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    Cryptocurrency Daily Discussion - February 28, 2020 (GMT+0)

    February 28, 2020

    Cryptocurrency Daily Discussion - February 28, 2020 (GMT+0)

    Daily Discussion - February 28, 2020 (GMT+0)

    Posted: 27 Feb 2020 04:11 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 The prior exemption for karma and age requirements is no longer in effect.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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    I remember hearing about this but now it’s on tv. I feel bad for him but you have to protect your crypto and put it on a hardware wallet. Please don’t be him. This can happen to anyone but dang bro 70k that’s way too much to have on an exchange

    Posted: 27 Feb 2020 05:03 PM PST

    Action film star Steven Seagal settles cryptocurrency case, agrees to pay $330K

    Posted: 27 Feb 2020 09:28 AM PST

    Someone made a website that ranks all the public blockchains based on usage, and flags blockchains that spam empty transactions.

    Posted: 27 Feb 2020 02:52 PM PST

    The Future of Decentralized Platforms: Why I Built the First Private Censorship-Resistant Marketplace

    Posted: 28 Feb 2020 12:39 AM PST

    From Single Key to Sophisticated Computation: The Evolution of Crypto Exchange Custody - how do exchanges secure your funds?

    Posted: 28 Feb 2020 02:35 AM PST

    What is it going to take for the average Joe To Start Using Crypto?

    Posted: 27 Feb 2020 07:50 AM PST

    Crypto feels like a no brainer for me and I imagine for others in this subreddit, but the truth is, it's far too inconvenient for the average joe. What factors do you think are keeping us from mass adoption? Personally I believe better education is needed, so people gain some familiarity and lose their fear of all things crypto, plus services that allow people to use and store cryptos in a way that is similar to the mainstream banking systems they are already used to. This and general acceptance from more vendors.

    submitted by /u/knitfroggy
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    SEC Commissioner Hester Peirce Acknowledges That the SEC Will Never Approve a Bitcoin ETF

    Posted: 27 Feb 2020 12:37 PM PST

    Virgin Galactic CEO: Bitcoin Can Help Evade Financial Crisis

    Posted: 27 Feb 2020 06:37 AM PST

    Largest Stock Market Fall In History - How Will Cryptocurrency Be Affected?

    Posted: 28 Feb 2020 04:18 AM PST

    A new Lightning network's DoS attack exploits the routing mechanism to hijack the majority of the transactions by creating just 5 channels

    Posted: 28 Feb 2020 03:35 AM PST

    Loopring Launches zkRollup Exchange: Loopring.io

    Posted: 27 Feb 2020 07:57 AM PST

    For past month I have been building website to explain blockchain and cryptocurrencies in my native language [Need general and UI reviews]

    Posted: 28 Feb 2020 02:30 AM PST

    Hey guys, so as I mentioned in title for past month I been creating content and website KriptoLatvija.com to explain cryptocurrencies and blockchain in my native language (Latvian) as this kind of content isn't available.

    Site mostly uses (with Binance blessings) Binance.vision content, translated and reworked to latvian.

    For now it is not indexed to search engines and I hadn't published it anywhere.
    I would love to ask general opinion on sites UI and look and maybe some ideas or critics about it.

    submitted by /u/maxpred
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    Stock market is a flaming dumpster before our eyes, and crypto keeps trending down along with it.

    Posted: 27 Feb 2020 02:51 PM PST

    What the hell? It's always been said BTC is a safe heaven for value when the traditional stores aren't functioning. It's not 1:1, but bad news for stocks is usually good for bitcoin and I know a lot of people, myself included were waiting for the next big correction/recession to hit and help drive up prices.

    I don't know if we're there yet, but the market is getting trashed this week. How does that affect crypto going forward? Are the two assets more connected than some give them credit to be? Or is this what will finally get the big players to jump in and help go more mainstream? What are we looking at here? And is this an opportunity or time to be fearful? Corona virus aside.

    submitted by /u/SchismSEO
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    $3 million DeFi loans liquidated

    Posted: 28 Feb 2020 03:51 AM PST

    It's raining blood.

    This headline: "ETH Locked in DeFi Crosses 3 Million, Accurately Predicting Ethereum's Latest Rally" (source: https://ethereumprice.org/newsletter/eth-locked-in-defi-crosses-3-million-accurately-predicting-ethereums-latest-rally/)

    And then this headline: "As Ethereum crashed 15%, stagerring $3 million DeFi loans got liquidated" (source: https://cryptoslate.com/as-ethereum-crashed-15-stagerring-3-million-defi-loans-got-liquidated/)

    59% of liquidations happened on dydX Protocol and 40% are from Compound Finance.

    Ankit Chiplunkar on Twitter: "One liquidation event earned a profit of $40k DAI in a single transaction. It also destroyed 49 contracts (via gasToken) consuming less gas and pay a fee of only $8.

    Another liquidation event paid $580 in fees (2.5ETH) to earn a profit of $2.5k DAI in a single transaction. A total of 125 transactions have paid more than 1 Eth via fees to miners, almost all related to liquidation events."

    submitted by /u/Cryptolexicon
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    Russia Richest man jump in Crypto

    Posted: 28 Feb 2020 03:38 AM PST

    HASHWallet Deploys a New Smart Card That Enables Users to Perform Transaction Securely, Anytime, Anywhere

    Posted: 28 Feb 2020 03:38 AM PST

    REVOLUTION : First Programmable Digital Art on the Blockchain, possibilities are endless. Async.art

    Posted: 27 Feb 2020 05:04 AM PST

    People don't buy what you do, they buy why you do it. We need to start talking about bitcoin and cryptocurrencies in public forums and platforms.

    Posted: 28 Feb 2020 03:11 AM PST

    I don't know how many people are going to see this thread, but if we want to get the word out about cryptocurrency and how it may change the world, act as a back up or "plan B", then we need to find ways to gather large groups of people in our different countries and regions and explain the power of cryptocurrency.

    People don't buy what you do, they buy why you do it: https://www.youtube.com/watch?v=qp0HIF3SfI4

    Remember that, and don't forget to mention Satoshi Nakamoto.

    EDIT: What I mean to say is, if you want people to fully understand what cryptocurrency is / does and enables them to do, then the responsibility falls on you to introduce them to it. For context, I introduced a guy in my company's smoking area to an altcoin and then said to him, "Using bitcoin is more or less the same as this." And it was like a lightbulb went off above his head. I could see it on his face. I told him, "besides stablecoins, bitcoin is the least volatile of the cryptocurrencies. If bitcoin falls 5% sometimes other cryptocurrencies fall 10%."

    submitted by /u/sgtslaughterTV
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    STPT, the utility token of STP Network, can now be used in Korea’s #1 crypto community platform.

    Posted: 28 Feb 2020 02:04 AM PST

    Hey everyone looking for a little beginners advice..

    Posted: 27 Feb 2020 10:06 PM PST

    Am thinking of buying some ethereum Classic... what are some of you experienced folks opinions? I've never really invested in any but I've got a weird feeling out of the blue that I should buy some of this coin..should I?

    submitted by /u/Tonyslyingbold
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    U.S. House of Representatives will hold a hearing focusing on blockchain’s impact on small businesses. The committee will be focusing on “using blockchain technology to help small businesses boost productivity, open new markets.

    Posted: 28 Feb 2020 01:19 AM PST

    Meme-Driven Audience Profile Development: Golem & the Web3 Stack

    Posted: 27 Feb 2020 01:57 PM PST
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