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

    April 08, 2020

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

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

    Posted: 07 Apr 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 The prior exemption for karma and age requirements is no longer in effect.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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    URGENT: Do NOT send any crypto to anyone on Bisq......Security vulnerability found, hotfix coming soon.

    Posted: 07 Apr 2020 04:32 PM PDT

    Today I'm really happy to release my portfolio app. PixelPortfolio! You can track your holdings in pixelart coins and bars. See my comment to check it out

    Posted: 07 Apr 2020 06:12 AM PDT

    Demand for Bitcoin online courses explodes by 300%

    Posted: 07 Apr 2020 08:13 AM PDT

    BlockDown 2020 takes place on April 16th and 17th. Attendees who are currently confined within their homes will be able to interact with companies, speakers, and other participants in a fully virtual medium.

    Posted: 07 Apr 2020 11:33 PM PDT

    The leading Bitcoin OTC Brokers for trades of more than $100M

    Posted: 08 Apr 2020 01:50 AM PDT

    self proclaimed Satoshi Craig Wright claims Satoshi never posted on bitcointalk...10 years later

    Posted: 07 Apr 2020 09:50 PM PDT

    In a recent blog post, self proclaimed creator of bitcoin Craig Wright aka Faketoshi has come out and said he never posted on the bitcointalk forum, and all the hundreds of posts done by the 'satoshi' username were not done by the creator of bitcoin.

    https://craigwright.net/blog/bitcoin-blockchain-tech/satoshi-never-posted-on-bitcointalk/

    This is absolutely hilarious given the fact that if he was Satoshi he , we did chose to say something about it now 10 years later, and not earlier, especially in the 1 year while someone else was posing as him and he was still actively making builds and doing defect fixes.

    The satoshi user on the forum had real intimate knowledge of the code & design, was participating in builds, community conversations etc, I'm sure there were plenty of private messages as well. There was no doubt at the time that the satoshi username wasn't the creator of bitcoin.

    To retort his comment about waybackmachine hiding satoshis post history, it does the same for all other users if you change the user number. It does however show post history if you append the &start=0 to it, all users started getting archived in 2014, eg:

    https://web.archive.org/web/2016*/https://bitcointalk.org/index.php?action=profile;u=3;sa=showPosts;start=0

    To add to the hilarity, as recently as 7 days before his latest claim, he quotes the supposed 'fake' satoshi bitcointalk posts in his own blog posts in the notes section at the bottom

    https://craigwright.net/blog/bitcoin-blockchain-tech/satoshi-and-the-byzantine-generals/

    ​

    Finally, in my little investigations into this matter, I came across an archived version of the first 3 topics created on bitcointalk, in pdf format as they were part of the restricted staff forum. They have no real revealing or meaningful information in them, so I find no reason for them to be edited (timestamps date back to 2012)

    https://bitcointalk.org/first_topics/

    https://bitcointalk.org/first_topics/2.pdf

    In the second thread, satoshi makes the following harmless statement:

    I have to get the number of posts up over 20 so the topic will have multiple pages, so here goes with a bunch of blank posts.

    I found the use of the phrase 'here goes' in the context of creating posts interesting/unusual.

    After doing some more digging, I then noticed a similar phrasing in a similar context of creating content in an old blog post from Nick Szabo on his blog:

    http://unenumerated.blogspot.com/2012/07/more-short-takes.html

    Perhaps I should take up Twitter, but I already have this blog, and even my short takes tend to go a bit over 140 characters. So here goes:

    submitted by /u/sketchymunter
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    Why is Monero the Best "Privacy Coin"? How Monero is Better than Dash, Zcash, Zcoin (Even with Lelantus) and Bitcoin Mixers Like Wasabi

    Posted: 07 Apr 2020 07:06 AM PDT

    Bitcoin HODLER One Day, Bitcoin HODLER Forever

    Posted: 08 Apr 2020 03:35 AM PDT

    Bitcoin Dominance is about to break down from 2.4 years old support. Next Altcoins bull run ahead?

    Posted: 08 Apr 2020 03:28 AM PDT

    Zombie Apocalypse Edition - I bought $1000 worth of the Top Ten Cryptos on January 1st, 2019 (March 2020 Update)

    Posted: 07 Apr 2020 07:58 AM PDT

    Zombie Apocalypse Edition - I bought $1000 worth of the Top Ten Cryptos on January 1st, 2019 (March 2020 Update)

    ​

    2019 \"Index Fund\" EXPERIMENT - Tracking Top 10 Cryptocurrencies of 2019 - Mar 2020/Month Twenty-Seven Update - Down 87%

    See the full blog post with all the tables here.

    tl;dr - take care of yourselves, your families, and your communities. Keep up the social distancing, bend the curve, wash your hands. Be careful out there.

    tl;dr II - Unlike the 2018 Top Ten, the 2019 Top Ten have over-performed the market since Jan 2019 by a seven point swing (2019 Top Ten +6%; S&P 500 since Jan 2019 -1%). Teaser for the next update I'll release on Reddit in a few days: the 2020 Top Ten have about a +30% swing over the S&P. Each 2019 Top Ten crypto lost ground in March. Overall, BSV has performed the best since Jan 2019, XLM the worst.

    Month Fifteen – UP 6%

    100% red this month, but the portfolio is still up about +6.5% since January 2019.

    Ranking and March Winners and Losers

    Not much movement in the rankings this month, despite the world ending. Bitcoin Cash and Tether switched places and Tron slipped one position to spot #16.

    Stellar and Tron are still the only two cryptos to have dropped out of the 2019 Top Ten. They have been replaced by Binance Coin and Tezos.

    March Winners – With all other cryptos falling, Tether wins the month. I'll give BTC and XRP the distant second place trophy, both down -23% in March.

    March Losers – Ethereum and EOS were the clear losers this month, down -38% and -36% respectively in March.

    For those keeping score, here is tally of which coins have the most monthly wins and loses during the first fifteen months of the 2019 Top Ten Experiment: Tether is still in the lead with five monthly victories followed by BSV in second place with three. BSV also holds the most monthly losses, finishing last in five out of fifteen months.

    Overall update – BSV barely in the lead over BTC, Stellar solidly in the basement.

    BSV lost more ground to Bitcoin this month and now now holds a very slim lead, up +77% since January 2019 vs. second place BTC's +75%. Bitcoin Cash follows in third place, up +36% in the first fifteen months of the 2019 Top Ten Experiment. My initial $100 investment in BSV is now worth $179.

    The strong returns we saw earlier in the year are evaporating: four out of ten from this group were up over the +100% mark in January, then two out of ten in February. At the end of March, that number is zero. That said, 60% of the 2019 Top Ten cryptos have either broke even or are solidly in the green.

    Stellar is still solidly in the basement, down -64% after the first fifteen months. XRP is the second worst performer, down -51%.

    Total Market Cap for the entire cryptocurrency sector:

    The overall crypto market lost about $60B in March 2020 but is still up +46% since the 2019 Top Ten Experiment began in January 2019.

    Bitcoin dominance:

    Bitcoin dominance gained bout +1.5% in March, something we've seen time and time again over the course of all three experiments when the market suffers. The range since the beginning of the experiment in January 2019 has been between 50%-70%.

    Overall return on investment since January 1st, 2019:

    The 2019 Top Ten Portfolio lost $408 in March. After the initial $1000 investment, the 2019 Top Ten Portfolio is worth $1,065, up about +6.5%.

    Here's a look at the ROI over the life of the first fifteen months of the experiment, month by month:

    As you can see, every month except the first month (January 2019) is green. At the lowest point, the 2019 Top Ten portfolio was down -9%, at the highest point, up +114% (May 2019).

    How does the 2019 Top Ten Experiment compare to the parallel projects?

    Taken together, here's the bottom bottom bottom line:

    After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, my portfolios are worth $2,267‬.

    That's down about -24% (compared to about +5.6% last month).

    How does this compare to the current global meltdown in traditional markets?

    Comparison to S&P 500:

    I'm glad you asked. I'm also tracking the S&P 500 as part of my experiment to have a comparison point with other popular investments options. The S&P 500 took another COVID-19 beating in March and is now down -1% since January 2019 (for reference, it was up +18% at the end of February).

    The 2019 Top Ten portfolio is returning +6.5% over the same time period.

    So, the initial $1k investment I put into crypto would now be worth $990 had it been redirected to the S&P 500 in January 2019.

    But what if I took the same world's-slowest-dollar-cost-averaging/$1,000-per-year-in-January approach with the S&P 500? It would yield the following:

    • $1000 investment in S&P 500 on January 1st, 2018: -$80
    • $1000 investment in S&P 500 on January 1st, 2019: -$10
    • $1000 investment in S&P 500 on January 1st, 2020: -$230

    Taken together, here's the bottom bottom bottom line for a similar approach with the S&P:

    After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $2,680.

    That's down about -11% compared to -24% with the Top Ten Crypto Experiment Portfolios.

    That's a 13% difference. Last month the gap was only 1%.

    Implications/Observations:

    While the crypto market as a whole is up +46% since January 2019, the 2019 Top Ten cryptos have gained just +6%, a 40% gap.

    This is just like the 2018 Top Ten portfolio as at no point in the first twenty-seven months of the Top Ten 2018 Experiment has the approach of focusing on the Top Ten cryptos outperformed the overall market. There are a few examples, however, of this approach outperforming the market in the 2019 Top Ten Crypto Experiment. And the first three months of 2020 Experiment updates show that focusing on the Top Ten is a winning strategy, at least at this point in the 2020 Top Ten portfolio

    Conclusion:

    The effects of COVID only look to increase in April. Besides the massive societal and personal toll, how will traditional markets react and will people consider crypto a safe haven?

    Final word: take care of yourselves, your families, and your communities. Keep up the social distancing, bend the curve, wash your hands. Be careful out there.

    Thanks for reading and for supporting the experiment. I hope you've found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for the original 2018 Top Ten Crypto Index Fund Experiment and the recently launched 2020 Top Ten Experiment.

    submitted by /u/Joe-M-4
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    People CAN'T MAKE rent, 43% of small businesses expected to CLOSE PERMANENTLY, severe economic damage from supply chain issues just STARTING to show, people bracing for WORST RECESSION in 100 years... yet stocks and crypto are mooning?

    Posted: 07 Apr 2020 06:08 AM PDT

    This has to be the biggest dead pangolin bounce in history.

    Everyone is gambling on when the market will recover without understanding that there IS NO market. Most people will not be traveling or attending amusement parks or going to vegas for up to a year after this quarantine is over. This lock down has frozen people solid and showed that no one is safe, so the excessive spending and perma 45 degree angle upward stock market way of thinking is coming to an end. People will be saving, not spending, and I highly doubt people will be throwing money into bitcoin unless they can't get their gambling fix elserwhere.

    Everyone is like "stocks and crypto are on sale!". We're just starting to see economic damage from supply chain disruption and other problems arrise, up until then all this crashing has been caused by fear, not real pain.

    submitted by /u/theblackpeople
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    Several blockchain companies teamed up to raise funds for the COVID-19 victims. Here is how you can help!

    Posted: 07 Apr 2020 06:55 AM PDT

    I think it's a nice way to show that crypto can be used for good, so here is how you can contribute:

    If you know any other initiatives, feel free to post in the comments!

    submitted by /u/MagoCrypto
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    Has anyone heard of Wienchain?

    Posted: 08 Apr 2020 03:13 AM PDT

    Hi everyone! I'm considering investing and becoming a Masternode for a new chain called Wienchain. They are attempting to become blockchain for project incubation. They have an interesting proposal system where companies and projects can apply for funding that is paid out from block rewards. And they seem to already be partnered up with a shopping mall in Bangkok. I just want to do my due diligence before investing. Has anyone heard of Wienchain? Does anyone know of a similar project?

    Thanks in advance :)

    www.wienchain.com

    submitted by /u/dandydinero
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    We are a team of graduate students conducting research on savings behavior and trust for a DeFi project. Please help us by filling out this 1 minute survey!

    Posted: 07 Apr 2020 11:07 PM PDT

    If you've ever conducted research, you know how helpful it is when the community chips in. We are a team of graduate students conducting research on savings behavior and trust in financial services for a DeFi project.

    The survey is five questions and should take less than a minute to complete:

    https://forms.gle/kMAb2xwBnGZNpdYM8

    Thank you!

    submitted by /u/Character-Barnacle
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    B ONE PAYMENT: Mobile Crypto Wallet Solution For Small And Big Projects

    Posted: 08 Apr 2020 02:33 AM PDT

    7 DeFi projects that will generate a lot of attention in 2020

    Posted: 07 Apr 2020 07:33 AM PDT

    Bitcoin Cash halving is happening in less than 12 hours

    Posted: 07 Apr 2020 09:05 PM PDT

    That one Time Vitalik and Co. Launched a “Better Crypto Journal” and Abandoned it after a Week

    Posted: 07 Apr 2020 04:53 PM PDT

    Gold vs Bitcoin: What I Learned Buying Silver & Gold with Bitcoin & Crypto – Was it worth it? Episode #1

    Posted: 07 Apr 2020 01:05 PM PDT

    Reddit Crypto wallet?

    Posted: 07 Apr 2020 01:25 PM PDT

    I mis-clicked on the profile menu, and learned we could create a Crypto wallet. When was this implemented and is there a way to determine what subs take place in this?

    Pics: https://imgur.com/a/uUYOo6z

    Video: https://imgur.com/a/bXukF2c

    submitted by /u/Dubya_Tea_Efff
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    How to check if XRP account is a scam

    Posted: 07 Apr 2020 02:40 PM PDT

    Hello crypto investors, crypto fans, crypto enthusiasts. If you like XRP and would like to know if someone is scammer and you have their public XRP address check it in here:

    https://xrp1ntel.com/accounts

    Here you have an example of XRP fraud address: https://xrp1ntel.com/account/rBynoTsSt5nzb7WXDMZRC94o2B1pwTAWdH

    ​

    Source of information: https://www.xrpchat.com/topic/34484-dev-null-prod-updates/

    submitted by /u/XRPblog
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    Comparison of Kraken vs Binance vs Coinbase - 3 of the most popular exchanges of 2020

    Posted: 07 Apr 2020 07:05 AM PDT

    Discussion of the Day: HedgeTrade HEDG

    Posted: 07 Apr 2020 04:47 PM PDT

    -Today's Crypto of the Day is HedgeTrade HEDG, and it's current price is $1.8562.

    -Since 2/18/20, I have posted a crypto/asset of the day for discussion. I typically begin by posting the current price, as well as the brief CoinMarketCap summary. If there is a video featuring it on Coin Bureau, I also post that. After a week or so, I usually post replies to some of the posts, and I also add an overall summary of my thoughts, if I plan to hold any, and is so how much.

    -I strongly encourage everyone to follow up on past discussions and you can still make comments on them. There is a lot of valuable information on many of these posts, so please check them out as you have time. You may learn a lot regarding some of these projects. I know I certainly did! https://www.reddit.com/r/CryptoCurrency/search?q=author%3Ajoenorwood77&restrict_sr=on

    -My first month or so I featured projects listed on some of the main exchanges. Now I plan to focus on the top 100 on CoinMarketCap. After that I expect to broaden to the top 200, and then some random moonshots. I will eventually create a post looking for any projects I should feature before I eventually close this project.

    -Just because I feature a project does not mean I like it. I feel discussion on bad projects are just as important as the good ones. It is useful to hear pros and cons about every project, even if you are simply playing devils advocate.

    -I would say a perfect reply would include at least one pro and at least one con for the project. However, I still feel it is acceptable if you post only pros or cons. If your post does not have any substance to it, "this coin is a scam", "avoid this shitcoin", "this coin will moon to $1000 by the end of 2020", then I will just assume you are posting for personal gain rather than helping the community. If you simply downvote the post without any comments, the only thing you accomplish is having less people view the post. I do not care about Reddit Karma, but if a post drops to zero early on, it can be extremely difficult for people to even find these discussions (which I assume is your intention).

    -These posts are not meant to be financial advice, but instead to be an educational discussion. Everyone is responsible for doing their own research. For each project, I am interested in learning if you have any investment in it, and if so, about what percentage of your portfolio does it carry. Most importantly, what should we all know; good, bad, and indifferent, about this project?

    submitted by /u/joenorwood77
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