• Breaking News

    Friday, April 17, 2020

    Home Unlabelled Cryptocurrency Daily Discussion - April 17, 2020 (GMT+0)

    Cryptocurrency Daily Discussion - April 17, 2020 (GMT+0)

    April 17, 2020

    Cryptocurrency Daily Discussion - April 17, 2020 (GMT+0)

    Daily Discussion - April 17, 2020 (GMT+0)

    Posted: 16 Apr 2020 05:12 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 The prior exemption for karma and age requirements is no longer in effect.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
    [link] [comments]

    Binance is building a new blockchain likely to compete with Ethereum

    Posted: 17 Apr 2020 02:05 AM PDT

    Chainlink is the most overvalued "cryptocurrency" the world has ever seen

    Posted: 16 Apr 2020 03:57 AM PDT

    There are 1,000,000,000 LINK tokens, which gives it a market cap of $3.2 billion.

    If you remove Tether, that would place it #6 as the most valuable "cryptocurrency". If you remove XRP, which is also not a cryptocurrency, it would place it #5. If you merge bitcoin forks, it would be #3, right under Ethereum.

    Its current position is #11 according to CoinMarketcap, but that's because 650,000,000 tokens are owned by the team. Those tokens are not locked, nor legally bound by any agreement to not be sold. In fact the team has already started dumping them. They are literally circulating by any technical or legal definition, but for some reason CoinMarketcap decides to mislead investors and say they are not circulating. (https://beincrypto.com/chainlink-team-accused-of-dumping-530-million-in-link-tokens-over-six-weeks/)

    The team promises in its whitepaper that half those tokens will be "rewards for nodes", but why would you trust the team? They've lied countless times. For example when they plaster in their marketing everywhere that their oracles are decentralized (they are not), Vitalik himself says so. The only "consensus algorithm" they use is to KYC each node manually. (https://web.archive.org/web/20200416103509/https://www.reddit.com/r/LINKTrader/comments/fyxc23/whats_up_with_vitalik_constantly_bashing/fn35ae0/)

    They've also lied about many partnerships. For example, they've said several times that they work with Swift, which is not true. They won some Swift competition in 2016, and radio silence since then. They still claim to be working with Swift today, but they conveniently removed it from their website not long ago. (https://web.archive.org/web/20190820085402/https://chain.link/)

    They also claim to be working with Google, which is also a lie. They did 1 blog post 1 year ago, which was basically a thinly veiled ad for Google Cloud services. It was provably neither a partnership nor integration. The Google employee never even ran a node on mainnet. Yet the team constantly boasts about "working with Google". (https://web.archive.org/web/20190820085402/https://chain.link/)

    They did the same with Oracle Cloud. Fernando (the Oracle employee that organized the "partnership") bragged about holding LINK after it pumped, got demoted, and all the Oracle startups that were supposed to be part of the "partnership" turned out to be dead or fake companies. It was at best a PR stunt for Oracle Cloud, at worst insider trading by Oracle employees. (https://web.archive.org/web/20200114062507/https://twitter.com/fribeiro1/status/1213946909464973316)

    Chainlink has dozens of other "partnerships". I don't have time to investigate all of them, but all the ones I looked into were basically fake. (And by fake I mean they are grossly exaggerated, the tweets and blogposts are real)

    As of today, even though they are the highest valued non-bitcoin, non-ethereum cryptoccurency in the world, the only project using their centralized KYC oracles are Synthetix (according to someone from their team). (https://web.archive.org/web/20200416104122/https://www.reddit.com/r/Chainlink/comments/fdwaad/request_examples_of_apps_built_with_chainlink/fjkhsjv/)

    They apparently have countless big name companies "that will use Chainlink soon", but considering their testnet has been usable for close to 2 years, they have 1-2+ years old "partnerships" that are still not using it, and that their MO is to lie as much as humanly possible, I doubt it's true.

    submitted by /u/donteatyourvegs
    [link] [comments]

    The final line from the movie Anon perfectly states the main argument to use privacy coins even if you have "nothing to hide"

    Posted: 16 Apr 2020 02:06 PM PDT

    Purse.io closing down!

    Posted: 16 Apr 2020 11:55 AM PDT

    This seems sudden and at a very curious time. Let's hear your theories!

    Official statement:

    We've made the very difficult decision to dissolve the company. We're grateful for the opportunity afforded by our supporters to build products and services for the cryptocurrency community.

    To everyone who used our products, told their friends, or helped us in any way, thank you.

    We will continue to offer support for ongoing orders and withdrawals until June 26, 2020 to ensure all transactions and accounts are settled.

    As of today, April 16, 2020 new signups have been disabled. "Shop" and "Earn" functionality will be disabled next week on April 23, 2020. Open orders that have not been matched will be canceled. Purse.io will cease operations on June 26, 2020. If you have a balance on Purse.io, please withdraw all funds as soon as possible.

    It's been a privilege serving people all around the world. We're thankful for our customers who used purse.io increasing bitcoin's utility and distribution. We're also thankful to all the developers and companies who continue to support open source projects including Bcoin and HSD. Thank you for helping us make crypto useful.

    If you have any questions or concerns, please email our support team at Support@Purse.io

    submitted by /u/mollythepug
    [link] [comments]

    Ethereum Matches Bitcoin in Terms of Daily Value Transfers

    Posted: 16 Apr 2020 08:20 AM PDT

    Chinese tech giant Alibaba’s subsidiary launches consortium blockchain platform

    Posted: 16 Apr 2020 10:20 PM PDT

    7 Reasons ETH2.0 Will Create The Next Economic Shift

    Posted: 17 Apr 2020 03:44 AM PDT

    Facebook's Libra to launch stablecoins for each major currency

    Posted: 16 Apr 2020 07:47 AM PDT

    Purse.io shutting down

    Posted: 16 Apr 2020 01:49 PM PDT

    Uphold is the best service of its kind in Crypto

    Posted: 17 Apr 2020 02:38 AM PDT

    Samsung blockchain wallet

    Posted: 17 Apr 2020 01:22 AM PDT

    Does anyone have any exp. With this ? I've been trying to figure out what wallet I want to use and just realized today that my note 10 came with one built in when I was looking through my settings. I really like it to be honest it's simple, easy to use and supports the coins I want to store. I however can not find any real information about people's experiences with it, good or bad. Any of the threads or articles I've found that do exist are pre launch from when it was a speculated feature prior to the launch of the phone. So, anyone have and exp. With this ?

    submitted by /u/jonfoxsaid
    [link] [comments]

    Tether Surpasses Ripple's Market Cap - Tether Mints $360M This Week

    Posted: 16 Apr 2020 01:25 PM PDT

    Can The Financial Stability Board Ban Stable Coins - David Johnston Of PegNet

    Posted: 17 Apr 2020 01:10 AM PDT

    63% of the Ripple (XRP) community has gone for good

    Posted: 16 Apr 2020 05:21 PM PDT

    "Money is losing its meaning" - Bloomberg

    Posted: 17 Apr 2020 02:45 AM PDT

    Facebook Revamps Cryptocurrency Libra

    Posted: 16 Apr 2020 09:13 PM PDT

    $500 million flows into Grayscale investment products in Q1, doubling previous high

    Posted: 16 Apr 2020 08:22 AM PDT

    Wow Tether at it again. $360m this week so far.

    Posted: 16 Apr 2020 10:50 AM PDT

    Emurgo Welcomes Crypto Credit Data Provider Credmark to its dLab/Emurgo Startup Accelerator Program

    Posted: 17 Apr 2020 12:15 AM PDT

    If the US dollar hyperinflates how do you think that would effect the price of Bitcoin?

    Posted: 16 Apr 2020 04:43 PM PDT

    The Federal Reserve will buy bonds as needed to calm markets, and will buy corporate debt in a series of emergency lending programs. They are basically saying they will print however much money out of thin air they need to in order to avoid a depression. If the US dollar begins to lose value in global markets and begins to hyperinflate how do you think that will impact the price of Bitcoin, especially since Bitcoin is so tied to the US dollar through USDT.

    submitted by /u/GravyGiraffe
    [link] [comments]
    Read more
    at

    No comments:

    Post a Comment