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    Cryptocurrency Daily Discussion - July 24, 2020 (GMT+0)

    July 24, 2020

    Cryptocurrency Daily Discussion - July 24, 2020 (GMT+0)

    Daily Discussion - July 24, 2020 (GMT+0)

    Posted: 23 Jul 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 The prior exemption for karma and age requirements is no longer in effect.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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    Do something

    Posted: 23 Jul 2020 12:19 PM PDT

    Steve Wozniak suing Youtube for failing to crack down on Bitcoin scams using his image

    Posted: 24 Jul 2020 03:20 AM PDT

    You can only choose one.

    Posted: 23 Jul 2020 02:12 PM PDT

    The Hottest DeFi Projects Right Now : July 2020 | Yearn.Finance, Curve.Finance, 1inchExchange & mStable

    Posted: 24 Jul 2020 12:50 AM PDT

    BIG THANK YOU TO DAN (the scam) LARIMER and BRANDON DUMMER

    Posted: 23 Jul 2020 06:33 PM PDT

    Sold the last of this awful shitcoin - feels amazing. In closing I want to THANK YOU: Brandon and Dan (the scam man Larimer): THANK YOU for launching Voice OFF the EOS main chain- THANK YOU for pandering and catering to government satanic scum in the district of criminals for the last 2 years - THANK YOU for your non-vote and non-solutions in regards to Chinese monopoly and collusion of BP's. THANK YOU for letting Joe Lubin run the reputation of this project into the ground with propaganda. THANK YOU for spending 0$ of the 4 billion to counteract it — THANK YOU - for your decision to 'change' social media into a KYC format that forces you to post your legal name so that scammers and people who live on kibbutzes could more easily and readily dox, harrass and steal from the users. THANK YOU for making a platform NO ONE on earth will be interested in — THANK YOU Guys! You're truly the best humanity has to offer! I can finally delete these chat and the stench that this project has caused in my nostrils. It feels good man... it already feels damn good! RIP EOS, R I fugging Peeeeeee!

    submitted by /u/nachodono
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    Dam google fix this shit

    Posted: 23 Jul 2020 12:11 PM PDT

    Steve Wozniak Sues YouTube Over Twitter-Like Bitcoin Scam

    Posted: 23 Jul 2020 05:54 AM PDT

    The fake monero wallet ad is still up. Be careful everyone!

    Posted: 23 Jul 2020 08:56 AM PDT

    CoinMarketCap Says Listing BNB as No.1 DeFi Token Was ‘Human Error’

    Posted: 23 Jul 2020 11:41 PM PDT

    Due diligence process for investing in Crypto

    Posted: 23 Jul 2020 10:04 PM PDT

    Here are the basics I got

    ​

    • Does it have a website? I mean this is a pretty obvious one. You can tell straight away if something is off
    • Read the whitepaper. Big words and empty promises are red flags. Does this stuff make sense?
    • Figure out who the developers are. What's their background, how experienced are they? Are they even real?
    • Is there a github? We can actually see the project and if they are actually working on it. Does the code make sense?
    • Think about uses cases and how big the potential market is. Who are the biggest competitors? Important: The biggest competitors are very rarely other coins, but actual real world companies
    • Do they have contact points? Is there a Telegram or Discord group that can offer transparency on whats going on?
    • Is success of the product behind the coin tied to an increase of the coins value?

    What else needs to be done?

    Edit: Be careful if they are overusing trendy buzzwords like Defi or deflationary. They are quite popular at the moment.

    submitted by /u/blackupsilon
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    Ethereum (ETH/USD) jumps another 5% within minutes hitting $280 on major exchanges

    Posted: 23 Jul 2020 10:00 AM PDT

    No One Has Traded Bitcoin Options on Bakkt for Over a Month

    Posted: 23 Jul 2020 04:11 PM PDT

    First trade via Kyber Network - why are transaction costs so high?

    Posted: 24 Jul 2020 01:29 AM PDT

    First trade via Kyber Network - why are transaction costs so high?

    Hello,

    today I decided to use a decentralized exchange, Kyber Network.

    I decided to swap the minimum amount of ETH (0.001 ETH) to KNC.

    I got the following output (please check the image below).

    Let's break down the output:

    - the exchange rate seems legit when compared to the trading pair on coingecko (https://www.coingecko.com/de/munze/kyber-network/eth).

    - the transaction fee seems very high: 0,050929 ETH

    While I don't really have to understand the stuff about Gas Price and Gas Limit (I just know that those are Kyber Network terms and have something to do with its token, I think..), I wonder why the transaction fee is so high: 0,05 ETH, which is >10$

    It is conflicting to what other sources say about transaction fees on Kyber Network (https://www.cryptowisser.com/exchange/kyber-network/#:~:text=Kyber%20Network%20Trading%20fees&text=Kyber%20Network%20is%20one%20of,around%200.10%25%2D0.15%25)..)):

    "It offers a flat trading fee of 0.10% on all successful limit orders. The flat fee of 0.10% is quite in line with, or even slightly below, the current industry averages (arguably around 0.10%-0.15%)."

    For my trade, given that trade volume is 0.001 ETH, transaction fee would be 5000%.

    What am I not getting here?

    Btw, this was the URL: https://kyberswap.com/swap/eth-knc

    https://preview.redd.it/t64xm5w8nrc51.png?width=1439&format=png&auto=webp&s=ce43846bc6b429aed1756c73b1f4174dbc2b6022

    submitted by /u/nick-bravo
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    Advancing our Approach to Digital Currency - VISA

    Posted: 23 Jul 2020 07:41 AM PDT

    Ethereum Foundation Dares Friendly Hackers to Break ETH 2.0 and Earn $5,000 Crypto Bounty

    Posted: 23 Jul 2020 01:37 PM PDT

    Wouldn't oracles create more points of failure?

    Posted: 24 Jul 2020 03:20 AM PDT

    Hello all. This is more if a question intended for developers, but all are welcome. I was reading into oracles more and it's very interesting how it allows data from external sources to interact with smart contracts. My concern is the possibility of attacks or bad actors interacting with oracle, allowing manipulation of the data between the smart contracts and the former. Is this a genuine concern or am I missing something?

    submitted by /u/CryptoAstro
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    UK football club held to ransom over 400 Bitcoin ($3.8 million)

    Posted: 24 Jul 2020 02:55 AM PDT

    Real Due Diligence (DD) Guidelines for Crypto Companies in 2020

    Posted: 24 Jul 2020 01:03 AM PDT

    Altcoin advice for beginner?

    Posted: 23 Jul 2020 10:20 AM PDT

    Hello I am a beginner crypto trader looking for advice on ALT coins. I'm looking for altcoins that are expected to exponentially grow in the coming months or years. I'm currently mostly invested in ZIL and VET. Any other suggestions?

    submitted by /u/Y_Beast
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    Cathie wood on BTC ... worth a watch

    Posted: 24 Jul 2020 03:51 AM PDT

    Winklevoss’ Gemini to Offer Custody of .Crypto Blockchain Domains

    Posted: 23 Jul 2020 06:15 AM PDT

    California Man Pleads Guilty to Running Illegal Bitcoin ATMs and Money Laundering

    Posted: 23 Jul 2020 08:55 PM PDT

    Apple co-founder sues YouTube over Bitcoin scam

    Posted: 23 Jul 2020 06:09 AM PDT

    Working With Binance to Return $10,000 of Stolen Crypto to a Victim

    Posted: 23 Jul 2020 11:06 AM PDT
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