• Breaking News

    Wednesday, December 18, 2019

    Home Unlabelled Cryptocurrency Monthly Skeptics Discussion - December 2019

    Cryptocurrency Monthly Skeptics Discussion - December 2019

    December 18, 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.

    • Click the RES subscribe button below if you would like to be notified when comments are posted.

    To see prior Daily Discussions, click here.

    -

    Thank you in advance for your participation.

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

    Daily Discussion - December 18, 2019 (GMT+0)

    Posted: 17 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
    [link] [comments]

    How’s bitcoin doing today?

    Posted: 17 Dec 2019 04:23 PM PST

    Bitcoin loses $7,000 support as short-sellers target yearly lows

    Posted: 17 Dec 2019 05:25 AM PST

    HitBTC an Insolvent Scam Operation, Claims Cybercrime Investigator

    Posted: 17 Dec 2019 08:20 PM PST

    Christine Lagarde Signals European Central Bank's Interest in 'Stablecoin' Blockchain Currency

    Posted: 17 Dec 2019 11:33 AM PST

    Someone gave 1000$ in crypto via twitter to Bill Pulte

    Posted: 18 Dec 2019 12:27 AM PST

    We just entered "Basically a fire sale" territory in the Bitcoin Rainbow Chart

    Posted: 17 Dec 2019 10:59 PM PST

    The ability to lend tokens to an exchange and generate interest from its trading fees is fundamentally changing the way DEXs operate

    Posted: 17 Dec 2019 11:59 PM PST

    Behold, the Red Sea ��

    Posted: 17 Dec 2019 12:40 PM PST

    Really interesting take on whether Oracles like Chainlink can help prevent "fake news" in the future

    Posted: 17 Dec 2019 11:58 AM PST

    Four Big Acquisitions by $4 Billion Crypto Giant Shows Market Isn’t That Bad Afterall

    Posted: 18 Dec 2019 02:37 AM PST

    Ethereum Christmas tree at my uni (electrical engineering)

    Posted: 17 Dec 2019 06:43 AM PST

    Exposing how the HEX origin address gets paid a massive bonus. TWICE!

    Posted: 17 Dec 2019 10:49 AM PST

    I tried to have an open mind in regards to HEX, but something is not sitting right with me and I feel I have to speak out about it. My investigation started when someone in Richard Heart (RH)'s own Hexbad telegram channel posted etherscan.io hashes showing daily payouts to the Origin Address(OA) in the excess of 520 million hex. The closeness of that number to the daily amount being paid out in the Adoption Amplifier(AA) caused people to suspect that a copy of the AA funds were also being sent to the OA. This is something that is not supposed to be happening according to RH's explanation of the code design. Upon further investigation it turned out that these 520+ million HEX payments to the OA were not coming from the AA, but rather it's a daily payout from the "We are all Satoshi" (WaaS) bonus directly to the OA. This bonus is essentially all of the unclaimed HEX that is to be paid out proportionally to all stake holders after the initial BTC free claim and AA phase is over with. Since a copy of all bonuses and penalties in HEX get paid to the OA, this bonus is also being paid proportionally on a daily basis to the OA which amounts to about 520 million HEX per day. So if you take a step back and are following along at home, approx 520 million HEX is being minted each day to real people donating their ETH to the project, and another 520 million HEX is getting sent straight to the OA on top of a copy of all of the other bonuses that are also going straight to the OA address. As we all know, this is in addition to the flush address getting all the donated ETH free and clear.

    Now if that doesn't seem unbalanced enough... it gets worse. I wondered what happens when the OA stakes this free daily HEX. Does that give it a bigger share of The BigPayDay bonuses including the WaaS bonus of which a copy was already paid to the OA? When I asked RH directly about this in telegram his response was that the OA only gets paid the bonus once and does not get any interest from staking... HOWEVER... As RH admitted on a livestream yesterday what has the OA been doing with it's HEX tokens? In RH's own words "It's moved it to 10 or 12 different addresses, and those addresses have staked for mostly 10 years." What this effectively means is that those same HEX tokens in the OA that were created as a copy of the WaaS bonus out of thin air, are now being staked for 10 years in other addresses, and YES these address will get another significant chunk of the WaaS bonus + interest that is meant to benefit all of the other HEX stakers. When I came back to Richard and asked him about this a second time he admitted that this is true, and I have all of the chat screenshots to prove it. When I asked him if he thought this design was problematic he chose to ignore me and respond to another troll in the chat rather than respond to my valid criticism of his project.

    My final response to him was this:

    "Why are you responding to the troll and not my honest criticism. At this point I'm beginning to shift and see that the point of HEX is to enrich you and a select group of your friends. Wealth is being sucked from the masses into your pockets, and you are ok with this. Its looking less altruistic and more greedy day by day as I learn more of the inner workings of HEX"

    *crickets*

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

    Kraken Exchange Sued by Ex-Employee Alleging Missing Customer Funds, Fraud, Etc.

    Posted: 17 Dec 2019 07:01 PM PST

    Smart Cities: Improving Mobility in Berlin Through Decentralisation - dGen

    Posted: 18 Dec 2019 03:51 AM PST

    Fluffypony steps down as Lead Maintainer in Monero

    Posted: 17 Dec 2019 07:15 PM PST

    Fidelity scales up its digital asset business to Europe

    Posted: 17 Dec 2019 04:13 PM PST

    Tata Consultancy Services Rolls Out Blockchain DevKit to Help Businesses

    Posted: 17 Dec 2019 10:58 PM PST

    VeChain Theft Incident Report by @HackenAI

    Posted: 17 Dec 2019 08:45 AM PST

    PlusToken Scammers Didn't Just Steal $2+ Billion Worth of Cryptocurrency. They're Driving Down the Price of Bitcoin.

    Posted: 17 Dec 2019 10:04 AM PST

    Can the Winklevoss Twins Work with Mark Zuckerberg Again?

    Posted: 18 Dec 2019 03:44 AM PST

    Should I buy Ethereum? 7 Reasons to buy Ethereum and why it's a good investment

    Posted: 18 Dec 2019 02:40 AM PST

    Who am I? You're all stupid, and I'm not, so let me teach you how my coin works, because you are all too stupid to understand!

    Posted: 18 Dec 2019 02:25 AM PST

    It's not a scam, it's not a bubble, it's not a Ponzi scheme, and it's not a pyramid scheme, it's the best thing ever, and you can "possibly" make a 26,000 X return if you give me Ethereum in exchange for it.

    What cracks me up is, if it is so valuable, why would "he who shall not be named" want Ethereum in exchange for his shit coin? Why not just keep it all in "place shitcoin here"?

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

    Beware of Hedera. Institutional are dumping at less than 1 cents

    Posted: 17 Dec 2019 05:07 PM PST
    Read more
    at

    No comments:

    Post a Comment