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    Cryptocurrency Daily Discussion - February 15, 2020 (GMT+0)

    February 15, 2020

    Cryptocurrency Daily Discussion - February 15, 2020 (GMT+0)

    Daily Discussion - February 15, 2020 (GMT+0)

    Posted: 14 Feb 2020 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 The prior exemption for karma and age requirements is no longer in effect.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
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    What’s the outlook for cryptocurrency in 2020? Have your say!

    Posted: 14 Feb 2020 06:31 AM PST

    XKCD - Do you need a blockchain?

    Posted: 14 Feb 2020 09:59 AM PST

    Man has $200,000 seized by the government at the airport

    Posted: 14 Feb 2020 05:32 PM PST

    It is Altcoin Season! Altcoin Season Index

    Posted: 14 Feb 2020 11:16 PM PST

    An honest confession

    Posted: 14 Feb 2020 05:20 PM PST

    16th Amendment and the Grace Commission

    Posted: 15 Feb 2020 12:40 AM PST

    We have previously encountered Senator Nelson Aldrich in the context of the formation of the Federal Reserve in 1913:

    Well, it turns out he played a pivotal role in another significant piece of legislation.

    The 16th Amendment...

    The 16th Amendment states that:

    "The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration."

    Now an income tax amendment to the Constitution was first proposed by Senator Norris Brown of Nebraska.

    He submitted two proposals, Senate Resolutions Nos. 25 and 39.

    However, the amendment proposal finally accepted was Senate Joint Resolution No. 40, introduced by Senator Nelson W. Aldrich of Rhode Island, the Senate majority leader and Finance Committee Chairman.

    Clearly, as we have seen in the Federal Reserve story, Aldrich was a man of significance with some pretty powerful friends. The 16th Amendment became part of the Constitution on February 25, 1913. This is the same year in which the Federal Reserve Act was passed, on December 23rd 1913.

    The Sixteenth Amendment exempted income taxes from the constitutional requirements regarding direct taxes, after income taxes on rents, dividends, and interests were considered direct taxes and ruled to be illegal.

    Some would say that Federal income tax on labour has been unlawfully imposed on the American people and kept in place for over a century, contrary to various rulings by the U.S. Supreme Court.

    But why? And where does the money go?

    Well, it exists such that successive federal governments can continue to pay the interest on money which, since 1913, they have been obligated to keep borrowing from central bankers, and which the government previously could print independently.

    Now of course: the Federal Reserve is the Independent Agency that controls the money supply. Don't just take my word for it, this is confirmed by former Chair of the Federal Reserve Alan Greenspan.

    In 1984, US President Ronald Reagan requested an investigation, authorized in Executive Order 12369 on June 30, 1982.

    President Reagan used the now famous phrase, "Drain the swamp".

    The focus was waste and inefficiency in the US Federal government, and became known as The Grace Commission.

    Its head, businessman J. Peter Grace, asked the members of that commission to "Be bold and work like tireless bloodhounds, don't leave any stone unturned in your search to root out inefficiency."

    Members of his team included one hundred and sixty-one top executives, assisted by 2,000 volunteers from the private sector.

    They contributed more than $75 million worth of their time and resources to examine all major federal programs and agencies.

    In January 1984, the Grace Commission's work culminated in a report.

    The conclusion of that report?

    "One third of all income taxes is consumed by waste and inefficiency; one third is not collected due to the underground economy; and 100% of all income taxes are absorbed by interest plus government contributions to transfer payments."

    In other words, all individual income tax revenues are gone before one nickel is spent on the services that taxpayers expect from their government...

    https://www.youtube.com/watch?v=6H8mBm4_SLw

    submitted by /u/financeoptimum
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    Steemit Sets Up Shop on Tron Network

    Posted: 14 Feb 2020 08:24 AM PST

    Altcoins are racing past Bitcoin ahead of its halvening

    Posted: 14 Feb 2020 08:50 AM PST

    So Much Truth in 2 Minutes. The Banking System is a Scam. Why Bitcoin Exists. (Parliament Debate)

    Posted: 14 Feb 2020 08:41 AM PST

    IOHK Opens Cardano Research Lab at University of Wyoming Following $500K Donation - CoinDesk

    Posted: 14 Feb 2020 01:14 PM PST

    The dark side of Crypto: Ohio Resident Charged with Operating Darknet-Based Bitcoin “Mixer,” which Laundered Over $300 Million

    Posted: 14 Feb 2020 12:31 PM PST

    Ohio resident charged operating darknet based bitcoin mixer which laundered over 300 million

    The indictment alleges that Helix moved over 350,000 bitcoin – valued at over $300 million at the time of the transactions.

    submitted by /u/fsidemaffia
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    Steemit Inc (corporate face of Steem token - blockchain social media) sold to Justin Sun of Tron - Twitter Mayhem ensues! ��

    Posted: 14 Feb 2020 04:40 PM PST

    Port 2459 is now the official IANA XRPL port!

    Posted: 14 Feb 2020 08:58 AM PST

    As far as use case, which crypto is actually the most useful?

    Posted: 14 Feb 2020 02:54 PM PST

    I've heard that Bitcoin isn't the best use case when it comes to actual crypto use but i always seem to hear that Ethereum and XRP are probably the best use cases

    Not really sure why people say that though

    any input?

    submitted by /u/rawrtherapy
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    Bahamas Sand Dollar to Launch Nationwide During the Second Half of 2020

    Posted: 14 Feb 2020 12:32 PM PST

    Someone is bidding around $3000 for .coin domain

    Posted: 15 Feb 2020 12:57 AM PST

    Distributed domain registry is one of the more interesting and actually useful blockchain applications in my opinion (Note: I am not invested, I would definitely buy .coin, or .crypto if I had the cash, but I don't).

    This whole thing relies on firefox, chrome etc actually including this in their DNS, which I would say is maybe a 1-5% possibility, but I hope they do, having the entire internet owned by a few for profit companies with murky corporate structures is not good for the internet IMHO.

    https://www.namebase.io/domains/coin

    submitted by /u/Rules_Not_Rulers
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    Bitcoin has outperformed every major asset class in 8 of the last 10 years, almost 1000x better returns than the next closest asset class

    Posted: 14 Feb 2020 06:06 PM PST

    Should I invest now or wait and hope for a dip?

    Posted: 14 Feb 2020 09:36 AM PST

    Im really new to crypto but after reading a bit about it, I definitely do see a future when it comes to cryptos. Since everything is rising right now, would it be smarter to hope for a drop or do you think that this'll be a longer ongoing rise?

    submitted by /u/Skrumpeyy
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    Scalable & Low Cost Computation of Ethereum Smart Contracts Using Arbitrum, on Chainlink

    Posted: 14 Feb 2020 08:07 PM PST

    Why We're in the Biggest Financial Bubble in History (w/ Steve Bregman & Mike Green)

    Posted: 14 Feb 2020 06:15 AM PST

    Need some advice, regarding what I should buy.

    Posted: 14 Feb 2020 12:19 PM PST

    I'm stacked with BTC ETH and LINK in that order. I sold some shares and got some cash to inject into the market through Coinbase. China's economy is fucked on so many levels because of Corona and might take quite some time to recover. Sales will slow across the globe; but China especially. I expect some of that Chinese new Year money along with fear in general to continue this pump; as well as help out the PM market. I haven't followed Crypto for almost 6 months. and now see Tezo's doing really well. I notice its doing well because of staking with bakers. This is making me think that once ETH can be staked this will get crazy. Do you think I should exceed 32 ETH in anticipation; or jump on the tezo's bandwagon or just stick to BTC ETH LINK. My go to crypto source doesn't say much about tezos (biz bros).

    Are there projects being built on tezos? All the corporate money is already floating around ETH. TEZO's has more room to grow but I get a feeling it'll take a hard hit once ETH 2.0 gets closer. Can anyone spit some serious knowledge about why Tezos is shit or not? Thanks bros

    submitted by /u/ba5icsp00k
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    IOTA Foundation Pauses Network After $1.6 Million Iota Were Reportedly Stolen

    Posted: 14 Feb 2020 08:06 AM PST
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