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    Cryptocurrency Monthly Skeptics Discussion - July 2020

    July 01, 2020

    Cryptocurrency Monthly Skeptics Discussion - July 2020

    Monthly Skeptics Discussion - July 2020

    Posted: 30 Jun 2020 05:16 PM PDT

    Welcome to the Monthly Skeptics Discussion thread. The goal of this thread is to promote critical discussion by challenging popular or conventional beliefs.

    This thread is scheduled to be reposted on the 1st of every month. Due to the 2 post sticky limit, this thread will not be permanently stickied like the Daily Discussion thread. It will often be taken down to make room for important announcements or news.

    Rules:

    • All sub rules apply here.
    • Discussion topics must be on topic, i.e. only related to skeptical or critical discussion about cryptocurrency. Markets or financial advice discussion, will most likely be removed and is better suited for the daily thread.
    • Promotional top-level comments will be removed. For example, giving the current composition of your portfolio or stating you sold X coin for Y coin(shilling), will promptly be removed.
    • Karma and age requirements are in full effect and may be increased if necessary.

    Guidelines:

    • Share any uncertainties, shortcomings, concerns, etc you have about crypto related projects.
    • Refer topics such as price, gossip, events, etc to the Daily Discussion.
    • Please report top-level promotional comments and/or shilling.

    Resources and Tools:

    • Read through the CryptoWikis Library for material to discuss and consider contributing to it if you're interested. r/CryptoWikis is the home subreddit for the CryptoWikis project. Its goal is to give an equal voice to supporting and opposing opinions on all crypto related projects. You can also try reading through the Critical Discussion search listing.
    • Consider changing your comment sorting around to find more critical discussion. Sorting by controversial might be a good choice.

    • Click the RES subscribe button below if you would like to be notified when comments are posted.

    To see prior Daily Discussions, click here.

    -

    Thank you in advance for your participation.

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    Daily Discussion - July 1, 2020 (GMT+0)

    Posted: 30 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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    This poll isn’t turning out like he planned

    Posted: 30 Jun 2020 07:31 AM PDT

    After 2 years of investigation, Energi Defense has tracked down the real world identity of Discords biggest crypto scammer: Simon S. Tadros

    Posted: 30 Jun 2020 06:21 PM PDT

    Don't Hold Your Breath For an "ETH Killer"

    Posted: 30 Jun 2020 09:56 PM PDT

    Another video of the Lightning DEX and the aggregator working on Binance to fill liquidity

    Posted: 01 Jul 2020 01:05 AM PDT

    Reminder: The Binance "Up to 2 BTC, No KYC" is a con

    Posted: 30 Jun 2020 06:32 PM PDT

    Reminder: The Binance "Up to 2 BTC, No KYC" is a con

    Because of my post history in /r/Binance I periodically get people that DM me asking about ways to recover their funds from Binance after Binance has dropped the KYC hammer on them. There are lots of reasons people can't meet the KYC requirements, typically either they don't have the docs that Binance asks for (an example, I kid you not: "What was the IP address you used when you first signed up?") or they don't want to give the docs to Binance on principal. (What jurisdiction are they in again? How many times have they been compromised? Can I trust them with my passport or other sensitive documents?)

    I had yet another such discussion today with someone that had a significant amount of their money seized. So just a reminder folks - the "Up to 2 BTC, No KYC" claim is a lie. They frequently lock user funds and try to KYC you while transacting in volumes far less than that. When they lock your funds and KYC you for the first time they have no idea whether you are the person that opened the account or someone that just found your phone on a park bench.

    I used to post on the /r/Binance sub in response to users that had been locked out. I figured I could do some good, trying to encourage policy change so people wouldn't lose their money anymore. Instead they blocked me from posting in support of such users. Conversation with the moderator:

    https://preview.redd.it/xoqy61exd5851.png?width=849&format=png&auto=webp&s=b28c68d6d31c744998013e0ae965314bd9d25107

    Binance policies and actions speak volumes - Be safe out there.

    submitted by /u/eburnside
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    CoinGecko Updates Trust Score Algorithm by Incorporating Hacken’s CyberSecurity Score

    Posted: 01 Jul 2020 02:35 AM PDT

    Chinese firm dumps 83 tonnes of fake gold on the market

    Posted: 30 Jun 2020 08:37 AM PDT

    IOTA - the First Decentralized Testnet for IOTA 2.0 released

    Posted: 30 Jun 2020 07:26 AM PDT

    Introducing Pollen: the First Decentralized Testnet for IOTA 2.0

    Main features:

    • Fast Probabilistic Consensus — IOTA's new consensus algorithm for a decentralized network.

    • Value Transactions — network participants can now use an automated faucet to receive tokens, send value transactions (via a wallet) and test conflict resolution on the network.

    • Tokenized Assets — individuals can now 'color' IOTA tokens with different attributes that represent real-world assets such as buildings, IoT devices, or even company equity.

    • Prometheus and Grafana integration — node operators can now monitor several metrics by enabling a Grafana dashboard.

    • Feeless dApps — this release includes a future capability for the IOTA ecosystem: the development of feeless decentralized applications.

    You can download the new release and see the full changelog here.

    The wiki can be found here.

    submitted by /u/Aftert1me
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    Malicious Ledger Live app on the PlayStore with 500+ installs - be careful!

    Posted: 30 Jun 2020 03:17 PM PDT

    Introducing IOTA pollen. The first step to the truly decentralised, fee-less and scalable blockchain.

    Posted: 01 Jul 2020 02:43 AM PDT

    Proof of Stake PoS is REPLACING Proof of Work PoW | Decentralized Finance

    Posted: 30 Jun 2020 07:51 PM PDT

    Australian Securities Exchange delays its plan to switch to blockchain technology till 2022.

    Posted: 01 Jul 2020 12:13 AM PDT

    Augur (no-limit prediction market) anounced v2 launch for July 28. I've been hyped for this launch since last year!

    Posted: 30 Jun 2020 04:51 PM PDT

    Your experiences with the crypto.com ecosystem

    Posted: 30 Jun 2020 08:46 PM PDT

    I'd like to hear about your experiences.

    I was looking at crypto.com because of the prepaid card, but then noticed CRO. Holy moly. What's going on there?

    Back to the card. How much have you used it? I want to hear from someone who is using it for a lot of purchases.

    Is their wallet decentralized? You send money from your regular wallet to their wallet to the card. And you can do this as much as you want? You can keep small amounts of money on the card, limiting how much they can screw you over?

    Can you transfer money FROM the card back to your wallet? Their help website doesn't mention how to do that.

    I don't like that they only have an app, and not web. Some things, like a connection to my bank, I don't want to have on my phone.

    submitted by /u/ccgirl21
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    Police In Spain Tracks Down Alleged Child Porn Organization Using Bitcoin Transactions

    Posted: 30 Jun 2020 07:03 AM PDT

    Pundi X’s Blockchain-Based POS Devices XPOS Now Support PayPal Purchases

    Posted: 30 Jun 2020 11:41 PM PDT

    $190 Million Bitcoin Fund Tied To Former ‘Sheriff Of Wall Street’ Solidifies Role As Institutional Leader

    Posted: 30 Jun 2020 04:56 PM PDT

    2 is better than 1

    Posted: 30 Jun 2020 11:20 AM PDT

    Dharma's Zero-Fee Financial Services Will Disrupt Banking

    Posted: 01 Jul 2020 01:28 AM PDT

    0x's first consumer product is an aggregator of decentralized exchanges - The Block

    Posted: 30 Jun 2020 05:33 PM PDT

    The $3 billion Gold fraud in China has reignited the Bitcoin vs Gold debate.

    Posted: 30 Jun 2020 11:59 AM PDT

    ETH, BTC and ZILLIQA mentioned by IMF as "a potential platform for the next generation of payment systems"

    Posted: 01 Jul 2020 02:35 AM PDT

    Distributed Ledger Technology Experiments in Payments and Settlements

    So far, experiments with DLT experimentations point to the potential for financial infrastructures to move towards real-time settlement, flatter structures, continuous operations, and global reach. Testing in large-value payments and securities settlement systems have partly demonstrated the technical feasibility of DLT for this new environment. The projects examined analyzed issues associated with operational capacity, resiliency, liquidity savings, settlement finality, and privacy. DLT-based solutions can also facilitate delivery versus payment of securities, payment versus payment of foreign exchange transactions, and efficient cross-border payments.

    https://www.imf.org/en/Publications/fintech-notes/Issues/2020/06/25/Distributed-Ledger-Technology-Experiments-in-Payments-and-Settlements-49251

    https://www.imf.org/~/media/Files/Publications/FTN063/2020/English/FTNEA2020001.ashx

    submitted by /u/Ton1206
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    The University of California is the latest victim of a $1.14 million Bitcoin ransomware attack

    Posted: 30 Jun 2020 09:23 AM PDT

    What’s a good exchange for someone new?

    Posted: 30 Jun 2020 10:05 PM PDT

    I'm pretty new to crypto's, I bought some on local crypto's and localbitcoin but because they were small amounts it was like a $2 fee, I have like 72 bucks now in a visa gift card linked to paypal, I've been looking on paxful, localbitcoins, and localcryptos trying to find where I can buy some cheap, I'm in the us and I'm underage so I can't do any verifications

    submitted by /u/DittochuGaming
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