Cryptocurrency Daily Discussion - June 29, 2020 (GMT+0)

Daily Discussion - June 29, 2020 (GMT+0)
Vulnerability discovered in Liquid allowing blockstream employees to steal bitcoin. 1800 BTC were affected, bug known to blockstream but never fixed.
Gab CEO Issues Dire Warning After Being Blacklisted by Visa - Warns Visa is Helping to Bring China's "Social Credit Score" to America
"We’re in the 21st-century using financial systems developed in the 20th-century based on a 19th-century understanding of trade and finances."
DeFi Protocol Balancer hacked through exploit it seemingly knew about. A spat between the Balancer and STA team following the $500,000 hack suggests that the DeFi protocol was aware of the weakness.
61% of Bitcoin hasn't moved in over a year, new ATH
Tether is backed by fiat—trouble is that no-one can prove it (as fiat doesn’t exist)
Loopring introduces Zero-Knowledge In Decentralized Exchange
Chase Bank potentially hacked, balances are not displaying correctly & currently trending on twitter
Wired Magazine is Wrong About Monero, Here's Why
Is Algorand the first proof of stake platform? I’m confused
Online Blockchain Hackathon
Crypto.com uses paid shills to "secretely" spread positive information about their service. Evidence inside ⚠️
Balancer pools drained of more than $450,000 due to an exploit connected to deflationary tokens - The Block
Crypto Trends 29 June 2020 �� DEX volume is growing - Dune Analytics �� USD$1 Billion supplied to Compound protocol ☑️ Source code verification with Sourcify
CEO's AMA: In this interview BlockchainBrad speaks with Tim Bos about what ShareRing stands for, building the ShareRing infrastructure/apps for the sharing economy, ShareRing's future and more!
The amount of BTC (wrapped, Ren etc..) on Ethereum just passed $100m
Arbitrage by Grayscale In-kind Contribution?
Why Facebook's Libra Cryptocurrency Can't Compete With Bitcoin
DeFi Yield Farming: You’ve seen the term everywhere. Here’s what it is.
One of the Balancer Pools just got hacked. $500k worth of crypto stolen.
Counter-Strike Superstars to Play in Crypto-Powered Tournament
Homemade Excel BTC development chart. Maybe some will find this useful.
Austrian regulators issue warning against four unregistered crypto firms.
Every person who donates just $1 to the progress of EIP-1559. $117 goes towards the fund. ELI5 - EIP-1559 reduces the network fee significantly and adds a burn mechanic to the baselayer, improving the user experience and adding a deflationary aspect to ethereum.

Daily Discussion - June 29, 2020 (GMT+0)

Posted: 28 Jun 2020 05:16 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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Vulnerability discovered in Liquid allowing blockstream employees to steal bitcoin. 1800 BTC were affected, bug known to blockstream but never fixed.

Posted: 29 Jun 2020 02:38 AM PDT

submitted by /u/DylanKid
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Gab CEO Issues Dire Warning After Being Blacklisted by Visa - Warns Visa is Helping to Bring China's "Social Credit Score" to America

Posted: 28 Jun 2020 06:46 PM PDT

submitted by /u/lj26ft
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"We’re in the 21st-century using financial systems developed in the 20th-century based on a 19th-century understanding of trade and finances."

Posted: 29 Jun 2020 03:48 AM PDT

submitted by /u/apkhyil
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DeFi Protocol Balancer hacked through exploit it seemingly knew about. A spat between the Balancer and STA team following the $500,000 hack suggests that the DeFi protocol was aware of the weakness.

Posted: 29 Jun 2020 03:53 AM PDT

submitted by /u/anmolgaur45
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61% of Bitcoin hasn't moved in over a year, new ATH

Posted: 28 Jun 2020 06:49 AM PDT

submitted by /u/nanooverbtc
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Tether is backed by fiat—trouble is that no-one can prove it (as fiat doesn’t exist)

Posted: 28 Jun 2020 04:04 PM PDT

submitted by /u/coinsmash1
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Loopring introduces Zero-Knowledge In Decentralized Exchange

Posted: 29 Jun 2020 01:15 AM PDT

submitted by /u/arryanna
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Chase Bank potentially hacked, balances are not displaying correctly & currently trending on twitter

Posted: 28 Jun 2020 06:58 AM PDT

submitted by /u/nanooverbtc
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Wired Magazine is Wrong About Monero, Here's Why

Posted: 29 Jun 2020 03:37 AM PDT

submitted by /u/Alex_LocalMonero
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Is Algorand the first proof of stake platform? I’m confused

Posted: 28 Jun 2020 05:53 PM PDT

I'm learning about proof of stake and I'm kinda confused. Most sources I've come across say that the first proof of stake was peercoin but it was a mix with proof of work or something, and then there were NXT, blackcoin, and several others.

But then I also see a project called Algorand claiming they're the first "pure proof of stake" platform. What is the difference? Does that mean Algorand is the first proof of stake? This is so confusing..

And if it's not correct, why are they claiming it?

submitted by /u/hisandherpistols
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Online Blockchain Hackathon

Posted: 29 Jun 2020 04:40 AM PDT

submitted by /u/MrV777
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Crypto.com uses paid shills to "secretely" spread positive information about their service. Evidence inside ⚠️

Posted: 28 Jun 2020 10:07 AM PDT

Example of how Crypto.com uses their paid shills - in this case to fight "FUD" about the possibility of their cards issued by Wirecard being bricked ... only to get them bricked 2 days later. Ordered straight by the CEO: https://pixeldrain.com/l/vskzaY5y

They're stepping up their game and more paid shills are incoming: https://blog.crypto.com/join-the-crypto-com-ambassador-program/

Always do your own research and think critically! Otherwise you're gonna end up with something like #CRO 💩 printed in $ billions and being dumped on newbies!

Study sources outside of the Crypto.com's social media, those are heavily censored to retain the positive image!

submitted by /u/CdCuncensored
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Balancer pools drained of more than $450,000 due to an exploit connected to deflationary tokens - The Block

Posted: 29 Jun 2020 01:46 AM PDT