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    Cryptocurrency Daily Discussion - July 4, 2020 (GMT+0)

    July 04, 2020

    Cryptocurrency Daily Discussion - July 4, 2020 (GMT+0)

    Daily Discussion - July 4, 2020 (GMT+0)

    Posted: 03 Jul 2020 05:10 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 The prior exemption for karma and age requirements is no longer in effect.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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    I hodl from 2017

    Posted: 03 Jul 2020 04:49 PM PDT

    “Nothing beats the old btc”

    Posted: 03 Jul 2020 07:27 PM PDT

    This summary of the effects of inflation was published in 1963 & explains the wealth gap we are currently experiencing

    Posted: 03 Jul 2020 10:11 PM PDT

    Vitalik: We Underestimated How Long Proof-of-Stake and Sharding Would Take to Complete

    Posted: 03 Jul 2020 08:53 PM PDT

    Watch out for phishing ads!

    Posted: 03 Jul 2020 09:06 AM PDT

    $72K Fine Given To Singapore Man For Promoting OneCoin Crypto Scam

    Posted: 04 Jul 2020 03:25 AM PDT

    Can someone explain the Blockfolio chart to me?

    Posted: 04 Jul 2020 03:01 AM PDT

    I'm using Blockfolio on IOS and I'm trying to get my head around the value of the Portfolio overview chart.

    From what I can tell this chart is simply taking what coins you own currently and showing you what that portfolio would have been worth in the past?

    So if I look back a month or so it's showing me an insanely high portfolio value which I know I never had as I would have wet my pants if I did. And the end of the chart if correctly showing the portfolio value as it stands today.

    Im not sure what this high point represents- I've put In some extra usd over the past month but nothing like that amount and I've tweaked my holdings .

    The only significant change I've made is recreate my portfolio again from scratch in the app which I think I did about a month ago. Mostly because of the same issue where I wasn't understanding the chart.

    What heck is this chart and what purpose does it serve?

    submitted by /u/ReddSpark
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    205.4 tx/sec

    Posted: 03 Jul 2020 01:26 PM PDT

    VISA Doubles Down on Bitcoin and Partners with Zap-- and why this is bigger than you think!

    Posted: 03 Jul 2020 07:07 AM PDT

    Warning: Bitmax caught staking undelegated LTO to their LTO Mainnet node

    Posted: 03 Jul 2020 01:47 PM PDT

    Warning: Bitmax caught staking undelegated LTO to their LTO Mainnet node

    Since a few weeks it is possible to stake your LTO on Bitmax's LTO Mainnet node, while keeping LTO on Bitmax's exchange. This can be seen as an additional service for those that wish to keep their tokens handy on the exchange to trade. To get staking rewards on your LTO you need to delegate your LTO tokens in your cash account to LTO-S tokens, at which point you will start receiving rewards. Nice huh?

    ​

    Well unfortunately, it has come to the attention of the community that even if you do NOT delegate your LTO tokens in your bitmax account, these tokens are transfered to the bitmax node. This means the exchange is earning of your user funds without you knowing it. Your LTO tokens are always staked, but if your tokens are not delegated you will simply not see any rewards for it. They are not locked, you can always withdraw them whenever you need, but this is a dirty situation for sure.

    ​

    Someone's test transaction, which is not delegated within the Bitmax account. Funds are forwarded to bitmax node within a minute.

    Showing the 3 LTO amount as \"LTO\" on Bitmax and not as LTO-S (which is the handle for the delegated LTO within your account).

    I don't know if this is intentional (one would fear) or that Bitmax is simply incapable of building it correctly. Just know that if you keep your LTO tokens on there, they will earn money behind your back if you do not delegate them. My advice would be to move your tokens over to Binance or jump over to LTO Mainnet and stake your tokens on one of the public nodes that are run by the community. They offer better node fees anyways (bitmax takes 10%, public nodes 2,5 to 5%).

    submitted by /u/CryptoNarf
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    Rick Harrison from Pawn Stars appraises Nano

    Posted: 03 Jul 2020 06:51 PM PDT

    Electrum 4.0.1 with Lightning Network support Released Today

    Posted: 03 Jul 2020 12:26 PM PDT

    Bad Ravencoin Code Allows Attackers to Generate Coins Without Mining

    Posted: 03 Jul 2020 04:57 PM PDT

    Ravencoin — Emergency Update (inflation bug)

    Posted: 04 Jul 2020 03:45 AM PDT

    I'll be honest about xrp

    Posted: 03 Jul 2020 11:23 PM PDT

    I know there are a lot of people who hate xrp and I can understand why that is now. I'm invested into xrp, but im also invested into other coins like ada, eth and bitcoin. That being said I fucking hate the xrp community, especially the xrp youtubers. Half of them are con artists for example this guy named bearabull, he clearly has no idea wtf he's talking about and he's been wrong on every prediction since he came out. And i highly believe he buys bots to like and view his videos cuz there's no way so many people would believe his bullshit. He also tries to charge people for insider trading which is a huge sign.

    Other xrp youtubers who aren't cons but speak out of their ass like they know whats coming. People like Alex cobb and dusty bc for example. All they do is read articles and have no idea how the market works. Some xrp youtubers have already scammed people and got caught in the act in doing so as well.

    I honestly believe xrp will do well and so will the other top coins,, but these retarded annoying youtubers make xrp and the people who invest in it look so bad that it does seem like a scam. And everytime i hear the shit they say I feel like xrp is a scam. They are a virus not only to xrp but to the crypto community. What bothers me most is most of these xrp youtubers(not all) follow trump and q anon. They believe in conspiracy shit and that alone scares me that I may have made a mistake in investing into xrp. I see why so many other people on this reddit group despises xrp. I dont blame you. These damn youtubers need to be banned in my opinion. Only youtubers I find legit is the modern investor, thinking crypto and the blockchain backer.

    Sorry for the long vent, but I had enough with the bullshit.

    submitted by /u/Fpsmoose
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    DeFinitely 11 - The Week in DeFi

    Posted: 04 Jul 2020 12:48 AM PDT

    Are there any Lebanese or Argentinian crypto users here who could comment on how cryptocurrency is performing in situations of inflationary collapse?

    Posted: 03 Jul 2020 06:29 PM PDT

    I was wondering if we have any users on this subreddit who either live in countries where the currency is collapsing due to inflation or who have friends/family on the ground and are familiar with the situation. My interest was piqued because I read that BTC and other cryptos are trading at a premium in Argentina as people seek to secure their savings as their fiat currency is being devalued by runaway inflation.

    I recall a similar situation when the Russian ruble was devalued by sanctions during the Obama era- my friends from Cyprus said there were long lines at BTC ATMs, and I was living in a sort of Russian beach colony in Vietnam at the time (Mui Ne, if you're familiar) and all of the sudden BTC atms popped up- it was the first time I had seen them.

    I am especially interested in this question because I foresee a coming central bank collapse/inflationary event occurring all over the world quite soon due to the policies of quantitative easing by the Federal Reserve, combined with the various debt bubbles (housing, student loan, leveraged debt, and so forth) which aren't getting any better during the age of Coronavirus. So perhaps if we get some insight into how crypto is performing in countries where this is already happening, it could give us a better idea of what the future might look like.
    Muchas gracias, Shukran, thanks in advance!

    submitted by /u/cosmicmailman
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    ADA bull run is not over yet.

    Posted: 03 Jul 2020 08:02 AM PDT

    Elrond Believes It Has EOS & Algorand Beat in the race for PoS supremacy

    Posted: 04 Jul 2020 01:09 AM PDT

    Vitalik: We Underestimated How Long Proof-of-Stake and Sharding Would Take to Complete- The waiting game continues.

    Posted: 03 Jul 2020 02:31 PM PDT

    COIN360 Overview

    Posted: 04 Jul 2020 04:35 AM PDT

    Millions of people don't have IDs. That's why numerous cryptocurrency exchange platforms are still providing the options of anonymous exchange despite the fact that it becomes harder and harder as the regulations in the cryptocurrency sphere continue to expand.

    Posted: 04 Jul 2020 04:13 AM PDT

    Ripple Likely Sold XRP in an Unregistered Securities Offering

    Posted: 04 Jul 2020 02:09 AM PDT

    Trading Community Points/MOON on xMOON Exchange.

    Posted: 03 Jul 2020 10:40 AM PDT
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