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    Cryptocurrency Daily Discussion - January 2, 2020 (GMT+0)

    January 02, 2020

    Cryptocurrency Daily Discussion - January 2, 2020 (GMT+0)

    Daily Discussion - January 2, 2020 (GMT+0)

    Posted: 01 Jan 2020 04:08 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 The prior exemption for karma and age requirements is no longer in effect.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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    Wen McAfree Dick Eating?

    Posted: 01 Jan 2020 10:24 PM PST

    I'm donating 10,000 MKR to establish a Web3/DeFi research program at Carnegie Mellon University to help us outpace the rent-seekers.

    Posted: 01 Jan 2020 01:12 PM PST

    02022020 Is a Palindrome day. Make it a great Crypto day folks! ( Bonus: it works everywhere ( month before or day before))

    Posted: 02 Jan 2020 01:25 AM PST

    Uncensorable markets that are not able to be taken down by geoblock or creators of the dapps through their sites. Use uniswap to buy tokens. Wrap eth. Mint nfts. All without leaving your wallet. Censorship resistance through the ENS.

    Posted: 01 Jan 2020 11:03 PM PST

    2020 is looking good

    Posted: 01 Jan 2020 09:21 AM PST

    Cryptoqueen: How this woman scammed the world, then vanished

    Posted: 02 Jan 2020 12:30 AM PST

    2019 Year in Review - Neo

    Posted: 02 Jan 2020 02:49 AM PST

    Hello /r/CryptoCurrency and a happy new year to you all. I imagine most in this subreddit aren't up to date on what's happening in the Neo ecosystem, so I wanted to share these summaries for 2019 by NNT with you all which should make it much easier to get up to speed.

    There are five articles total, information is well sourced so you should be able to find extra context or follow any rabbit holes that interest you.

    • Neo3 Development - Goals, development, and research undertaken as part of Neo core protocol development.
    • Events - Neo events hosted around the world in 2019. Includes summaries for major events such as the Neo DevCon in Seattle and the Community Assembly in Shanghai, and also provides a timeline of other workshops, meetups, and higher education opportunities.
    • Community Development - Major infrastructure contributions and overall direction of the various independent developer communities in the Neo ecosystem.
    • Online Activities - An introduction and timeline of initiatives by NGD to increase online engagement and outreach, such as the Neo Live AMAs with project leaders in the ecosystem.
    • Reflections from the Neo Community - Thoughts and perspectives on topics such as the blockchain industry and Neo3 development from representatives in the community.
    submitted by /u/EdgeDLT
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    2019 Year in Review - Nano

    Posted: 01 Jan 2020 07:46 AM PST

    TimeLock V3.2 - 10 million Satoshi hacking challenge / reward

    Posted: 01 Jan 2020 09:07 PM PST

    TimeLock V3.2 - 10 million Satoshi hacking challenge / reward

    I have created a TimeLock program for arbitrary digital content. Time validation is accomplished via Bitcoin blockchain header.

    The program is free to use for time-locking any file up to 10 KB.

    For this challenge I have created a lock box with a private key worth 10 million Satoshi: Reward

    All the information you need to get started is here: https://www.algomachines.com

    This is my tenth challenge.

    Start time on the lock box is 02/03/2020 00:00:00 UTC and end time is 03/03/2020 00:00:00 UTC. The LockBox may only be opened via TimeLock during this time interval.

    I give all the information that you need to create a comparable lockbox, i.e. time interval and password.

    So the only thing protecting the reward is the Bitcoin blockchain timestamp and the ability of TimeLock to withstand your attempts to hack it.

    I've been impressed by the brilliance of the hackers who have hacked previous versions of TimeLock. Please read the reports on the web-site if you want to see how they did it and how TimeLock works.

    https://preview.redd.it/asjavsm0ta841.png?width=1270&format=png&auto=webp&s=4de90faed83a8f14000744b49e3208d240eea57a

    submitted by /u/cryptocomicon
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    Burger King Venezuela now accepts as payment BTC, ETH, LTC, DASH, BNB and TETHER.

    Posted: 01 Jan 2020 11:25 AM PST

    My Plan for Crypto

    Posted: 01 Jan 2020 06:03 PM PST

    For Christmas I received a bit of money I can invest. The majority I added to my savings for retirement — traditional stocks and bonds. But I also had a chunk I can add to my crypto portfolio.

    Right now I have about 50% in large caps — BTC and ETH. About 30% in mid-cap and 20% in small-cap. But when this money becomes available (after the week-long hold time for Coinbase), I am thinking of changing things a bit.

    I am bullish on crypto. I see the recent decline in the market as an advantage for me because that means I can buy more coins/tokens for my money. But I think that BTC and ETH are the most likely to weather the test of time. So I am thinking about changing the way my investment is spread.

    I am toying with the numbers — but I'm tempted to go with 50% BTC, 30% ETH, and then 14% in medium and 6% in small.

    Although bullish on crypto, I feel that the potential reward isn't worth the high risk for these smaller coins/tokens. Maybe I am getting too old. :)

    submitted by /u/Threshold216
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    Sanctions check. You cannot withdraw, as your money is being held 24 hours.

    Posted: 02 Jan 2020 02:43 AM PST

    "Interesting, I'm a line at the bank (don't ask) and the people in front of me have been told that their money is being held for 24 hours because of a "sanctions check". I wonder how much of a thing this is these days?"

    submitted by /u/cointastical
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    Key Points About Two Proposed Crypto Laws by the U.S. Congress

    Posted: 02 Jan 2020 01:51 AM PST

    Bitcoin Halving Countdown | Binance Academy

    Posted: 01 Jan 2020 07:26 PM PST

    Alleged $8B BTC Tulip Trust Expires With Tales of Bonded Couriers

    Posted: 01 Jan 2020 11:26 AM PST

    Anyone using Exchange Connections in Blockfolio?

    Posted: 01 Jan 2020 09:29 PM PST

    I have some regular Coinbase buys that I perform that I was considering making regular automated purchases. To do that I would want to make sure they are recorded in my Blockfolio portfolio to track however.

    Is anyone successfully using Exchange Connection to sync buys/sells and have it working well? I read a few issues with movement to wallets being treated as a sell for example and am just a little paranoid of giving all control to Blockfolio and it possibly messing up my portfolio. Anyone suggestions on how to get it working well?

    submitted by /u/Farquea
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    These havent aged well....

    Posted: 01 Jan 2020 09:59 AM PST

    Worst Coins from 2019 that Look Promising in 2020

    Posted: 01 Jan 2020 10:01 PM PST

    Decentralize everything!

    Posted: 01 Jan 2020 07:12 PM PST

    It is not just a meme. It is a place to start. 2020 holds fantastic opportunity for the tech that is behind block chain to begin its launch into the mainstream of business and life. I have been in the an industry for more than 15 years. In the last year we have begun speaking specifically about smart contracts and also decentralized storage. At the moment a decentralized storage is more the order of business. Companies want a safe and secure way to safe data in a way that will ensure that even if their systems were destroyed, their data would still be preserved.

    It has been best described like this; Company A wishes to back up its data. Servers can be corrupted, and even changed by outside sources (hackers). They can also be unintentionally compromised through users who happen to click on the wrong link which could allow a back door into the system. Such things are limited in the block chain. You control the keys, you control the data.

    Currently a number of teams are working toward decentralization. One of those is Ether-1 with its node solution known as EthoFS. The application is simple. It has a very nice user interface allowing people to be able to upload documents into the block chain and as a result storing their data in a decentralized manner. Safely stored, the business could focus on growing their business instead of ensuring back ups are safe even if the absolutely worst damage to their network ever took place.

    Reports are boring but necessary for the running of a business. Having what is needed is essential to running a business. It is also important to note that the immutable nature of the block chain is also a vital aspect for a business. Imagine you were in the legal field and needed to have accessible back ups of documents for legal purposes. Once again, the block chain can perform this function for you. The original signed documents could be stored in an office and potentially lost, but the copy uploaded into the block chain would allow be accessible despite what ever may happen to the original.

    What else could be decentralized? Everything! It is not a meme because the technology is so new we have only touched the tip of the iceberg. I know for a fact the Ether-1 network can host data through its block chain and could be used to host data and by pass the gate keepers of the internet today. If you have ever known of a channel removed from YouTube or some other such cite, they could easily host their content from the block chain and operate fully in a decentralized platform.

    The best thing is, this now exists. One of the things that has been most frightening in the modern age is the control of data and more importantly the silencing of voices. This is an aspect that goes beyond the use case of a business. This begins to come into our homes. To be unpersoned on the internet is often times something that can completely destroy a person and their income if they used their persona as a way of making income. We are going into a hugely political year. I first got into block chain as a result of the political season leading up to 2016. I realized then that decentralization was vital for a free future. Ether-1 is helping to create that. Take the time, look them up. Their YouTube has a demonstration of how easy the EthoFS is to use. You will not be disappointed. The future is ready. Are we?

    submitted by /u/jcash5ever
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    Binance IEO Perlin is working with DBS Bank, Trafigura, Singapore's Infocomm Media Development Authority (IMDA) and the International Chamber of Commerce (ICC) to develop an open-sourced blockchain trade platform called ICC TradeFlow built on IMDA’s TradeTrust network infrastructure

    Posted: 01 Jan 2020 05:07 PM PST
    Read more
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