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    Cryptocurrency Daily Discussion - June 25, 2020 (GMT+0)

    June 25, 2020

    Cryptocurrency Daily Discussion - June 25, 2020 (GMT+0)

    Daily Discussion - June 25, 2020 (GMT+0)

    Posted: 24 Jun 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 The prior exemption for karma and age requirements is no longer in effect.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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    The market really do be like that

    Posted: 24 Jun 2020 07:50 AM PDT

    Venezuela government is officially taking Bitcoin as payment for passports

    Posted: 24 Jun 2020 06:01 AM PDT

    Kyber Network announced as the first Bancor V2 launch pool. This partnership means you can provide liquidity while staying long on KNC and no impermanent loss

    Posted: 25 Jun 2020 01:20 AM PDT

    New York regulator proposes easing cryptocurrency rules

    Posted: 25 Jun 2020 02:02 AM PDT

    This is how it is

    Posted: 24 Jun 2020 08:33 AM PDT

    PSA: Keep your wallet recovery codes safe (story)

    Posted: 25 Jun 2020 04:00 AM PDT

    I've very recently come to the end of a story that should help to remind others about why its so important to back up your codes properly.

    Ive been into crypto for a few years and have slowly amassed a respectable but not major amount of crypto. I purchased a Ledger Nano S hardware wallet to store my purchases because I knew the importance of keeping it offline. Something I paid less attention to was my recovery codes.

    Its important for me to state that I spend my time inbetween two different countries. I'm reside In one country for several months a year to work, but am a national of another country and spend time in my home country at intervals throughout the year. Due to this, I had always kept my crypto devices and info in my country of work/residence.

    Going back to my Ledger, I knew it was important to keep my recovery codes. I wrote them down in a notebook and put it in my apartment safely. I very rarely lose valuables, so I figured I'd never really need it.

    All was going well. My Ledger never leaves my house so I never have a risk of losing it....then Covid 19 hits. I happened to be on holiday while the corona virus outbreaks started to really hit hard. As it was a two week stay, I had decided not to take my Ledger with me. The prices wont change that much in two weeks I thought. For personal reasons, i decided to travel from my holiday destination to my home country (it was deemed safer to do so). I'm now separated from my crypto.

    As most of you know, prices dropped like a stone at first. I felt helpless, but in hindsight at least I couldn't panic sell. Prices then recovered and all was good. I just needed to get back to my country of work and back to my Ledger. Then, of course, airports and flights were shut off. I was grounded thousands of miles away from my ledger and more importantly my recovery codes. I've sat for nearly 6 months, utterly helpless as the prices went down and went up. More importantly for all your hodlers our there, I couldnt even be sure that my savings would still be there when I got back. Empty apartments tend to go noticed after a while and there was nothing I could do about it.

    This story does have a happy ending. After 6 months i have finally managed to gain access to the codes and transfer my balances to a new wallet. i wanted to share my story to highlight How vital it is to have your recovery codes in a secure location and back up copies held in places that you frequent. You May not get trapped abroad like me, but fires, accidental damage and theft are just as prevalent and easy to suffer from. Back your codes people. Don't keep all of your eggs in one basket.

    TLDR: Got stranded 5000 miles away from my Ledger and recovery codes due to corona virus. Had to wait 6 months to regain access to my crypto currency.

    submitted by /u/heeljames
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    Wirecard files for insolvency after $2 billion went missing

    Posted: 25 Jun 2020 02:17 AM PDT

    Andreas Antonopoulos – Obama Story [What He Said About Bitcoin]

    Posted: 25 Jun 2020 04:44 AM PDT

    New York regulators aim to ease crypto regulations in the state

    Posted: 25 Jun 2020 04:58 AM PDT

    Two users from the 'Top 10' MOONS chart barely has Karma while one is only ~8 months old.

    Posted: 25 Jun 2020 12:44 AM PDT

    What’s your goal for your crypto portfolio?

    Posted: 24 Jun 2020 07:55 PM PDT

    I started with thinking I want 1 whole BTC before I stop converting my fiat. Midway through, with all the ups and downs in price, I thought I'd put in 200 bucks a month for 18 months, and see where I land.

    However, the goal keeps changing, as does my interest in crypto coins (ETH, ADA) outside of BTC.

    Current portfolio allocation mix: 40% ETH 10% BTC 10% ADA 10% Moon

    What is your goal? Are you all in, moon or bust? Or averaging monthly for a specific amount of time? Any amount of BTC that would make you stop and diversity in other assets?

    Just curious.

    submitted by /u/naviejsason
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    William Shatner interview on blockchain: “The revolution is coming, not merely in the streets but in the ether. It’s a revolution of knowledge.”

    Posted: 24 Jun 2020 09:01 AM PDT

    SIA press release: Quant Network and SIA successfully tested blockchain interoperability

    Posted: 24 Jun 2020 05:00 AM PDT

    The breakthrough was achieved by integrating Quant Network's Overledger technology into the SIAchain private blockchain infrastructure to enable cross-platform applications and services in Europe and globally

    London and Milan, 24 June 2020 – Quant Network, a leading pioneer in enterprise blockchain technology, and SIA, European hi-tech company leader in the fields of payment services and infrastructures and a subsidiary of CDP Equity, have successfully tested cross blockchain interoperability between multiple Distributed Ledger Technology protocols.
    The breakthrough was achieved by integrating Quant Network's Overledger technology (the world's only DLT operating system that allows interoperability) into the SIAchain private blockchain infrastructure leveraging on 580 European network nodes within SIAnet (the fiber optic network with high-speed and low-latency stretching over 208,000 kilometres).
    This integration provides the ability to bridge permissioned blockchain instances between SIAchain and other external networks – which could not be previously connected - in order to have cross-platform applications and services covering for example notarisation, payments and KYC.

    The development of the solution began in mid-2019 and a full program of testing has been executed on SIAchain, R3 Corda and private Ethereum platforms.
    Quant Network and SIA will now work together to go to the market developing and implementing further innovative use cases and applications addressing blockchain interoperability challenges.

    This important milestone is the result of a partnership launched between Quant Network and SIA that allows mostly banks and financial institutions - through the SIAchain infrastructure - to adopt cross-platform and interoperable blockchain solutions and to embrace new business models, improve operational efficiencies and deliver innovation to banking customers.

    "The partnership between Quant Network and SIA has been extremely positive and productive from the very start," said Gilbert Verdian, CEO, Quant Network, "and both companies are confident that this development will play an integral part in building the financial infrastructure of the future globally."

    "The achievement of a fully interoperable blockchain network, through our collaboration with Quant Network, is another key-element in our path of bringing innovation and state-of-the-art technologies for supporting banks, financial institutions, corporates and public administration bodies to extend their capabilities in integrating different DLT business applications" said Daniele Savarè, Innovation & Business Solutions Director SIA.

    EDIT: Reposted as text message instead of link post

    submitted by /u/Bahlor
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    CME’s ticker for bitcoin is literally “BRR”

    Posted: 24 Jun 2020 02:44 PM PDT

    GOOD NEWS: Supreme Court limits the extent of SEC disgorgement (fines) - will help crypto space

    Posted: 24 Jun 2020 04:12 PM PDT

    4-Year cycle OG Bob Loukas owns ETH, turns bullish on ETH

    Posted: 25 Jun 2020 04:00 AM PDT

    New York proposes making it easier to use cryptocurrency

    Posted: 24 Jun 2020 11:40 AM PDT

    Why Bitcoin matters for human rights, in two minutes.

    Posted: 24 Jun 2020 03:20 PM PDT

    Mastercard Outlines Issues Holding Crypto Back from being a Payment’s Method

    Posted: 24 Jun 2020 09:59 PM PDT

    What are your top 3?

    Posted: 24 Jun 2020 06:27 PM PDT

    Ethereum Transactions Reach 2017 Levels as Price Takes a Dive

    Posted: 25 Jun 2020 05:29 AM PDT

    A hacker group stole $200 million from 5 Bitcoin exchanges

    Posted: 25 Jun 2020 03:46 AM PDT

    Ethereum Daily Transaction Count Soars Past One Million

    Posted: 24 Jun 2020 02:23 PM PDT

    Do moons do nothing other than provide a blockchain tracked karma system for certain subs?

    Posted: 25 Jun 2020 01:59 AM PDT

    As in, can't redeem them for fiat or other cryptos? I'm sure they'll be used to buy store items, merch, etc. that promotes Reddit and the subs, but is there any plan to have them hold worth outside of reddit?

    To be clear, I am not complaining, I'm looking for verification. I think any use case and exposing people to blockchain based databasing is good, just wondering what the next steps are if there are any planned. As of now the satoshi tip bot is much more useful for actually getting compensated similar to how Steem used to be.

    submitted by /u/AvocadosAreMeh
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