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    Cryptocurrency Daily Discussion - June 6, 2020 (GMT+0)

    June 06, 2020

    Cryptocurrency Daily Discussion - June 6, 2020 (GMT+0)

    Daily Discussion - June 6, 2020 (GMT+0)

    Posted: 05 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:

    • 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 The prior exemption for karma and age requirements is no longer in effect.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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    There are verified number of Bitcoin scams running on YouTube lately. Please stay safe.

    Posted: 05 Jun 2020 11:46 PM PDT

    It's official: Facebook's Libra is boring

    Posted: 06 Jun 2020 12:45 AM PDT

    Time for Plan B

    Posted: 05 Jun 2020 05:17 AM PDT

    ‘Crypto Mom’ Nominated to Serve as SEC Commissioner Until 2025. Fuck yeah!

    Posted: 05 Jun 2020 09:22 AM PDT

    BTC Dominance about to break the 900 day upwards channel? Altseason ahead?

    Posted: 05 Jun 2020 08:35 PM PDT

    Discussion on Ethereum and the roadmap to Serenity (Eth 2.0)

    Posted: 06 Jun 2020 03:31 AM PDT

    This post is meant to be an open, emotionally unbiased, and diverse discussion on the complex dynamic that is Ethereums transition into Ethereum 2.0. I've left some questions I'm interested in hearing answered; however you shouldn't feel confined or obligated to answer any or all of them.

    Also here are two topical & comprehensive links: Knowledge Base - GitHub

    Due to many uncertainties surrounding the future of Ethereum these are opinion questions.

    1) What are your thoughts on the general transition into a Proof of Stake system?

    2) Do you think The Beacon Chain and Ethereum can successfully operate in parallel?

    3) If The Beacon Chain fails what do you think the effects would be? What could they be?

    4) When do you think Phase 0 will be implemented?

    5) Do you think it's possible for Eth to remain live while testing and transitioning is happening on The Beacon Chain? Is it practical?

    6) What do you think the price of Ethereum will be if/when Serenity is fully implemented?

    Thank you for your time, I appreciate it.

    submitted by /u/undergroundinvesting
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    Meanwhile, Wall Street be like

    Posted: 05 Jun 2020 10:10 AM PDT

    Bittrex KYC wants left profile, straight on, and right profile, like a damn mug shot

    Posted: 05 Jun 2020 11:03 AM PDT

    Will not be using Bittrex anymore.

    They just disabled my account and said the reason is I need to resubmit verification. I've already done this before and was fully verified. But now, they want even more photos and from multiple angles.

    Required: Please submit the following 3 images: An image of you looking directly at the camera, another image of you looking off to the right, and a final image of you looking off to the left. All 3 photos are required for all requests.

    Fucking ridiculous they would need three extra photo to verify it's you. My guess is they hired a third party company for facial recognition verification, and this third party is building the ultimate gov database with this. Orwellian bullshit.

    submitted by /u/DarkMatterEclipse
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    Grayscale Investments reveals why it's buying up so much crypto

    Posted: 05 Jun 2020 08:17 AM PDT

    6 DeFi Projects with Interesting (Token) Economics

    Posted: 05 Jun 2020 08:46 AM PDT

    Bloomberg is Bullish on Bitcoin, Why It Matters

    Posted: 05 Jun 2020 07:08 AM PDT

    Interesting Video By Finance YouTuber Andrei Jikh Explaining His Journey With Crypto Since 2014

    Posted: 06 Jun 2020 03:29 AM PDT

    Litecoin update

    Posted: 05 Jun 2020 06:30 PM PDT

    I was one of the many people that started investing in crypto when it was on the top... I have to disclose that I am extremely uneducated in this area but I liked the idea behind the crypto. Anyway, somehow during that time Litecoin was popular and that was the one I picked to invest. Obviously, I lost a little bit of money and got out. Today I was thinking about crypto thanks to Reddit and was wondering what is the current status of Litecoin?

    submitted by /u/teddyjr32378
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    Examining the complex web of USD stable coins

    Posted: 06 Jun 2020 12:49 AM PDT

    Bitcoin Market Forecast: BTC/USD gearing up for another attempt to crack $10,000 as active addresses keep growing

    Posted: 05 Jun 2020 06:46 AM PDT

    Fidelity: "digital assets continue to gain adoption and interest by a variety of institutional investors". Boom!

    Posted: 05 Jun 2020 10:32 PM PDT

    Hypothetical Question: How can I implement crypto currency into hobbies?

    Posted: 05 Jun 2020 05:41 PM PDT

    I'm not trying to do an ICO but sometimes I like to wrap my head around complex problems and see how I can adapt crypto into a real world scenario to see if a specific industry can benefit from blockchain, I'm kind of stuck on this one.

    I always thought it would be cool to fund a hobby through crowdfunding - almost like Patreon but on the blockchain platform

    My hobby is restoring classic cars, I currently post videos to YouTube, I came up with the following idea to get my subscribers to get more engaged by donating/investing in my restorations (using small unrealistic numbers for easy math):

    Car: $750 Repairs & Labor: $250 Resale value: $2500

    1) Create token "ClassicCoin" 2) I do a crowd sale to raise 35% of the funds ($350) 3) I get a loan from the bank for the other 65% ($650) 3) I buy the car, send it to the repair shop and I'm left with a car that is worth $2500 but I only spent $1000 4) I sell the car in FIAT, pay back the bank and any transfer fees and want to return the profit to investors and do another crowdsale

    I get stuck around step 4, how can I split the profit among the original investors and start another crowdsale?

    Here are the ideas I had:

    1) Use the fiat to buy my own ClassicCoin and then send it to their wallets

    2) skip step 1 creating my own coin and just accept funding through BTC or ETH and send them back a standard % increase for all

    Does this seem like a good way to structure it? Can anyone think of anything better?

    If I wanted to do another one I could start another crowdsale, open to new "investors" and the old investors could use their existing ClassicCoin.

    Anyways this is just a thought - I think blockchain is the future and it would be cool to see builders and creators be able to fund their ideas while also giving back to fans and subscribers if possible

    submitted by /u/pytonem
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    Noob that's want to get into the crypto game but has no idea we're to start

    Posted: 06 Jun 2020 03:55 AM PDT

    Hey what's up everyone! As the title says just a young dude in my late 20s that wants to start learning how to trade Bitcoin or any crypto that could be turned for a profit. So much outdated or misinformation it's overwhelming because I don't know what sorses to trust.... Any crypto vets have any resources they can throw my way it will help me to going in the right direction maybe even some legit coaches to give me the upper hand? I just really want to dive into this world start trying to make some dolla billz! Help a brotha out! Any advice given would be amazing thanks you guys!

    submitted by /u/Z0oka
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    Cardano Virtual Summit, Shelley Edition, The 2nd and 3rd of July 2020

    Posted: 05 Jun 2020 04:01 PM PDT

    Loopring Pay is Live: zkRollup Transfers - Fast, fee-less ERC20 transfers, with the complete self-custodial guarantees of Layer 1

    Posted: 06 Jun 2020 02:49 AM PDT

    More momentum for the crypto space "Financial Titan Fidelity Reveals Bitcoin & Crypto Adoption Among Institutional Investors on the Rise"

    Posted: 05 Jun 2020 04:09 PM PDT

    DeFinitely #7 - The week in DeFi

    Posted: 06 Jun 2020 01:40 AM PDT

    Digital Alchemy? [cross-post]

    Posted: 05 Jun 2020 07:50 AM PDT

    The Grey Gold - How Billions in Lost Investment Could be Regained

    Posted: 06 Jun 2020 12:22 AM PDT
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