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    Monday, March 2, 2020

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

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


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

    Posted: 01 Mar 2020 04:13 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 The prior exemption for karma and age requirements is no longer in effect.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 Network STILL down. I guess with some cryptocurrencies, even with your keys, not your coins.

    Posted: 01 Mar 2020 07:30 PM PST

    Bitcoin’s mining hash-rate hits new all-time-high ��

    Posted: 02 Mar 2020 04:55 AM PST

    Coronavirus, its impact on the markets, and why your bags will be fine

    Posted: 02 Mar 2020 04:03 AM PST

    The latest CoV stats seem less worrying than they were a few days ago.

    For a while, the virus gained 10% new cases every day, but it has slowed down since.

    For the past few days, it grew by about 2% every day.

    To give you an idea, at his rate, in 2 months, you can expect 90,000 x 1.02^60 = 300,000 contaminated total. To this you should then subtract the many ones who recovered (the majority).

    It's really not that much. At all.

    Even if it went crazy and "exploded" to reach 10 times that, there would still be only 0.038% of the world population affected in two months. And this doesn't count the recoveries, just the total who were infected at some point.

    In addition, it's good to keep in mind that the death rate of 2-3% is not homogeneous in the population, and vastly varies based on age.

    If you're less than 40, you only have a 1/500 risk of dying. Not much.

    If you're 80+ however, it's about 100x more deadly.

    But this means that the people who are at risk of dying the most are those who are the least productive in society. So not really a threat to the economy.

    Finally, the most clickbait stories will now focus on "what if a more deadly mutation appears".

    It can indeed happen, but it's important to understand that natural selection favors traits that improve the likelihood of spreading genes. Even in viruses.

    For this reason, a deadly mutation is unlikely to spread because:

    - Killing your hosts is a very bad strategy for spreading.

    - The more an illness kills, the stronger the measures against it.

    This is also the reason why the most common illnesses (cold, flu), only cause mild symptoms plus the ones necessary for the disease to spread: coughs and sneezes. When you cough and sneeze, you send the virus in the environment.

    This is no coincidence.

    The genes causing this have been selected in viruses because they work at helping the disease spreading. These illnesses are optimal for spreading. This is why they are common.

    Killing hosts doesn't make for an optimal virus.

    But even if it mutated, the rate of spreading calculated above holds true.

    It probably won't affect many people at all.

    I would advise to keep your cool, don't believe medias that desperately fight for your attention and always try to draw your own, informed conclusions.

    ______________________

    From the above, you can probably deduce my opinion about the future effect of CoV on the markets:

    I don't think that the virus will cause much more than the short term panic it just has.

    The big picture is getting clearer, and crypto should be just fine.

    ______________________

    Edit:

    It has now been found that chest x-rays are much more effective/fast diagnostic tools.

    In addition, based on the latest case numbers out of China, it's estimated that the total mortality rate is closer to 0.6-0.7% rather than the commonly cited 2-3%

    Disclaimer: I'm not an expert in any of these fields, and would be happy for anyone to point out where I might be wrong.

    submitted by /u/Ethical-trade
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    Readying the Blockchain Industry for the Next Wave of Adoption

    Posted: 01 Mar 2020 04:13 PM PST

    Be careful, ether-mixer.com IS A SCAM

    Posted: 01 Mar 2020 06:05 AM PST

    Hi, 2 days ago I tried their mixer with 15$ of ETH and the money disappeared.

    After I send the eth, the tx had like 20 confirmations but on their website it said that nothing arrived. Waited 2 days, even sent them an email (without answer).

    So it's safe to say that www.ether-mixer.com IS A SCAM

    Be careful :)

    submitted by /u/Eaglsix
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    Action Required: Users of IOTA's Trinity wallet must migrate their seed by March 6th

    Posted: 02 Mar 2020 05:00 AM PST

    If you used IOTA's Trinity wallet from December 17, 2019 to February 17, 2020, your tokens might be at risk and you need to take action to prevent theft.

    IOTA has released a Seed Migration Tool to allow users to safely migrate their funds onto a new seed. The migration period is 17:00 (UTC) 29th February 2020 to 17:00 (UTC) 7th March.

    Read about the migration tool & how to use it here: https://blog.iota.org/seed-migration-tool-now-available-c253ccd9d23c.

    For continued updates, see https://status.iota.org.

    Please make an active effort to inform everyone you know who has used Trinity about the tool!

    submitted by /u/Cvarley
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    Ethereum Miners Uniting Against ProgPoW and PoS Transition Now That the Difficulty Bomb Is No Longer Holding Them Hostage, Is a Chain Split Inevitable?

    Posted: 02 Mar 2020 05:13 AM PST

    USPS has a page about blockchain

    Posted: 01 Mar 2020 07:39 AM PST

    Bitcoin Store closed by Police in Vienna

    Posted: 01 Mar 2020 12:18 PM PST

    Bitcoin Price Will Always Be Too Expensive if You Don’t Believe in Its Revolution

    Posted: 01 Mar 2020 01:47 PM PST

    National Bank of Fujairah Partners With Ripple for Cross-Border Money Transfers | Al Bawaba

    Posted: 02 Mar 2020 03:29 AM PST

    Binance powered up (staked) 30,000,000 Steem of user funds to vote for Steem witnesses in cooperation with Justin Sun, gradually locking the funds for 13 weeks.

    Posted: 02 Mar 2020 05:13 AM PST

    Coinbase Pro charges more fees if you use their app instead of website?

    Posted: 01 Mar 2020 10:18 AM PST

    Coinbase Pro charges more fees if you use their app instead of website?

    Someone posted on a forum about this and I never noticed it until I checked for myself, but it seems Coinbase Pro app, fees are twice of cost for the same order on the pro website?

    Am I missing something on the app that makes it double the cost?

    https://preview.redd.it/sctopyj9z3k41.jpg?width=1047&format=pjpg&auto=webp&s=5e01770c43b6ac10633879930e5f0af717dd2f04

    submitted by /u/DarkMatterEclipse
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    We tracked 133,000 Ethereum .ETH names and exposed their secrets

    Posted: 01 Mar 2020 03:58 PM PST

    Are tokens really needed?

    Posted: 01 Mar 2020 04:31 AM PST

    I own around 10 various ETH tokens and every once in a while I start asking myself do they have a future in crypto. And then I have inner battles whether to sell all of them or not.

    So the primary use case of token seems to be to fund the team and to give something back to the investors so they feel like thet just didn't donate money. In most cases this token is useless.

    Then we have some projects that claim that ETH is currently not scaleable and if everyone used just ETH the network would be slow as shit. Which seems like a current issue but doesn't have to be an issue in the future.

    So if you had a scalable ultrafast main chain would you even need a token?

    Couldn't you just use ETH instead of BAT when tipping, instead of REP or LINK when reporting, instead of MANA when buying land...

    submitted by /u/Ferdo306
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    Could this be the start of the migration from fiat to crypotcurrencies? (also, don't touch your face after using fiat)

    Posted: 01 Mar 2020 10:57 AM PST

    TSLA: The Stock that Outperformed Bitcoin

    Posted: 02 Mar 2020 01:07 AM PST

    TSLA: The Stock that Outperformed Bitcoin

    https://preview.redd.it/sn3kr2ak68k41.jpg?width=1280&format=pjpg&auto=webp&s=52ada5b1d1e526f34118cf91b24886ec57152a24

    Builders at work.
    Tesla has released major announcements over 2019, with each leading to a major price action. Interestingly, some led to price plummets.

    Seemingly, it wasn't even the viral announcement of the Cybertruck that pushed the stock up. The rally began with Model X receiving the record scores in Europe. This is rationalized by the fact that European countries are adopting electric cars at a faster pace than even the US.

    Will TSLA Outperform Bitcoin in 2020?

    submitted by /u/rivoke
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    Most commonly asked question by beginners - is it too late to buy Bitcoin - 5 reasons why it's not!

    Posted: 02 Mar 2020 04:04 AM PST

    What Ethereum Needs To Succeed: "Normies"

    Posted: 01 Mar 2020 04:12 PM PST

    Facebook's Libra is alive and kicking: Libra & Tagomi

    Posted: 01 Mar 2020 02:35 PM PST

    How do crypto exchanges (e.g. coinbase, kraken, Bittrex) work internally?

    Posted: 01 Mar 2020 08:31 AM PST

    When I buy or sell a cryptocurrency using -for instance- coinbase, does the transaction is done with another person using coinbase or can the transaction be done with a person using any other cryptocurrency exchange?

    I am particularly interested in knowing if those transactions happen within persons using exchanges based on different countries.

    Sorry if this question has been asked too many times before.

    submitted by /u/red-ish
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    Bitcoin Cash Exclusive Coffee Shops Opens Up To Transition To BCH

    Posted: 02 Mar 2020 03:52 AM PST

    Collective DEX Volume is Starting to Outperform Some Major Exchanges

    Posted: 01 Mar 2020 08:46 AM PST

    Collective DEX Volume is Starting to Outperform Some Major Exchanges

    https://preview.redd.it/l5bsbfsnb3k41.jpg?width=1280&format=pjpg&auto=webp&s=06878f574ebcb2696c454ffc4333f9dec31ed464

    IDEX, the once DEX market leader, has lost the limelight to Kyber and Uniswap, which are constantly vying for the top spot.

    The 24h net peak volume of all Ethereum DEX nearly touched the $35M mark, with an approximate trade per unique address of $6,000. The reasonable value of volume per user hints that ETH DEX volume is not wash traded.

    www.daomaker.com

    submitted by /u/rivoke
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    Here is a fun quote from the CEO of Ripple: @bgarlinghouse clarified “We would not be profitable or cash flow positive [without selling XRP], I think I’ve said that. We have now.” Dumping $XRP on you is how Ripple stays alive.

    Posted: 01 Mar 2020 05:58 PM PST

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