikis project. Its goal is to give an equal voice to supporting and opposing opinions on all crypto related projects. You can also try reading through the Critical Discussion search listing.
    • Consider changing your comment sorting around to find more critical discussion. Sorting by controversial might be a good choice.

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    To see prior Daily Discussions, click here.

    -

    Thank you in advance for your participation.

    submitted by /u/AutoModerator
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    Daily Discussion - December 1, 2019 (GMT+0)

    Posted: 30 Nov 2019 04:13 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.

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    Microsoft to turn 1980s gamebook series into blockchain card game

    Posted: 01 Dec 2019 02:52 AM PST

    Bancor aims to Increase DeFi users by 500%

    Posted: 30 Nov 2019 11:17 PM PST

    Monero's Random-X has just gone live

    Posted: 30 Nov 2019 11:00 AM PST

    Microsoft to Turn 1980s Gamebook Series Into Blockchain Card Game

    Posted: 01 Dec 2019 03:26 AM PST

    Just a reminder of why cryptocurrencies were invented in the first place. It's about freedom, not to 'get rich'. Everyone used to be on the same page, but it doesn't seem like it these days

    Posted: 30 Nov 2019 05:58 AM PST

    I found an old wallet and recovery.txt file, but I'm clueless what to do.

    Posted: 30 Nov 2019 09:38 PM PST

    The files are from 2013 and I don't have a clue if there is even a balance. I don't even remember what currency it was for or what the wallet belongs to.

    I ran PyWallet but it didn't really clarify anything for me - I think it may be LiteCoin but I'm still stuck - what now? How do I actually get into the wallet or better yet how do I figure out what wallet the recovery code is even for?

    Any help would be much appreciated.

    Thanks

    submitted by /u/Antamize
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    Another One Bites The Dust: After the Recent Upbit Hack, Total Lost Funds From Exchange Hacks Now Up To $1.8 billion.

    Posted: 30 Nov 2019 08:49 PM PST

    ASIC Resistance Timeline

    Posted: 30 Nov 2019 10:41 AM PST

    Today, in about 30 minutes or less from now, RandomX will be activated on Monero as part of its network protocol upgrade, so this seems like a good moment to share this timeline. It's like the raw material for writing the history of ASIC resistant proof-of-work algorithms. If you think it's incomplete, let me know what you'd like to add. I didn't include Monero ASICs or FPGAs that weren't publicly released, since it would be difficult to pin down a date.

    Original version written in Dutch for Monero Meetup Utrecht #2 on March 14, 2019 (next meetup is on Tuesday, December 3).

    2010-10: Start of Bitcoin mining on GPUs
    2011-06: First Bitcoin FPGAs (field-programmable gate arrays)
    2011-09-26: Launch of Tenebrix (with a premine) using Scrypt algo to avoid GPUs
    2011-10-13: Fair launch of Litecoin, also using Scrypt
    2013-01-19: Avalon releases the first Bitcoin ASIC (application-specific integrated circuit)
    2014-03: Bytecoin, using CryptoNight version 1
    2014-04: Litecoin ASICs
    2014-12: Vertcoin, using Lyra2RE (multi-algo, curently 5)
    2014-01: X11, a chain of 11 algos, for Xcoin => Darkcoin => Dash
    2014-09: Digibyte (multi-algo with separate difficulty adjustment)
    2015-07-30: Ethash for Ethereum (memory-hard, i.e. using lots of RAM)
    2018-04-06: CryptoNight version 2 by Monero (flipped a bit)
    2018-05: Bitmain releases the Antminer X3 for CryptoNight, which doesn't mine Monero
    2018-07: Bitmain releases Antminer E3, the first Ethash ASIC
    2018-10-01: Siacoin developers use a protocol change to disable ASICs other than their own Obelisk SC1 miner
    2018-10-18: CryptoNight version 3 by Monero (changed a bit more than one bit)
    2018-10/12: 51% attack on Vertcoin (double spends with rented GPUs)
    2019-01-15: Launch of Grin using two algorithms, one ASIC friendly and one ASIC resistant
    2019-03-09: Monero's CryptoNight version 4 or CryptoNightR, a self-programming algorithm, generating hashing instructions pseudo-randomly
    2019-11-30: RandomX, a randomized and memory-hard algorithm, designed from scratch to use all elements of a general-purpose CPU
    2020-??: Ethereum will probably switch to ProgPOW (programmatic proof of work) before switching to proof of stake

    submitted by /u/edbwtf
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    This Week's Top Global Finance & Cryptocurrency News

    Posted: 30 Nov 2019 11:10 PM PST

    How to mine Monero XMR with RandomX after Fork RX/0 Algo Switch

    Posted: 30 Nov 2019 11:58 AM PST

    My Guide to Cryptocurrency Exchanges

    Posted: 01 Dec 2019 12:06 AM PST

    How to get started? Really confused

    Posted: 30 Nov 2019 09:00 PM PST

    So i read r/bitcoin's "getting started" link and got the samouri wallet app and made a coinbase account but when i tried to make a purchase it failed? Also alot of people claim that the exchange is a scam? Why did my purchase fail and what should i do next? Any help would be really appreciated

    submitted by /u/JayzerJ
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    Statement from the Ethereum Foundation on Virgil Griffith situation

    Posted: 30 Nov 2019 08:45 AM PST

    Sex will sell drive the crypto adoption for us

    Posted: 30 Nov 2019 10:07 PM PST

    BTC vs BCH (Roger Ver Being Such a Douche May Be Blinding Me)

    Posted: 30 Nov 2019 03:03 PM PST

    Currently I am a bit of a BTC maximalist thinking that it is likely the play for more institutional investors, but BCH just seems to be better for use/scale with very adequate security. I really dislike Roger Ver though and considering he is the main voice evangelizing BCH I find it hard to convince myself to buy.

    Am I being blinded by my ire towards one individual from missing a solid investment or is BCH just as scummy as the man who supports it.

    submitted by /u/kotdbt
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    Virgil Griffith ARRESTED - FORBES

    Posted: 30 Nov 2019 11:21 PM PST

    U.S. Authorities Arrest Virgil Griffith For Teaching Cryptocurrency And Blockchain

    I write about blockchain regulation and policy.

    According to a press release from the Department of Justice on November 29, 2019, Virgil Griffith, resident of Singapore and U.S. citizen, was arrested for a criminal complaint where he was charged with violating, "…the International Emergency Economic Powers Act ("IEEPA") by traveling to the Democratic People's Republic of Korea ("DPRK" or "North Korea") in order deliver a presentation and technical advice on using cryptocurrency and blockchain technology to evade sanctions.

    /-/-/-/*****

    I appreciate spreading the word but this is kind of ludicrous. Why on Earth would you want to give that nuke country more power so they can build more nukes? They already have enough middles to obliterate every country around them including China, and Russia. Sure they are not likely to succeed in that but it's likely we will have to spend more money preventing it.

    Bastard .

    submitted by /u/JuicySpark
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    You heard 'German banks allowed to sell and store crypto'. But how it may benefit Bitcoin? Is there any hidden agenda?

    Posted: 30 Nov 2019 08:06 PM PST

    Are Bankers Totally Clueless on Crypto?

    Posted: 30 Nov 2019 10:48 AM PST

    USA is in good company it seems

    Posted: 30 Nov 2019 06:33 AM PST

    So I tried to access SideShift to swap Lightning BTC for BTC and this is the error message I got:

    You are accessing SideShift AI from a blocked country: North Korea (DPRK) United States Iran, Islamic Republic of Belarus Burundi Central African Republic Cuba Congo Iraq Libya Nicaragua Somalia Syrian Arab Republic Yemen Zimbabwe Lebanon South Sudan Sudan Residents of these countries may not use SideShift AI.

    Go USA you almost beat North Korea! Clearly you are in good company. A true paragon of leadership. :(

    submitted by /u/cedricthe
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    How to launch your own unstoppable market for any token. Instant. No dapp. Right from your wallet.

    Posted: 30 Nov 2019 11:23 PM PST

    Google authenticator and dead phone

    Posted: 30 Nov 2019 04:21 AM PST

    I use Google authenticator for all of my 2fa purposes. My phone recently died and cannot be turned on. This is quite the issue as I cannot login to coinbase, etc.

    Has anyone had this issue before? It can't be that uncommon considering people lose their phones all the time.

    How can I get all of my old Google authenticator tokens on my new phone and authenticator app?

    submitted by /u/DrawnIntoDreams
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