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    Cryptocurrency Daily Discussion - March 8, 2020 (GMT+0)

    March 08, 2020

    Cryptocurrency Daily Discussion - March 8, 2020 (GMT+0)

    Daily Discussion - March 8, 2020 (GMT+0)

    Posted: 07 Mar 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 The prior exemption for karma and age requirements is no longer in effect.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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    Cointelegraph just roasted Justin Sun like nobody has ever before

    Posted: 07 Mar 2020 08:18 AM PST

    This Week's Top Bitcoin, Ethereum, Crypto, Finance & Global News

    Posted: 08 Mar 2020 01:49 AM PST

    Argent, when Fintech meets DeFi

    Posted: 07 Mar 2020 05:57 PM PST

    Dai

    Posted: 07 Mar 2020 04:30 PM PST

    I am continuing post my "Crypto of the Day", to help to promote discussion and ideas, and also to help myself and others learn more.

    Clearly, no one can predict the future, and nothing here should be taken as financial advice. However, I am sure there are some valuable personal opinions out there, and there is definitely an entertainment value in reading stuff like this.

    Regarding the crypto of the day, DAI, I am curious of the following...

    Currently selling at $1.00.

    Please post if you have any financial predictions for this project for; the next month, the end of 2020, the end of 2021, the end of 2025. I know most of you avoid this part, and that is fine. It is near impossible to predict how numbers will play out within such a volatile market.

    What percent of your portfolio is this project currently?

    What should we all know, good, bad, and indifferent, about this project?

    It seems people are likely to post the positive in each project, but please remember that critical insight is just as useful.

    I know the goal is for DAI to always be at $1.00. However, I want to discuss more about when a person may want to buy/hold/sell this product. Does it have a chance of increasing much above $1? Like all projects, I know it has a chance of eventually being worth nothing, but perhaps backed by Ether is that ever does happen.

    submitted by /u/joenorwood77
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    Someone Just Minted a Doge-Themed Crypto Token Worth $129,000

    Posted: 07 Mar 2020 05:44 AM PST

    Scottish Privacy & Security Firm Maidsafe (MAID) Publish Big Milestone with Baby Fleming Release

    Posted: 07 Mar 2020 03:52 PM PST

    https://safenetforum.org/t/safe-network-dev-update-march-5-2020/31227/1

    More info here https://safenetwork.tech/roadmap/

    For those that have been following Maidsafe and their SAFE Network build, these are very exciting times!

    submitted by /u/averagejoedothealth
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    Why do some whales dump rather then sell in bits?

    Posted: 08 Mar 2020 04:44 AM PDT

    Every now and again a whales dumps using a market sell. Why don't they just break up their sell in parts and get more out of it?

    Is it a ego thing (i.e. I can move the market) or is it to force the price lower?

    submitted by /u/genius3edition
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    Mezzanine financing in Germany - https://tgraph.io/Mezzanine-financing-in-Germany-02-29

    Posted: 07 Mar 2020 11:34 PM PST

    Binance CEO says that people are buying up STEEM because they want “more coins to vote.”

    Posted: 07 Mar 2020 12:01 PM PST

    If they want massive adoption, why don't they make Cryptos easier to use?

    Posted: 07 Mar 2020 07:30 AM PST

    I recently started using cryptocurrencies because I like the idea of anonimity and transparency, but fucking hell it's a headache, if you write one digit of the code wrong your money is forever gone, you need to learn how to read a block to understand the tracking information, it takes forever to send a payment sometimes, you gotta buy in the market for lower than the exchange price if you want to sell your money immediatly otherwise it will remain in the "orders" section for a while before being fullfiled.

    Why do they make it this difficult? No doubt why massive adoption hasn't happened yet, I think they need a mor user friendly system, not everyone's got the time or the patience to learn.

    submitted by /u/_H4t3_4m3ric4_
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    Check out Yield (YLD)! DeFi platform that rewards *borrowing* and lending (NO ICO/IEO/etc.)

    Posted: 07 Mar 2020 11:53 AM PST

    Despite growing to over $1B today's DeFi lending apps favor lenders significantly more than borrowers. And the "lending", some would say it's nothing but a bad form of margin trading rather than actual lending because, intuitively, "lending" makes very little sense if you have to overcollateralize. And they would be right for the most part — defi is really inefficient today, and to an outsider the overcollateralization is just weird. But it is still lending (a form that predates crypto by centuries) and the fact is: these inefficiencies exist for a reason, and they won't vanish overnight by simply wishing it so. Which brings us to...

    Yield. Yield is a P2P lending dapp that, while it retains the above inefficiencies, pushes the limits of overcollateralization to make it more favorable to borrowers. But what sets Yield apart from the rest of the market is that it compensates borrowers for putting up with the inefficiencies, similar to how lenders are already compensated with interest. Every borrower that successfully manages a loan to term on the platform will be eligible to claim a proportionate amount of YLD tokens that they're free to hodl and access available utilities, or sell for — if they're acting in their best interests — more than their total expenses. The mid to long term goal is to then transition that mechanism into an incentive that powers what some would call the holy-grail — a P2P, undercollateralized lending marketplace with no funky DAOs, KYC, community you need approval from, or some-such, completely tipping lender–borrower scale back to balance. Just you and the protocol.

    There's no ICO, IEO, DAICO, VC, startup/company, etc. behind this and that arguably has its downsides — wen Biananca? — but also its upsides — all the value generated goes back into the ecosystem/users. It's a dapp by a bunch of crypto enthusiasts executing on an idea from 2017 that never saw the light of the day. The token, an initial supply will simply be distributed. So if you're mildly intrigued, feel free to read more about Yield here.

    submitted by /u/cryptoredditr
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    Regarding the panic around the Corona virus

    Posted: 08 Mar 2020 03:22 AM PDT

    So seems like the Corona is causing shifts in the market, borders are closing down, Northern Italy quarantines 16 million people the travel industry is in deep trouble and seems like everyone is panicking.

    How do you think this will affect the Crypto world?

    submitted by /u/danielunited
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    What do you guys think of ETHBEAR? It's essentially a 3x short on Ethereum, done in an easy way. There's also ETHBULL, which is 3x long on Ethereum.

    Posted: 07 Mar 2020 11:53 AM PST

    Best way to solo mine my altcoin?

    Posted: 07 Mar 2020 03:27 PM PST

    I've made an altcoin. I've been solo-mining using setgenerate true. I get about 5k hashes per sec. I know, it sucks. I told my brother in law about it and he started mining it. He gets ~50k hashes per sec. This increased the difficulty by almost 5x. So Instead of getting 5k of my coin per day, I'm now getting around 1k. I'd like to use more efficient software to mine my coin. How can I do this? Thanks in advance

    I don't have an AMD or NVIDIA, I have an Intel i915. I'm trying to mine for free.

    submitted by /u/Mjjjokes
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    Governments CAN kill Bitcoin- they just don't care (for now)

    Posted: 08 Mar 2020 01:32 AM PST

    I understand that my opinion is probably an unpopular one, so I expect a ton of downvotes.

    Let's imagine a perfect scenario- everyone knows for Bitcoin, volume is high, people are spending it and/ or stacking sats. Now, this is not a good thing for govs, reasons were mentioned thousands of times on the internet so I will not bother about mentioning all of that again. How to kill Bitcoin, you may ask? Declare it illegal, start the propaganda machine, prosecute people who are mining or using it, shut down mining farms under the accusation of supporting the system that is used by criminals- add a bit of human trafficking, drug dealing and money laundering to the headlines to make it look justifiable in the eyes of average Joe. After all of that, hashing power will probably go to 20% of what is now. Next step, seize the ASICS and conduct a 51% attack. Congrats, no more BTC. You may say that your rights are hurt, but CCP (Communist Party of China) doesn't give a fuck.

    There is a cryptocurrency that could survive a "mass extinction" of that kind. It's called Idena and it's truly unstoppable. It's using a novel protocol called "Proof of Person". In order to mine it, you must prove (validate) that you are actually a human being, all without 3rd party or personally identifiable documents (aka KYC). How to prove that you're actually a human being? Currently, validation days happen a few times a month, and validations start at the same time all over the globe- New York is at 9:30AM, Berlin is at 3:30PM and Sydney is at 11:30PM. Validations involve solving a user-made flips- flips are user made captchas that are impossible to solve by machines- because they involve abstract thinking and emotions, which only humans have. Incentive to make flips is simple- to validate on next validation day you must make 3 flips which will be randomly distributed to other users on the next validation day. Idena introduces sybil resistance by limiting the time of validations, you can validate yourself on one node, it's almost impossible for one person to have two nodes. All mining rewards are split equally to every miner, so there is no concentration of hashing power, mining farms are impossible and stopping/ censoring is impossible because Idena can work on any 64bit OS- Windows, Linux, MacOS and even Raspberry Pi- Computing power is irrelevant and it will be irrelevant forever! To stop Idena, governments must ban computers, from all people who are running this most decentralized and democratic currency on the globe! Sounds like an impossible task to me.

    submitted by /u/r3310
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