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

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


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

    Posted: 27 Mar 2020 05:11 PM PDT

    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 The prior exemption for karma and age requirements is no longer in effect.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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    We're getting a good preview right now of a world where almost nobody accepts cash

    Posted: 27 Mar 2020 01:15 PM PDT

    Binance rolls out an incredibly cheap debit card for crypto

    Posted: 27 Mar 2020 12:27 PM PDT

    Microsoft Files Patent For New Cryptocurrency and Mining System

    Posted: 27 Mar 2020 07:27 AM PDT

    PLEASE BEWARE - 14,000 XRP stolen from Ledger

    Posted: 28 Mar 2020 06:14 AM PDT

    I feel so embarrassed.

    TLDR:

    I have watched our xrp transfer from our account to an account that is currently holding over $2.5 million in xrp. This is clearly a large operation. Details below:

    Use to see: https://xrpcharts.ripple.com/#/graph

    Our account: rfSYXEwYre349J3tBUhPvcawU5F2EGVN9a
    The account that stole our xrp: r9sGt5vtxFcSfK2xwX3HxAMWTPTHo1ZLEg
    The whale it was transferred to: rwpMvfxoodXggJ1g4qv6MWAPQqWDwQyHUW

    The Chrome app is no longer live. I have however seen it re-uploaded this morning and have reported it. If you do a search for Ledger in the Chrome Store tomorrow morning I am sure you will see it there. Original links to said app:

    https://chrome.google.com/webstore/detail/ledger-wallet/pbilbjpkfbfbackdcejdmhdfgeldakkn?utm_source=chrome-ntp-icon

    https://chrome.google.com/webstore/detail/ledger-live/opmelhjohnmenjibglddlpmbpbocohck/related?utm_source=chrome-ntp-icon

    I'm self isolated as I am one of the many victims of Covid-19. I'm confined to a room in our house while my husband who is a key worker, continues to leave for work each day during the UK's first lockdown. He's an absolute hero, but I desperately wish our circumstances where different. I desperately wish I could just hug him.

    I have little but a laptop to keep me sane during the day at the minute, so I am frequenting Reddit often and keeping an eye on the crypto markets. Due to the situation right now money is tight, however I had worked out that by consolidating a few of our other crypto I would be able to recoup around 20% of our losses to help.

    We have our xrp stored in an offline Ledger Nano. The keywords are stored in a separate location and I knew never to divulge them to a 3rd party. Why I ended up doing just that, I can't explain or understand. I can only put it down to the constant fever brought on by the virus. Believe me guys, this isn't like flu!

    So… I begin the day by selling a load of our other crypto currency for bitcoin, sold some to help us and I then consolidate the remaining into xrp. I then load up our Ledger. It's been a while since I last accessed our Ledger (2018), and have since changed my computer. I recalled the Ledger having a Chrome extension and this is when the scam starts.

    The only ledger extension on the Chrome store is one by the name of "Ledger Wallet" or "Ledger Live". It claims to be from Ledger.com ® or Ledger Official ® and for all intents and purposes looks legitimate. It even had over 70 positive 4-5 star reviews, ranging from "Its a little difficult to operate" to "once I understood what to do it was easy".

    Once you download the Chrome extension, it will ask for the version of Ledger you are using, followed by a screen prompting you to fill in your full set of keywords.

    I sat there typing each keyword out, double checking each one and not once did I think that this app wasn't legitimate. I feel so very stupid.

    The app didn't appear to work, so I downloaded a trusted wallet instead. I thought nothing of it and continued.
    At this point our Ledger contained 14,908 xrp. My husband and I had built this up as our nest egg since 2017.

    As I started to look into transferring the small amount of xrp I had recouped that morning, out of the corner of my eye, I watched as 14,889.740739 xrp vanished from our account. The entire process took less than 8 minutes.

    Due to the virus and shock, I believe I may have then fainted. I cant be sure.

    I have since reset the ledger, filed a report with Ripple, the FBI and my local Fraud Police. My husband has been ridiculously understanding. He says its just money and right now our focus should be on getting better / staying safe. I feel devastated.

    I apologise for how long this post is. I guess I wanted to vent a little too. I'm so upset and fully anticipate getting trolled to death, but I wanted to alert you all of this scam as best I could.

    ..

    I hope you are all staying safe during this time x

    submitted by /u/leannekera
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    Despite Coronavirus Woes, ByBit CEO Is Bullish on Bitcoin

    Posted: 27 Mar 2020 07:49 PM PDT

    The Federal Reserve is printing $1 million every second

    Posted: 28 Mar 2020 05:25 AM PDT

    Catch up with Ethereum decentralised finance this Monday: a remote live event to discuss & analyse the impacts of covid on DeFi & what's next.

    Posted: 28 Mar 2020 05:05 AM PDT

    A simple argument behind why I think BTC will fizzle out in the long term

    Posted: 27 Mar 2020 03:35 PM PDT

    I have had a running thesis that I think is still true. I have been posting about this thesis for many years on reddit and so far the price action has been proving me right. For those who haven't been following my comments over the years, here is my thesis:

    1. BTC's entire run up was caused by speculative buying that is common in bubbles. It will always remain to be a speculative and hype driven asset given that the fundamental reason most people are still buying it is to hope for a better price. It is not being bought for any real world transactional use, or for any other fundamental reason
    2. Given greater fool theory, bubbles will continue for BTC until saturation in demand hits (i.e. no fools left). The maximum saturation for any bubble is when mainstream media interest has peaked and the average Joe has heard about BTC. This occurred in December 2017.
    3. Many would counter this saying "but we had a bubble in 2014 too, and it went back up". Yes, but it never reached mainstream media interest. The average Joe around you wasn't talking about BTC even then. Given that the entire run up was caused by hype and speculation, this is extremely important.
    4. Since we've peaked mainstream interest, new buyers won't feel the same rush of adrenaline they once got buying early. It is impossible for someone to feel like they're early on buying something if that something is already known. This is extremely important for hype driven assets.
    5. Thus, BTC will in the long term (we're talking many years) make lower highs over and over, and then fizzle out.

    Every time I have posted this thesis, over the last two years, there are almost no counter arguments and people just get emotional and refuse to engage. So far, the price action has proven me right, and I suspect it'll continue to do so.

    BTW, everything I said applies to all alts even moreso. BTC is just the king so I used it as an example.

    submitted by /u/eth_trader_12
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    800 days bears having fun shorting Mr store of value ��

    Posted: 28 Mar 2020 01:30 AM PDT

    The Monero project may be moving back from Gitlab to Github

    Posted: 27 Mar 2020 08:42 PM PDT

    Coronavirus ventilators and masks get funding on Ethereum

    Posted: 27 Mar 2020 09:52 AM PDT

    World Health Organization Launches Blockchain Platform to Fight COVID-19

    Posted: 28 Mar 2020 04:50 AM PDT

    Solve Care is nominated in the category Technology of the Year next to IBM at the SSON Awards

    Posted: 28 Mar 2020 04:06 AM PDT

    Miners Are Selling More Bitcoin Than They Are Mining

    Posted: 27 Mar 2020 04:24 AM PDT

    I am writing a research paper on “how will cryptocurrencies impact US economy”. Are there any papers/journals I could use for references?

    Posted: 28 Mar 2020 01:54 AM PDT

    Title. Automod removed my post for having less word count. But any research publications or anything that I could use to understand the material and refer from for my college research paper? Im obv looking up on google scholar, JStor and my college library database but anyone with suggestions would be appreciated. Idk where else to ask so I figured this would be a good start I guess.

    submitted by /u/UglyDucklingTaken
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    A network of 9 malicious bitcoin address QR code generators

    Posted: 27 Mar 2020 03:46 PM PDT

    Binance working on a crypto debit card?

    Posted: 28 Mar 2020 01:28 AM PDT

    Hashrate dropping, maxis happy

    Posted: 28 Mar 2020 01:05 AM PDT

    Bitcoin maxis really are something. They're happy that tx fee is high, no matter the usage... Just HODL. They don't buy anything with Bitcoin, just stacking. And if they are out of fiat, then they sell some btc to pay daily bills. LN is their God and salvation.

    submitted by /u/CoinMarketSwot
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    Triffic Raises Funds For COVID-19 With Augmented Reality Toilet Paper, Hand Sanitizer And Face Masks

    Posted: 27 Mar 2020 09:08 PM PDT

    Triffic Raises Funds For COVID-19 With Augmented Reality Toilet Paper, Hand Sanitizer And Face Masks

    Hello everybody - my company Triffic, is raising $10,000 for WHO COVID-19 Response by hiding 600,000 GPS Tokens inside thousands of augmented reality toilet rolls, hand sanitizers and face masks - just like in the video.

    Triffic is using augmented reality to raise funds for COVID-19.

    Each time one is collected, we are donating up to $0.034 on behalf of our users. There is no limit to how many items you can collect, and you can check the Triffic App at any time to see how much you've donated.

    We designed this fundraiser so it's really easy to do, even for people in lockdown - so if you're unable to leave your house, please put your twiddling thumbs to good use by downloading the app and helping us to raise money.

    More information on how to get involved can be found at https://triffic.app/covid-fundraiser - but please spread the word by sharing this post.

    submitted by /u/mobfather
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    US Customer on binance can still access site. Is it safe to deposit/trade?

    Posted: 27 Mar 2020 08:55 PM PDT

    Hey all, I'm from the US (NY state) and had an old binance account. As it turns out I can still log in and apparently deposit. Is it safe to send some bitcoin over and trade? (I would sign up for the binance US site but they're not letting NY state residents)

    Asking cause I want to buy some ALTs that coinbase/gemini don't have.

    submitted by /u/dom_P
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    Fed’s Infinite Printing U.S. Dollar Makes Bitcoin’s Scarcity More Important Than Ever

    Posted: 27 Mar 2020 11:27 AM PDT

    "Privacy is a basic human right. Journalists shouldn't worry about censorship" - Podcast interview with Dr. Steven Waterhouse, CEO of Orchid Labs

    Posted: 27 Mar 2020 03:57 AM PDT

    For those hearing about Binance’s Visa Card, don’t forget that there is already a great card out there from Crypto.com with cash back and other perks

    Posted: 27 Mar 2020 02:25 PM PDT

    Coinbase Wallet users to access DeFi services.

    Posted: 28 Mar 2020 01:27 AM PDT

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