Cryptocurrency Daily Discussion - June 14, 2020 (GMT+0) |
- Daily Discussion - June 14, 2020 (GMT+0)
- When I hear my friend is buying shitcoins again.
- Push to reset
- Holding on too tightly
- Want to understand Ethereum Layer 2 options? Read this chart
- A lesson that you can`t just throw in money in an unknown altcoin
- IPFS (36%) and Ethereum (25%) are the most used technologies to build decentralized web projects according to 650 developers in the survey 2020.
- Bridges Might Solve Ethereum's Second-Layer Scalability Issues
- Your top picks for the long run?
- Investors: Want cryptocurrencies to go somewhere? Invest in wallet devs and open source devs, so they can fix their shit.
- Discussion of the Day: GRIN
- Japan high court backs Mt. Gox chief Mark Karpeles' conviction for data manipulation
- Everyone on crypto social media has a target on their back - here's how to make yours smaller. - What I have learned after 3 years in crypto. (Part 5)
- I built a newsletter that curates the Top 10 Organisations, People and Locations from all the Cryptocurrency news on the internet for the past day or week and delivers it to your inbox.
- New Top Banking Regulator Is A Bitcoin Bull, Formerly General Counsel to Coinbase
- How Profitable is GPU Mining?
- Another reason to ditch banks
- Why one should use FiatDex instead of Coinbase when buying cryptocurrency with Fiat
- Why we need crypto. In Spain: socialists planning to cut cash payments from $2500 to $1000... and move to a cashless society.
- Repeated Experiment: I bought $1k of Top10 Cryptos on 01/01/2019. Result? UP +43%
- 10 reasons to use cryptocurrency (Nano) instead of the dollar (or any other fiat currency) ����
- Is BAT a scam?
- Digital Dollar in Play for Trump to Counter China - Blockchain Research
- One-third of institutions have invested in Cryptocurrency according to Fidelity.
| Daily Discussion - June 14, 2020 (GMT+0) Posted: 13 Jun 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:
To see prior Skeptics Discussions, click here. [link] [comments]  | ||
| When I hear my friend is buying shitcoins again. Posted: 14 Jun 2020 04:25 AM PDT
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| Posted: 13 Jun 2020 07:29 AM PDT
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| Posted: 13 Jun 2020 11:15 PM PDT Just wanted to post about something that's been on my mind lately. We all want this thing to succeed and change our fortunes, and it's easy to get caught up in it all when you're really passionate about a project. But know that there is such a thing as holding on too tightly, and there's a time to let go. 5-6 years ago I was invested in a penny stock, NPWZ at first, it was later changed to XNRGI. They claimed to have a new high tech battery idea and I remember early on the message boards were filled with folks just so excited to have found this under the radar stock that was going to explode and make them a fortune. There were a handful of regular posters that would be on every day posting tidbits of info and getting people charged up. Well, over the next couple years things fell apart, and all the while these few die hards would continue to post that things would turn around. The other day I dropped by that message board and 2 of those guys are still there. 6 years later. Hoping. We see this happening around us in the crypto space as well, and I know it's the nature of the beast, but I don't like to see people going down with their ships. I've been learning to let go of much in my life in the last couple years, and I guess my point is that it's easy to get trapped holding on to something you think will get better, but if you can find a way to let go, even if it's disappointing, there can be a peace that comes with moving on. I have high hopes like most here, just don't be afraid to walk away when your gut tells you it's time. Best of luck to you all. [link] [comments]  | ||
| Want to understand Ethereum Layer 2 options? Read this chart Posted: 13 Jun 2020 07:11 PM PDT
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| A lesson that you can`t just throw in money in an unknown altcoin Posted: 13 Jun 2020 02:19 PM PDT May 30th: goodbadidontknow was browsing his usual crypto tracker Coingecko while sipping on his tea. There is a section there called "Large movers" which let you know which coins/tokens have pumped most during the last 24 hours. In addition you find those who have dumped. goodbadidontknow saw a coin called Palace which had fallen 90% that day and thought to himself: There is no way that coin can fall further! In addition he went to the website of the project, and saw a roadmap with goals and everything. It was korean of course, so he couldnt understand a single word out of it. But the roadmap had pretty colours and stuff so he was intrigued. Plus the IEO they ran on Probit was priced at 20KRW, and the sale orders were at 0.5KRW that glorious day! goodbadidontknow deposited his Bitcoin to the unknown korean exhange it is listed on, Probit, bought up what was available for sale and the deed was done. Boats, hookers and fast cars here come to papa. You people that are selling for this cheap are suckers!! This is where he bought his coins goodbadidontknow came a little to his senses (after buying in pure FOMO of course) and tried to contact the founders on the website, but no answer. goodbadidontknow also discovered that there was no social media accounts on the project: no twitter page, no telegram. Where was goodbadidontknow suppose to talk to his soon-to-become-rich friends? June 13th: Palace have since fallen another 90% and goodbadidontknow is left with 10% of his investment. Volume was at $500k per day back when he bought, but have since dropped like crazy and is now at $2k per day. goodbadidontknow suddenly realize he was a victim of a wash trading scam. goodbadidontknow is still the sole subscriber to r/Palacetoken which he made himself and serve as a painful memory of his crypto adventures. [link] [comments]  | ||
| Posted: 13 Jun 2020 07:13 PM PDT
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| Bridges Might Solve Ethereum's Second-Layer Scalability Issues Posted: 13 Jun 2020 11:33 PM PDT
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| Your top picks for the long run? Posted: 13 Jun 2020 04:18 PM PDT Hello! Which are your top picks for the long run? Mine BTC ETH ADA NANo ETN EOS NEO NRG GRIN KNC Actually looking to choose only 5 top where to invest 80% of this list, and the take other 5 (considering also new and emerging altcoins), where to invest 20% of the remain budget. [link] [comments]  | ||
| Posted: 14 Jun 2020 01:20 AM PDT https://np.reddit.com/r/MyEtherWallet/comments/h7yr2b/issue_when_sending_offline_25_eth_lost/ https://np.reddit.com/r/nanocurrency/comments/ebyx3h/nano_wallet_company_apps_shutting_down_on/ https://np.reddit.com/r/bitmessage/comments/cjxk9s/current_status_of_pybitmessage/ https://np.reddit.com/r/zec/comments/8a3lpf/zcash4win_recover_wallet_from_dat/ We have thousands of wallet software, but all of them are riddled with bugs and jank. Wallets and other crypto software need constant updates, but devs run out of money or interest all the time. Devs are forced to make useless tokens or run borderline scams to cover their costs. Go to your favourite open source projects' page, look for donation addresses. Invest in developers, not just coins. [link] [comments]  | ||
| Posted: 13 Jun 2020 04:41 PM PDT -Today's Crypto of the Day is GRIN, and it's current price is $0.5004. DUE TO SOME PERSONAL ISSUES, I AM TEMPORARILY BEHIND ON FOLLOW UP POSTS. I WILL EVENTUALLY CATCH UP AND POST MY OPINIONS ON ALL OF THEM. I AM NOT TRYING TO MAKE LOW EFFORT POSTS AND WILL DO MY BEST TO POST A NEW DISCUSSION DAILY FOR A WHILE. THANK YOU FOR YOUR UNDERSTANDING. -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? [link] [comments]  | ||
| Japan high court backs Mt. Gox chief Mark Karpeles' conviction for data manipulation Posted: 13 Jun 2020 09:16 PM PDT
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| Posted: 14 Jun 2020 04:56 AM PDT Here's part 5 of my thoughts and what I have learned after 3 years in the crypto space. Today's topic is a very important one which often gets overlooked, especially by newcomers. Today's topic is keeping yourself and your crypto safe.
How many people in the crypto space are also vocal proponents of freedom, decentralisation and self-sovereignty? There's no doubt that crypto attracts people with these types of values or quickly instills these sorts of values into many of its users. Being your own bank is a nice thought for many who value freedom and self-sovereignty but it is a double edged sword. The trade-off for this which is very often overlooked is that by having a presence on crypto social media platforms and telling the world about this amazing self-sovereign asset you own, you're also announcing to any malicious actors "Hello, I store lot's of money in my house, come put a gun to my head and rob me!". While I am exaggerating here, there are stories of people who fall victim to the $5 wrench attack and there are community members here such as the man, the myth, the mod u/jtnichol who has been targeted by hackers who are after his crypto. So what can you do to reduce the size of the target on your back? Tip 1: Never disclose the amount of crypto you hold. Ever. Don't even suggest a ball park figure or brag about being able to run multiple ETH staking nodes when phase 0 goes live. Put yourself in the attacker's shoes. Would you rather attack someone who has openly stated he owns upwards of $100,000 of crypto or someone who you think has more but you can't be sure? Very few criminals who spend time online to carefully pick a target to rob would break into someone's home and put a gun to someones head risking life in prison for an unknown reward. The last thing they want is to spend life in prison after trying to rob someone of their 0.1 BTC or 3 ETH. It's just not worth it for them and that's why bragging about your 10 BTC or 320 ETH also isn't worth it for you. Tip 2: Buy a hardware wallet. Hardware wallets are by far the safest way to store your crypto which is user friendly. Ledger and Trezor are the two tried and trusted options. Ledger is slightly better if you want to use many altcoins or will make ERC-20 transactions since it has a dedicated desktop app while Trezor makes you use a service such as MyCrypto or MyEtherWallet for altcoins which can leave you vulnerable to phishing attacks. To avoid this always double check that the address you're sending to matches what is displayed on your hardware wallet for both Ledger and Trezor. Important note about hardware wallets: Many people don't know this, but your hardware wallet is how you access your funds and since it has a passcode, the safety of the device itself isn't that important. What is important is that you correctly record the 24 word recovery phrase and you store it in a safe place. This 24 word recovery phrase is worth the value of your crypto as it is a complete key to your crypto. The hardware wallet simply remembers this phrase and lets you send transactions without exposing the recovery phrase to your computer of the internet. If you're a crypto pro you can generate a paper wallet on an offline device and send crypto into that wallet but it will still be risky when you eventually want to access your account to move your crypto. Tip 3: Tighten up your online security. Start using 2FA if you keep money on an exchange. Use a different password for each website either by using a system in your head which allows you to memorise which websites have which password or as I would recommend, by using a password manager. Don't physically write down your password in a book you keep on your desk. If that's what you do you and you keep money on an exchange, you may as well leave your private key on your desk too for everyone to see. You can see if your emails or passwords have been in a data leak here: https://haveibeenpwned.com/ https://haveibeenpwned.com/Passwords Note: It is safe to put in your password into this site because while you type in your password, you only send the hash of the first five characters of your password to their servers and they see if it matches the hash of their list of leaked passwords. More info in that here: https://www.troyhunt.com/ive-just-launched-pwned-passwords-version-2/#cloudflareprivacyandkanonymity While you're at this, you may as well tighten up your online privacy too since data which companies like google collect on you can and will get leaked, potentially compromising the security of your crypto. Plus more privacy = more freedom. There's a great tutorial to online privacy in this YouTube video: www.youtube.com/watch?v=4Z7H5tXqMGo also, if you watch lots of YouTube, after you start browsing more privately like it shows in the video, check out FreeTube (app) or invidio.us (website), which are alternative front ends to YouTube allowing you to watch YouTube anonymously. You can easily import your subs into these platforms too. ^^Note ^^sometimes ^^invidio.us ^^has ^^buffering ^^issues. ^^In ^^this ^^scenario ^^just ^^use ^^one ^^of ^^the ^^mirrors ^^of ^^this ^^website ^^like ^^https://invidious.snopyta.org/ Tip 4: Improve your offline security. There are many ways you can improve this. As mentioned before with passwords, don't keep anything which allows people to access anything online of yours in an obvious spot. Put secure passwords on your devices (that means more than a 4 letter pin on smartphones and don't use the zig-zag shape unlock thing on android). If you have a significant amount of crypto, consider splitting it across multiple hardware wallets and keeping the recovery phrases in different places. Alternatively, you could split the recovery phrase in half and keep each half in different places. One half alone is useless, so someone would have to find both to steal your funds. (more on this in my previous post about diversification here. Just ensure that you don't forget where you keep your recovery phrase! In conclusion, remember that by having an online presence in the crypto space, you are putting a target on your back and you can't remove it. However, you can reduce the size of this target and you will be relieved once you have done what you can to keep you and your crypto safe. Previous Post: https://old.reddit.com/r/ethfinance/comments/gyas6u/diversification_is_multifaceted_what_i_have/ TL;DR: Just don't tell us how much crypto you have. Ever. Period. [link] [comments]  | ||
| Posted: 14 Jun 2020 04:37 AM PDT Initially, I built a dashboard to monitor bitcoin news and top players in the space given a period of time. Then I kind of figured out it would best delivered to people's email for convenience. If anyone is interested in having this information, let me know, I'll add you to the newsletter! Thanks. [link] [comments]  | ||
| New Top Banking Regulator Is A Bitcoin Bull, Formerly General Counsel to Coinbase Posted: 13 Jun 2020 07:32 AM PDT
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| Posted: 14 Jun 2020 04:13 AM PDT
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| Posted: 14 Jun 2020 04:10 AM PDT | ||
| Why one should use FiatDex instead of Coinbase when buying cryptocurrency with Fiat Posted: 13 Jun 2020 11:41 AM PDT
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| Posted: 13 Jun 2020 07:28 AM PDT
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| Repeated Experiment: I bought $1k of Top10 Cryptos on 01/01/2019. Result? UP +43% Posted: 13 Jun 2020 06:19 AM PDT
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| 10 reasons to use cryptocurrency (Nano) instead of the dollar (or any other fiat currency) ���� Posted: 13 Jun 2020 06:43 AM PDT
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| Posted: 13 Jun 2020 09:03 PM PDT I've been using the Brave browser for the past couple of months. Just today 20 BAT were removed from my account. It's only about $4.69, but still, its my money. In the settings it has Auto-Contribute automatically ticked. Why would they think that's the way you set that up? It also doesn't tell you where or how much of your BAT are being disbursed. I have a feeling they're just taking it right back. I'm going to stop using the browser and hopefully no one else has this problem. [link] [comments]  | ||
| Digital Dollar in Play for Trump to Counter China - Blockchain Research Posted: 13 Jun 2020 02:45 PM PDT
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| One-third of institutions have invested in Cryptocurrency according to Fidelity. Posted: 13 Jun 2020 12:17 PM PDT
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