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    Cryptocurrency Monthly Skeptics Discussion - March 2020

    March 31, 2020

    Cryptocurrency Monthly Skeptics Discussion - March 2020

    Monthly Skeptics Discussion - March 2020

    Posted: 29 Feb 2020 04:14 PM PST

    Welcome to the Monthly Skeptics Discussion thread. The goal of this thread is to promote critical discussion by challenging popular or conventional beliefs.

    This thread is scheduled to be reposted on the 1st of every month. Due to the 2 post sticky limit, this thread will not be permanently stickied like the Daily Discussion thread. It will often be taken down to make room for important announcements or news.

    Rules:

    • All sub rules apply here.
    • Discussion topics must be on topic, i.e. only related to skeptical or critical discussion about cryptocurrency. Markets or financial advice discussion, will most likely be removed and is better suited for the daily thread.
    • Promotional top-level comments will be removed. For example, giving the current composition of your portfolio or stating you sold X coin for Y coin(shilling), will promptly be removed.
    • Karma and age requirements are in full effect and may be increased if necessary.

    Guidelines:

    • Share any uncertainties, shortcomings, concerns, etc you have about crypto related projects.
    • Refer topics such as price, gossip, events, etc to the Daily Discussion.
    • Please report top-level promotional comments and/or shilling.

    Resources and Tools:

    • Read through the CryptoWikis Library for material to discuss and consider contributing to it if you're interested. r/CryptoWikis is the home subreddit for the CryptoWikis project. Its goal is to give an equal voice to supporting and opposing opinions on all crypto related projects. You can also try reading through the Critical Discussion search listing.
    • Consider changing your comment sorting around to find more critical discussion. Sorting by controversial might be a good choice.

    • Click the RES subscribe button below if you would like to be notified when comments are posted.

    To see prior Daily Discussions, click here.

    -

    Thank you in advance for your participation.

    submitted by /u/AutoModerator
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    Daily Discussion - March 31, 2020 (GMT+0)

    Posted: 30 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.

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    Binance is Set to Acquire CoinMarketCap for $400 million, which makes the deal one of the largest in the crypto space. Details expected to be announced this week.

    Posted: 31 Mar 2020 01:26 AM PDT

    Explain to me how a world on crypto would be better in our current situation.

    Posted: 30 Mar 2020 06:02 PM PDT

    I'm a huge advocate for crypto and have always defended it when discussing with other people.

    I am struggling to find an answer to the question on why a world using crypto would be better than the current cash system we are using today to handle the pandemic.

    For example Aus has just announced a 130b package to support workers who have lost their jobs. I'm assuming they are printing money daily to handle this crisis. Also America's plan to inject trillions into the economy.

    Can someone smarter than me explain how this situation would have been handled with crypto or why crypto would be the better choice.

    Thanks heaps for the replies!

    submitted by /u/Ownejj
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    Bitcoin and the global markets

    Posted: 30 Mar 2020 12:29 PM PDT

    Binance set to acquire Coinmarketcap

    Posted: 31 Mar 2020 01:13 AM PDT

    6 TRILLION USD?? An INFINITE amount of Cash! The USD will be WORTHLESS!! (parody)

    Posted: 30 Mar 2020 03:50 PM PDT

    Binance Makes $400M Bid For CoinMarketCap | TheCryptoAssociate

    Posted: 31 Mar 2020 01:33 AM PDT

    [Ethereum’s] strong growth shows why DeFi could be the killer app - activity up [294%] YoY.

    Posted: 31 Mar 2020 01:17 AM PDT

    Look what made it to Nickelodeon’s Loud House...they mentioned Crypto!

    Posted: 30 Mar 2020 08:49 PM PDT

    Sylo Smart Wallet welcomes Bitcoin

    Posted: 31 Mar 2020 02:26 AM PDT

    For the want of a thousand BTC, the order for one million N95 masks was lost

    Posted: 31 Mar 2020 02:55 AM PDT

    From the article on Forbes titled: I Spent A Day In The Coronavirus-Driven Feeding Frenzy Of N95 Mask Sellers And Buyers And This Is What I Learned:

    "Remington needs two things to secure a deal with a seller: a letter of intent to purchase and proof of funds."

    "Buyers from state procurement departments and hospital systems expressed desperate need for masks, but the deals bogged down when it came to providing proof that they could commit and follow through."

    "Prices ranged from anywhere between $6 - $7 per mask depending on volume and location."

    "I was astounded by the numbers of masks at these locations. At one point he received an update that 43 million masks were available in New Jersey, in the same time-frame that federal and state leaders were saying in press conferences that they were "scouring the globe" for masks."

    "The masks in New Jersey, along with many million more, didn't go to any domestic buyer. Instead," according to the broker, they were all purchased by foreign buyers."

    Bitcoin, is the magic wand that would allow hospital systems and state agencies to regain control over the procurement process, empowering the procurement staff to secure sufficient PPE.

    submitted by /u/cointastical
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    Vitalik Buterin sings Pink Floyd’s “Money” in deepfake video

    Posted: 30 Mar 2020 10:32 AM PDT

    My two cents... or 2 dollars at this rate

    Posted: 30 Mar 2020 08:42 PM PDT

    Obligatory cliche intro: Many of you probably remember what r/CryptoCurrency was like before 2017...

    Of course there were still plenty of moon/lambo enthusiasts, but by and large the attitude was that cryptocurrency would fix the problems in our banking system. I always thought it would be a good idea to put some money in crypto in case another economic meltdown happened, but I didnt realize it would happen this soon.

    Lets look at the facts (I'm American, so this is from an american point of view):

    - Weekly unemployment claims are up ~600% since 2008. It's a bigger green candle on the chart than shitcoins in December 2017

    - The US government is going to give away 2 trillion dollars. This money will simply be added to the national debt, which if you consider that the debt isn't going to be paid back, basically means it gets printed from nothing. That's about 6000 dollars per person in the united states printed out of thin air. You've probably already heard of this one, but here's a link

    - The President of the Federal Reserve Bank of Minneapolis, when prompted "To the person who is about to grab their car keys and go to the ATM and take out 3000 dollars, you say what?" responded: "There is an infinite amount of cash in the Federal Reserve. We will do whatever we need to do to make sure there's enough cash in the banking system." I kid you not. (12:40)

    - The FDIC released a video telling people not to take their money out of the banks.

    ​

    Now I'm not telling you that bitcoin will make you rich or even gain value, but I think it is a genuinely a good idea to buy crypto right now, just to store some of your savings before the incoming bank run happens. We've already seen people empty grocery stores in panic, and the next time it happens it will be banks, not grocery stores. And it won't be toilet paper that's missing.

    submitted by /u/Legin_666
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    Alibaba Group Youtube looks hacked. Please don't fall for this SCAM.

    Posted: 31 Mar 2020 03:34 AM PDT

    iBitHub (IBH): A Scalable Blockchain solution in the US

    Posted: 31 Mar 2020 03:33 AM PDT

    Opera' 360 million users access to decentralized websites via a support for Unstoppable Domains’ .crypto domain extension

    Posted: 31 Mar 2020 02:54 AM PDT

    Bitcoin & Cryptocurrency Industry - March Mining Update

    Posted: 30 Mar 2020 11:02 PM PDT

    InstaDApp, one of the best DeFi Dashboards

    Posted: 31 Mar 2020 01:30 AM PDT

    Really surprised this Ted Talk on crypto has so few views...

    Posted: 31 Mar 2020 12:35 AM PDT

    Plan Bitcoin Is Inevitable if You Think About What the Fed’s Printing $6T Means

    Posted: 30 Mar 2020 08:05 AM PDT

    I work as a mechanical engineer / project manager performing major overhauls on nuclear plant systems. I have degrees in Chemical and Nuclear engineering, but I spend the vast amount of my personal life researching crypto, financial policy, and the future of money.

    Posted: 30 Mar 2020 06:00 PM PDT

    As comfy as my current role is, it's simply not something I have passion for. I pour my all into my work and have taken units from emergency shutdown to full power after months of emergency work, and kept them operational, yet just dont feel fulfilled because my heart wants to work with what I have a passion for: crypto and finance.

    Is there any way to transition from the role I currently have to a role in a crypto startup or already well established crypto company such as coinbase. Where could my skills be utilized? Im ready for a career change, am willing to live anywhere, and would love to work with my passions. I have led projects of hundreds of men, but software development is much different than tearing a powerplant apart and putting it back together.

    Is this a pipe dream of mine or is it possible to work in crypto with my background?

    Also, this is not solicitation for jobs. I have an incredible job. I would just rather work in the field that is my passion and am wondering if others think it could be feasible given my background.

    submitted by /u/Cryptorich13
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    This week, crypto exchange giant Binance announced that it will be hosting a trading tournament between April 10th and April 25th. In the tournament, participants can team up and share in a prize pool of up to $1M in BNB tokens.

    Posted: 30 Mar 2020 11:33 PM PDT
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