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    Cryptocurrency Daily Discussion - July 7, 2020 (GMT+0)

    July 07, 2020

    Cryptocurrency Daily Discussion - July 7, 2020 (GMT+0)

    Daily Discussion - July 7, 2020 (GMT+0)

    Posted: 06 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 The prior exemption for karma and age requirements is no longer in effect.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 am into crypto. Bought my first bitcoin. Am I doing this right?

    Posted: 07 Jul 2020 01:47 AM PDT

    The United States Securities and Exchange Commission (SEC) announced it would be streamlining the application process for investment companies, potentially resulting in expedited crypto and blockchain firms operating in a “more efficient and less costly manner.”

    Posted: 06 Jul 2020 10:33 PM PDT

    Bitcoin's Lightning Network Is Vulnerable to 'Looting' - Computer scientists found a complicated attack using HTLC deadlines and congestion

    Posted: 06 Jul 2020 02:05 PM PDT

    When I have nobody to talk Bitcoin with

    Posted: 06 Jul 2020 04:24 AM PDT

    Why is ADA doing so well lately?

    Posted: 07 Jul 2020 02:08 AM PDT

    I've been curious about the technology behind crypto currencies, and the market mechanisms that give them value. I bought different cryptos a few years ago simply for fun. I enjoyed watching the poor souls asking "when lambo" and "when moon". Anyway, most of the cryptos went down the drain or "stabilised" as some optimistically care to call it. The past 6-12 months have been fairly calm. But for some reason, Ada as slowly been ticking up. Why is that? Why Ada out of all cryptos?!

    submitted by /u/MrOaiki
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    Cardano at One-Year High on Shelley Upgrade

    Posted: 06 Jul 2020 11:28 PM PDT

    ConsenSys, Polychain, Tron, CipherTrace: Blockchain Startups Got $30M+ in US ‘PPP’ Bailout Loans

    Posted: 06 Jul 2020 10:34 PM PDT

    Binance Futures: Beginner’s Guide to Trading Crypto Futures

    Posted: 07 Jul 2020 03:19 AM PDT

    The Silent War between Monero's Miners

    Posted: 06 Jul 2020 05:59 PM PDT

    Critical Bug Found in Cosmos' Consensus Algorithm

    Posted: 07 Jul 2020 04:26 AM PDT

    Sphereon is integrating its product suite with LTO Network, adding thousands of transactions

    Posted: 07 Jul 2020 04:24 AM PDT

    https://blog.ltonetwork.com/sphereon-product-suite-data/

    ​

    Sphereon as a software vendor is blockchain (fabric) agnostic for obvious reasons. Therefore it is great to see that LTO will be the default setting for a number of their solutions, a choice to activate in other packages and will be used in new use cases that will be developed by Sphereon and LTO Network together.

    ​

    Check out their solutions here and these are some highlights from their product suite:

    ​

    Other chains Sphereon has integrations with are Ethereum, Factom (??? weren't they dead?) and HyperLedger, so LTO is in good company, however LTO has a more attractive financial model (for its crypto followers and clients) and with a micro-block time of 1.2 seconds, data integrity for clients is almost instantaneous, while costs for using LTO are significantly lower than its data integrity competitors.

    submitted by /u/CryptoNarf
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    Active DApp Users on Ethereum Doubled in Q2, While COMP Hit ATHs

    Posted: 07 Jul 2020 04:19 AM PDT

    How to convert your Moons into real money (Dai)

    Posted: 06 Jul 2020 01:02 PM PDT

    Here is a little step-by-step to convert your Moons into Dai...a reddit user made this possible, check out his video if you have any issues - https://np.reddit.com/r/ethereum/comments/hklh3o/xmoon_exchange_is_live_trade_reddit_moons_for/

    ​

    Here is what you will need to do in preparation to sell your moons.

    -Get metamask setup on Chrome/Brave

    -Fund your metamask wallet with a bit of eth (needed to convert XDai into Dai)

    -Get some eth from a Rinkeby testnet faucet for free (moons are currently on this testnet)

    -Add XDai as a custom network ( https://dai.poa.network ) to metamask

    -Send your moons from the vault to your metamask address (they will show only in the Rinkeby testnet on your metamask)

    Then after those are steps are done, go to https://xmoon.exchange/ and follow these steps

    -Connect your metamask wallet to https://xmoon.exchange/

    -Switch to the Rinkeby Testnet, convert Moons to Xmoons

    -Switch to Xdai custom network on metamask

    -Convert XMoon to XDai

    -Convert XDai to Dai

    Now you should have Dai in your main metamask wallet. Sorry if I missed any steps, and you might need a little bit of xDai to cover fees the first time.

    submitted by /u/jthawks
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    0x Tracking Deepens Decentralization, Transparency In 0x Ecosystem

    Posted: 07 Jul 2020 12:27 AM PDT

    Thousands of creators on Tik Tok are pushing and convincing many to buy Dogecoin.

    Posted: 06 Jul 2020 05:54 PM PDT

    Creators and users of the app are calling and buying in sometimes hundreds of dollars at a time in hopes of having the current low-value coin reach a stable price of $1. The hashtag of "#Dogecoin" has over a million views of its content and has recently raised over 10%. Could this keep up?

    https://www.tradingview.com/symbols/DOGEUSD/

    https://www.tiktok.com/tag/dogecoin

    submitted by /u/heil_yeezus
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    Before Bitcoin there was E-Gold

    Posted: 06 Jul 2020 11:27 AM PDT

    Before Bitcoin there was E-Gold. Ideology of E-Gold was a private, international currency that would circulate independent of government controls, and stand impervious to the market's highs and lows.

    Founded in 1996, E-gold was a digital gold currency operated by Gold & Silver Reserve Inc. (G&SR) under e-gold Ltd. that allowed users anonymously to open an account on their web site denominated in grams of gold (or other precious metals) and the ability to make instant transfers of value ("spends") to other e-gold accounts. At its peak, the company held 3.8 metric tons of gold, valued at more than $85 million. Customer base was 3.5 million in 165 countries, with 1,000 new accounts opening every day. E-Gold at this time was second only to PayPal in the online payment industry.

    The U.S. government charged E-Gold with being an unlicensed money transmitter in 2007 and the project's directors pleaded guilty in 2008.

    Allegedly U.S. government suppressed crucial evidence in a 2008 landmark case that has since shaped the cryptocurrency industry.

    Many crypto businesses subsequently have had to be regulated as money transmitters in individual states if they want to operate legally.

    submitted by /u/XMoney21
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    Hackathons Benefit From Blockchain Voting, Rewards and Transparency

    Posted: 06 Jul 2020 03:44 PM PDT

    Trustworthy Stablecoins

    Posted: 07 Jul 2020 04:06 AM PDT

    Hi everybody, what are the stablecoins that can be deemed as Trustworthy? Meaning, audited (1:1 backed ratio) and liquid enough so that I can sell/buy them without having to wait for a long time in order to find a buyer/seller?

    submitted by /u/JokeOlantern
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    Afghanistan Approves Blockchain Project to Help Tackle Scourge of Counterfeit Meds

    Posted: 06 Jul 2020 04:01 AM PDT

    Telegram Blockchain to Pay $18.5 Million Penalty

    Posted: 06 Jul 2020 04:41 PM PDT

    Arca Labs Launches Ethereum-Based SEC-Registered Fund - CoinDesk

    Posted: 06 Jul 2020 07:44 AM PDT

    Money Plane (2020) - A professional thief with $40 million in debt and his family's life on the line must commit one final heist - rob a futuristic airborne cryptocurrency casino filled with the world's most dangerous criminals. Starring Edge & Frasier. ��

    Posted: 07 Jul 2020 03:33 AM PDT

    Coming soon: Ethergy - A space mining game with Eth integration, inspired by diep.io

    Posted: 06 Jul 2020 08:54 AM PDT

    Prepare for Bitcoin's Early Adopters (They’re Not Who You Expect)

    Posted: 07 Jul 2020 02:23 AM PDT
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