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    Cryptocurrency Daily Discussion - February 5, 2020 (GMT+0)

    February 05, 2020

    Cryptocurrency Daily Discussion - February 5, 2020 (GMT+0)

    Daily Discussion - February 5, 2020 (GMT+0)

    Posted: 04 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 The prior exemption for karma and age requirements is no longer in effect.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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    IOTA nodes can soon be operated as browser plugin

    Posted: 05 Feb 2020 02:20 AM PST

    Saw this at my local convenience store today.

    Posted: 04 Feb 2020 10:55 AM PST

    U.S. government to auction off more than 4,000 BTC on Feb. 18 - The Block

    Posted: 04 Feb 2020 10:17 PM PST

    International Money Express, Inc. Announces Partnership with Ripple

    Posted: 05 Feb 2020 12:56 AM PST

    Mexican Migrants Sent Home Record $36 Billion in Remittances in 2019

    Posted: 04 Feb 2020 01:20 PM PST

    Inside China's mission to create an all-powerful cryptocurrency. Bitcoin miners face severe regulation in China. Instead, the country is creating its own digital currency – and it could be adopted at a fast rate.

    Posted: 04 Feb 2020 04:17 AM PST

    Legendary Game Designer Reiner Knizia (LEGO, Disney, Star Trek, Star Wars, GoT, LotR) signs exclusive deal with 8Hours, digitizing board games and game pieces into NFTs

    Posted: 04 Feb 2020 07:53 AM PST

    Tesla’s Epic Rally Echoes Past Oil, Bitcoin Bubbles - How "High" can it go?

    Posted: 05 Feb 2020 12:59 AM PST

    Receiving Login attempt emails from freewallet even tho I never made an account.

    Posted: 04 Feb 2020 11:38 PM PST

    For the past 2 months i have been receiving some login attempt emails from a website called freewallet, at some point because I was sick of the emails I decided to delete my account, but low and behold there is no option for deleting my account so I just changed my password using the chrome random password future.

    You may ask how could I have my account compromised on this website, and from what I had in my mind it was probably because I used the same password on another wallet/exchanger(when I don't plan to use a website more than 1-2 times I use a really simple password which was the case for both of these sites or that's what I though first). But today I received again an email from them, stating that someone tried to login to my account. I know for sure that I have no viruses on my PC and there is no way for someone to know this password. So I check my email and I find out that the only mails they have send to me are login attempts, no register email, no verify your account, only failed login attempts, I never delete emails so there is no way I deleted them.

    In conclusion, I ended up with an account in a website I never registered and my account is getting compromised all the time even tho I changed the password. Also their whole sub is calling them a scam so be careful if you stumble upon them.

    submitted by /u/lethanos
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    International Money Express, Inc. Announces Partnership with Ripple

    Posted: 04 Feb 2020 02:51 PM PST

    I am writing a school piece related to Cryptocurrency, It would be of great help if you guys could quickly fill it it anonymously! Thank you!

    Posted: 04 Feb 2020 01:17 PM PST

    Twitter co-founder backs an app that lets users buy bitcoin. Mode Banking, claims to allow opening an account in less than 60 seconds and completing know-your-customer (KYC) requirements in less than two minutes.

    Posted: 04 Feb 2020 04:26 AM PST

    Some Coinbase Users Can’t Withdraw More Than $10 in Bitcoin a Day

    Posted: 04 Feb 2020 04:36 PM PST

    Brazilian Bitconnect: Genbit accused of pyramid and ponzi schemes took the money of investors without consent and paid back in their own Tokens invented by the company

    Posted: 04 Feb 2020 02:11 PM PST

    There is a company in Brazil called Genbit (Gensa Serviços Digitais). It was previously known as Zero10 and was shut down by the Brazilian government in 2019. The owner of the company recreated the company under the name Genbit and created a holding called Treepart. In November 2019 the Commission of Monetary Values again pointed out irregularities again. The company was offering return rates of 15% monthly and attracted a lot of greedy investors.

    Initially the company was selling "investments in Bitcoin". To get the 15% monthly return the investor should by an "investment package" that costs R$ 26 000 ( about US$ 6000). Now the Bitcoins disappeared and the company decided to pay the investors with a Token that they invented called TPK (TreepToken) . The company expects that some investors will speculate on the TPK and get money selling it.

    This is very similar to what Bitconnect did in 2016.

    To avoid the regulations from the Brazilian government Genbit founded a ghost company in Estonia.

    https://ourbitcoinnews.com/hidden-money-and-lies-ex-genbit-employees-reveal-what-happened-to-the-company/

    submitted by /u/Grevillea_banksii
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    [x-post from r/cryptodevs] I'm Launching the First Truly Decentralized Private Marketplace to Challenge the Platform Oligarchy

    Posted: 05 Feb 2020 12:48 AM PST

    Hey everyone,

    Posting this here since there was a lively discussion on the r/cryptodevs thread (which is a great sub by the way).

    ​

    I've been working for almost a year now on a platform I call the Ultranet that I'm planning on launching in three weeks on February 25th at 9am Pacific Time. It's a marketplace platform that is fully-decentralized, private, and censorship-resistant and my hope is that it can be the first major marketplace platform that is fully open-source and mutually owned/controlled by the people who run the software and who hold its native hyper-deflationary currency (called Ultra). In other words, a free and open-source/democratic alternative to the existing platform monopolies that are currently owned and controlled by a privileged few (a "platform oligarchy" of sorts).

    ​

    It works by having each user who runs the software download and store a cryptographically-secured copy of all of the listings, orders, ratings, and all other marketplace data through a concept I introduce in the paper called a "block pool." This means that as long as a single node somewhere in the world is running the Ultranet software, all data, including all listings and all reputation data, will be preserved. This is in stark contrast to virtually all platforms that exist today, which are subject to censorship of listings and/or outright take-down, the latter of which results in all reputation data being lost. Moreover, the Ultranet achieves censorship-resistance and privacy (it's pseudo-anonymous like Bitcoin) while maintaining feature parity and user experience parity with existing centralized marketplaces. It also introduces Ultra, a hyper-deflationary cryptocurrency that is burned every time an order is placed on the system and by merchants in order to promote their listings, resulting in increasing scarcity over time (i.e. hyper-deflation). Importantly, the use of a native cryptocurrency allows the value of the network to accrue to its users rather than a privileged few, while also giving people an incentive to use the system early on (thus helping to solve the "platform chicken and egg problem"). Finally, the software has a built-in fully-decentralized exchange mechanism I introduce in the paper called "interchange" that allows users to purchase Ultra using Bitcoin or Monero without any third parties involved, along with a fully-decentralized end-to-end encrypted messaging platform.

    ​

    I know it's only natural for people to be skeptical when reading a post like this, but I worked really hard on this because I really believe that the direction society is headed under the dominance of "surveillance capitalism" needs to be challenged somehow, and because I thought all of the existing attempts at disrupting things weren't sufficient. As such, having invested a lot of time and energy into trying to engineer a better way, I think the Ultranet and the concepts I introduce in the paper and in the software itself can at least serve as a guide to get us started down a serious path toward a more open and more democratic platform ecosystem.

    ​

    I'm launching the Ultranet in three weeks on February 25th at 9am Pacific Time, at which point I'm going to make the software available for download on the ultranet.one website. I was going to wait until then to make my first post, but I thought publicizing it a bit before I release the final version of the software could give me a chance to address any last-minute concerns people might have about the first iteration (which is why I'm also releasing the code today; see below).

    ​

    In the meantime, if you want to learn more about the platform, below are some resources:

    • I wrote a paper that you can read here: ultranet.one/white_paper.pdf
    • If you want to sign up to be notified of the public launch when it happens, you can do that on ultranet.one.
    • If you have any questions, I set up a subreddit on r/Ultranet that you can post to.
    • Finally, if you're interested in browsing the code, I've uploaded the latest version to github (this is pretty close to what I plan on releasing in three weeks): http://github.com/sarahc0nn0r/ultranet

    ​

    Thanks, and for anyone who reads this far just know that it means a lot to me that you are considering my work.

    submitted by /u/tyfudgey
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    I used Coinbase Commerce today to checkout at an online store using ETH. It was a smooth experience in Brave, and reminded me of the magic I felt the first time I experienced Stripe Checkout (fiat) years back.

    Posted: 04 Feb 2020 12:28 PM PST

    This is the shop, if anyone is interested in trying it for themselves: https://dewinespot.co/

    I think the store runs on the Shopify ecommerce platform. Here's the integration for Coinbase Commerce: https://commerce.coinbase.com/integrate/shopify

    Coinbase has an animated GIF image here of what the checkout experience looks like (although for me it was even smoother because in Brave it automatically opened my wallet, so all I had to do was click send): https://commerce.coinbase.com/

    I have no affiliations with any of the products or services mentioned. I'm just a happy user.

    submitted by /u/traeregan
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    It can't be often that the 24hr volume is higher than the market cap.

    Posted: 04 Feb 2020 09:23 AM PST

    The 22 Cryptocurrencies With The Strongest Fundamentals

    Posted: 05 Feb 2020 03:22 AM PST

    Famous swiss town allows BTC for taxpaying - Adoption growing!

    Posted: 04 Feb 2020 12:52 PM PST

    We all wait am I right?

    Posted: 05 Feb 2020 02:46 AM PST

    Vitalik Buterin: Fiat digital currencies could interact with crypto

    Posted: 04 Feb 2020 09:20 AM PST

    Eth2 quick update no. 8 - Danny Ryan

    Posted: 04 Feb 2020 09:26 AM PST

    BitPay Enables Merchant Payments From Any Bitcoin Wallet or Exchange

    Posted: 04 Feb 2020 11:55 AM PST

    Can someone tell me what this means. As of yesterday. I deposit of .000133 of XRP to my ledger. Anyone have any suggestions on what this could be because I have no clue. Please help.

    Posted: 04 Feb 2020 07:45 AM PST

    Ethereum incubator ConsenSys restructures again

    Posted: 04 Feb 2020 09:05 AM PST
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