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    Cryptocurrency Monthly Skeptics Discussion - April 2020

    April 09, 2020

    Cryptocurrency Monthly Skeptics Discussion - April 2020

    Monthly Skeptics Discussion - April 2020

    Posted: 31 Mar 2020 05:16 PM PDT

    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 - April 9, 2020 (GMT+0)

    Posted: 08 Apr 2020 05:10 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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    Reddit is implementing a points system on the blockchain! (Official Reddit app on Android)

    Posted: 08 Apr 2020 02:12 PM PDT

    When I spent all of my stimulus on the MCO card

    Posted: 08 Apr 2020 03:13 PM PDT

    Brrrrrrr

    Posted: 08 Apr 2020 04:28 AM PDT

    Interchain decentralized data hosting project Bluzelle announced the launch of its mainnet which aims to combine the advantages of edge computing with distributed ledger technology

    Posted: 09 Apr 2020 03:10 AM PDT

    ICON Unveils New Consensus Algorithm

    Posted: 09 Apr 2020 04:23 AM PDT

    BTC.com is mining BCH at a huge loss right now

    Posted: 08 Apr 2020 12:02 PM PDT

    BTC.com (owned by Bitmain) is mining at a loss to artificially maintain BCH hash rate.

    Profitability of mining BCH has dropped to half that of BTC, but difficulty has yet to wane. The block time is so reduced that it is clear that many miners have made the rational decision to stop mining BCH. Because the rational miners have left, blocks are coming so slow that difficulty is not having time to adjust down. At this rate, even the DAA might not be nimble enough to prevent a direct death spiral. The only thing keeping BCH afloat right now is crypto socialism and irrational miners.

    Just like Satoshi Nakamoto intended.

    The miners operating at a loss may be a temporary measure to prevent the systemic instability introduced by the DAA from leading to a total failure.

    If a whale with interests contrary to Jihan Wu were to make a big move to collapse the BCHBTC ratio, they could double or triple the cost that this irrational mining is having on those who are engaged in it, and could likely drive away the last shreds of rational miners on that chain. This would significantly exacerbate matters for them.

    I will try and update this post from time to time, but as of the time of this post, according to blockchair.com:

    BTC.com has mined 20 out of 36 blocks (56%) since the BCH halvening.

    Current Streak: 0 - CCCCCOMBO BREAKER!

    Longest Streak: 8

    submitted by /u/NotGonnaGetBanned
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    Coinbase CEO Listed Among 15 Youngest US Billionaires

    Posted: 09 Apr 2020 04:18 AM PDT

    4,000 Monero Stolen on Privacy DEX Bisq

    Posted: 08 Apr 2020 11:18 AM PDT

    Bank Of England Helicopter Go Brrrr

    Posted: 09 Apr 2020 06:22 AM PDT

    “[Miner] capitulation is a very good thing. It’s removing the inefficient miners . . . Their rewards get allocated to the efficient miners . . . And those are the strong hands. We want Bitcoin in their hands because they don’t have to sell as much Bitcoin."

    Posted: 08 Apr 2020 10:25 PM PDT

    0cf uses RenVM to enable 20 second conversions from BTC to DAI

    Posted: 08 Apr 2020 03:20 PM PDT

    Top 10 Exchanges to Buy Bitcoin in India

    Posted: 09 Apr 2020 02:01 AM PDT

    Daily Discussion: Crypto.com Coin CRO

    Posted: 08 Apr 2020 04:18 PM PDT

    -Today's Crypto of the Day is Crypto.com Coin CRO, and it's current price is $0.0538.

    -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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    How Distributed Ledger Technology Can Eliminate Bank Data Breaches

    Posted: 08 Apr 2020 12:01 PM PDT

    What is tokenomics?

    Posted: 09 Apr 2020 01:52 AM PDT

    MyCrypto makes payments simple by adding support for blockchain domains!

    Posted: 08 Apr 2020 07:34 AM PDT

    Bitcoin backed token launches on the Tezos blockchain

    Posted: 09 Apr 2020 01:42 AM PDT

    Cryptopia customers have finally won an unprecedented verdict over cryptocurrency that was lost in a hack last year.

    Posted: 09 Apr 2020 01:40 AM PDT

    What's your favorite mobile tracker?

    Posted: 09 Apr 2020 01:37 AM PDT

    New to the world of cryptocurrency. Threw $15 down last week to play with on a couple exchanges while I read until my eyes bleed. Unfortunately, I'm short a PC right now. Tried a few of the trackers on Android. I'm not in love with any of them. So, what are your favorites?

    (P.S. I don't know if this is the best sub for this, but after a quick glance at the rules, it seems fine. Open to suggestions for other subs too.)

    submitted by /u/MemeTitansGO
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    Bank of America Podcast Mentions Partnership with Ripple.

    Posted: 08 Apr 2020 08:28 AM PDT

    Bitcoin miners largely unaffected by coronavirus pandemic

    Posted: 08 Apr 2020 09:44 AM PDT

    Ethereum: Price performance based on the Bitcoin 20 week MA

    Posted: 08 Apr 2020 11:31 PM PDT

    The halvening and the Stock to Flow Model is not a hype cycle but fundamental. EXPLAINED

    Posted: 09 Apr 2020 03:17 AM PDT

    There is a difference between hype and fundamentals. Wall st bonus or Chinese New Year or new partnership is a hype cycle.

    Buy the rumour sell the news is a hype cycle.

    The halvening is a fundamental event. Bitcoin is fundamentally undervalued compared to its market cap right now. Intrinsic value is greater than market cap. Intrinsic value is 8.5k right now. The price of Bitcoin on the spot exchanges always reverts back to the intrinsic value over time. The stock to Flow model is cointegrated which means that if you plot the error between Bitcoins traded price and the model predicted price it forms a bell curve around the intrinsic value. This bell curves proves the legitimacy of the model If the model was wrong the plot wouldn't result in a bell curve. It would have chaotic spurious data.

    A lot of people think stock to Flow model is just good because it looks accurate on the chart. But truth is it mathematically checks out

    Here is how you can work it out yourself:

    1/ First, you need to choose a program like Microsoft excel.

    2/ Then, you want to load a dataset of the price history of BTC. So in one column you'll have the day and in the other column you'll have the price.

    3/ You'll want this data to go back as far as possible to have as much data as possible. So thats 10 years of daily data. Would give you 3650 rows.

    4/ Then, on the next column you need to put the predicted price of bitcoin according to S2F.

    5/ Then, in the next column you want to subtract the previous column from the one before it. This new column will be your error data set. Which tells you each day how overshot or undershot the predicted price was.

    6/ For the S2F flow to be cointegrated, the error dataset should form a bell curve (it should be "normally distributed") To calculate whether the error data set is normally distributed you need to use a normality test. There are several in data analysis. A popular one is the Kolmogorov-Smirnov Test.

    7/ After you conduct this test it will tell you how closely the error set matches a bell curve. The more it matches a bell curve the better the prediction model is.

    Bitcoins Stock to Flow model: https://www.lookintobitcoin.com/charts/stock-to-flow-model/

    Hodlers play a huge role in the stock to flow.

    submitted by /u/Robby16
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    ZIL staking now live on testnet!

    Posted: 08 Apr 2020 11:06 PM PDT
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