Daily Discussion Megathread - August 1, 2018

Welcome to the Daily Discussion Megathread. Please read the disclaimer, guidelines, and rules before participating.To see the latest Weekly Skeptics thread, click hereTo see the latest Weekly Support Discussion, click here 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 excercise utmost caution before acting on any trade tip mentioned here.PnDs and brigades are not sanctioned by the mod team in any way as they violate rule III. If you discover this thread is being used for these activities, bring it to the mod teams's notice via the modmail. 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 The prior exemption for karma and age requirements is no longer in effect.Discussion topics must be related to cryptocurrency.Comments will be sorted by newest first. Guidelines:Questions, debates, meta issues, etc are all welcome.Breaking news should be posted separately from this thread. Resources and Tools:To view live streaming comments for this thread, click here. Account permissions are required to post comments through Reddit-Stream.com.Click the RES subscribe button below if you would like to be notified when comments are posted.Consider checking out our Weekly Skeptics Thread for discussion focused solely on critical analysis. Click here and select the latest thread on the search listing. Thank you in advance for your participation. Enjoy!

Submitted August 01, 2018 at 12:41PM

$415 Million Long liquidated (largest ever) on Okex and it has not been covered

https://twitter.com/ibankbitcoins/status/1024389701870841856?s=20A $415 million long was liquidated (i.e. person bet on the price going up and has lost it all) on Okex. This means that there is a current open loss of 950 BTC that needs to be sold. This loss has not been covered (I.e. bought up) and may not cover by the settlement date on Friday. Okex has an insurance fund to take care of situations like these.Problem? The fund is only 10 BTC. We need to hold these exchanges accountable for allowing such large positions to be made if they can’t be covered appropriately and for also having such a pitiful insurance fund.

Submitted August 01, 2018 at 06:19AM

Crypto, You’re No Dot-com Bubble – 51&Done – Medium

https://ift.tt/2Maj7UP

Submitted August 01, 2018 at 10:39AM

$5+ million USD in OMG tokens xfer'ed to Exchanges by OmiseGo Key contributors

Credit /u/CrowEel for his observations:"I’m not filled with confidence when I’ve just checked the tokens given to the team and key contributors and 600,000+ tokens have been sent to exchanges since they were distributed. Wtf is going on!EDIT: 837,500 tokens transferred to exchanges"88000 - https://ift.tt/2LXuRgU - https://ift.tt/2vqsdWv - https://ift.tt/2v3mNl4 - https://ift.tt/2O1lZ70 - https://ift.tt/2v3mNS6 - https://ift.tt/2O1lZE2 - https://ift.tt/2LXuTp2 - https://ift.tt/2ADMZIf

Submitted August 01, 2018 at 03:40AM

“Launching Dragonchain v1: A Hybrid Blockchain Solution”

“Launching Dragonchain v1: A Hybrid Blockchain Solution”Blockchain has emerged as one of the most disruptive forces behind the digital transformation. Our mission is to bring blockchain to every developer and every organization on the planet. Developers are at the heart of this innovation and we are committed to providing the best tools to make them.... https://ift.tt/2OyAcJS

Submitted August 01, 2018 at 07:22AM

The PhD for staying safe in crypto

https://ift.tt/2M6ny2Y

Submitted August 01, 2018 at 05:01AM

Kroger Grocery Store to ban VISA due to high cost

https://ift.tt/2LEZuIh

Submitted August 01, 2018 at 01:39AM

Binance, the world’s biggest crypto exchange acquires Trust Wallet in an effort to improve “the centralized architecture” of its platform.

https://ift.tt/2mYgYAJ

Submitted August 01, 2018 at 01:44AM

The Hexxcoin Vision; An Investor's Experience

https://ift.tt/2OkYuqJ

Submitted August 01, 2018 at 01:56AM

Trezor CEO just fired shots at the scammy "unhackable" BitFI hardware wallet promoted by McAfee

https://twitter.com/pavolrusnak/status/1023912210849062913

Submitted July 31, 2018 at 10:12PM

Waltonchain Featured on Korean National TV - 17 minutes long

https://www.youtube.com/watch?v=arATEJvWnrM

Submitted August 01, 2018 at 12:08AM

Compilation of all my cryptocurrency analyses so far

I started researching and writing about cryptocurrencies last year because I noticed there was a lack of thoughtful cryptocurrency articles - many articles were click-baity with little substance. I wanted to fill the need for in-depth and well researched fundamental analyses. Each deep dive I've written took several days to research and write.Here's a list of cryptocurrency analysis articles I've done so far:TezosZcashMoneroStellarQTUMCardanoEOSVechainOmiseGoMakerDAOBasic Attention Token (BAT)EnigmaThetaChiaLet me know if there are any projects I should analyse next in the comments :)

Submitted July 31, 2018 at 09:59PM

Why Third Generation Cryptocurrencies Are Game-Changers for Venezuela

https://ift.tt/2NZ5ubL

Submitted July 31, 2018 at 10:41PM

Beyond Huge! With $10.7 trillion worth of assets under custody and administration, Northern Trust opens doors to Cryptocurrency hedge funds

https://ift.tt/2LOn3h9

Submitted July 31, 2018 at 10:58PM

Changpeng Zhao, CEO of Binance expecting major bull run in September

https://ift.tt/2AmPGO5

Submitted July 31, 2018 at 01:53PM

The ETF is most likely already decided, expect lot of volatility before the actual release of the news, as insiders react to the verdict.

Regular investors and traders are the last ones to usually find out. The decision is taken in a vote and each member has to substantiate their arguments in writing, the details are eventually leaked to the SEC insiders a day or two before it is released to the public on the SEC website. The ones close to the source will have ample time to go short or long based on the decision. Influential whales pay good money to get such information before it get released to the public, and such an unregulated global market is probably the safest bet to indulge in insider trading.Its kinda ironic that a free and open source software will become the plaything of insiders who will be the ones to profit, which ever way the actual decision goes. In any case, expect BTC to swing wildly as we near the actual date of the decision.

Submitted July 31, 2018 at 09:05PM

How to explain crypto to teenagers?

A 14 and 17 year old who helped me move. I offered them each $100 in cash or crypto, whatever they prefer. Except, they know nothing about crypto. I am not very good at explaining things. How can I get them started so they can decide?I would do it through my CB account, and hold it for them until they want to take it out.

Submitted July 31, 2018 at 06:51PM

Roger Ver IS LYING About Me [Doug Polk]

https://www.youtube.com/watch?v=sSIdzoEysZ4&feature=youtu.be&t=7m44s

Submitted July 31, 2018 at 05:08PM

Introducing r/CryptoDevs - a new community for Project Teams, Developers, Freelancers and Enthusiasts who are working towards a decentralised future!

We've been working with devs and mods across multiple subreddits to bring you r/CryptoDevs - a discussion forum oriented towards real teams, experienced developers, working freelancers and anyone who is willing to learn about the true technical potential of crypto rather than the price action. Visitors are encouraged to post anything related to cryptocurrency/blockchain development - this include:Smart Contract DevelopersCore Blockchain DevelopersCrypto-related ResearchersCrypto-related ScientistsProject ManagersUI/UX DesignersMarketing/PR (for helpful software, marketing tips, not a promotion subreddit)Also if you are interested in joining the purpose built Discord, here's an invite link: https://ift.tt/2LH6G2L forward to seeing you guys over there!

Submitted July 23, 2018 at 03:13PM

Tron plans to set up first office in India, Justin Sun reveals how company survived China’s ICO ban

https://ift.tt/2KcGzPN

Submitted July 31, 2018 at 06:33PM

"The End Of Fiat" a recent piece I have been working on.

https://ift.tt/2NZ1NCY

Submitted July 31, 2018 at 04:32PM

Vitalik Keeps Saying It. A lot of others say it too. Let's Get Real. Crypto and Blockchain Has a Major Problem Problem We Need to Address Immediately. Here's How I Think We'll Do It.

Let's get real. [Vitalik talks about this constantly]. The cryptocurrency/blockchain community has a cultural problem.Edit: Links here suck. I put quotes around them so you can spot them out. I did a lot of research for this post.Edit #2: Put square brackets around links. Now they should be clearly visible.TLDR: The ills Vitalik talks about are primarily about psychology. New scalable solutions can fix it partially, but we have to deal with people first.Before I dig deep into this post, I want to let you know what it's about. Yes, you'll see some emotional content. You'll see ideological ideas. However, this post ain't about ideologies. It's about something I deem as a real problem. Its about the corrupt mindsets that we have as community since the prices spiked early 2017. To advance forward, I want to analyze them, distill the problem into the most basic form possible, then point people into a direction I deem would be good for the cryptocurrency community. The format will go like this:My history with Crypto/Blockchain. Why I'm here in the first place.My analysis of the problem Vitalik talked aboutMy perceived solution to the problem.The steps I've already taken towards the problemWhy I'm HereTime travel back into pre-2017 and you'll see that the cryptocurrency/blockchain community was filled with hopeful young nerds that dreamed of making the world into a better place; A much more open, peaceful and freer place. I was going through a hard time with my life 2015-16 -- my twin died, I was on the verge of going homeless with nobody else to rely on, had to go unbanked in America, almost entirely dropped out of college and my first contracting business failed. I couldn't get my life right at all, and I didn't see any hope. The future was bleak to me. However, I found people here in the blockchain community actually trying their hardest to do things that would solve the world's problems, [even if that was mainly reporting the news for people and addressing people live in chat to create a community]. That drew me in well before the price of cryptocurrencies spiked; almost in a manic like way -- I read about it constantly, practiced solidity, talked to everyone I could that would have the capacity to understand cryptocurrencies and more.Even now, when I attend conferences, I meet good-hearted, sleep deprived developers, marketers, business owners and specialist that aim to solve the world's greatest problems in the best ways they can. Many are in small corners of the world helping each other out. Inside of this community I found hope and meaning. My depression lifted, my anxiety went away, my life got back on track, and that hope propels me though the field years since I joined this movement. I'm now more confident than ever knowing that collectively this industry will possibly be the epicenter of change for not only money, but for everything. We'll [eliminate poverty], [solve global warming], [prevent hyper-inflation like we've seen with Venezuela], [improve supply chains] around the world, improve healthcare, and solve the [social ills of the world like corruption]. That's just the tip of the iceberg. I believe intensely in the vision set for crypto.The community is filled with brilliant people that will make a difference. That excites me.I'm for freedom, boosting happiness of individuals, increasing health, making life more fun and less stressful for the common person, open discussions to progress everyone forward, and a more livable planet. I'm thinking of all people and I'm not against any group. However, I'm not for FUD, greed while abusing others, bigotry, trolling, hatred, racism, evil acts and stealing. Those are against my values. I think that's against the values of many of the cryptocurrency community's foundational members.A problem we can't ignoreIn 2017, as the prices exploded and the returns grew in for the average person, I noticed the community was starting to get tainted. People were no longer focusing on technology, freedom and community. No longer focusing on creating better lives for people in their communities around the world. We were missing the altruism I originally felt in the community. [If I were in Vitalik shoes, where I'd invest 80-100 hours a week into a vision, I'd feel extreme frustration too]. People are instead focusing on [needless politics], searching for the next big price pump, the next big score. Instead of people figuring out about how to use blockchain and crypto for making people's lives better, I've heard people say HODL and scam more than I ever have in the history of the community. This saddens me and frustrates me at the same time. On one end I see great potential and beauty in the community, and at the same time I see the beast within us come out that hasn't been even thought about deeply enough to be accurately tamed. Trolls, profiteers running away with ICO money, market manipulators and scam artist ruining the reputation and progress of the community.While I could complain about what I see, I decided to instead dissect it in this post. I wanted to know what's causing this on a larger scale. See, by training I'm a psychologist, social scientist and computer scientist. I've been transitioning over to economics and data science because I feel it's a solid cornerstone of the industry. My perspective will be coming from those first. Allow me to explain. If our community is going to "grow up and actually solve problems", the corruption of minds because of money needs to be fully explored first.Only by understanding the problem thoroughly can we solve it.Explicitly stating the problem: Its the extreme predatory, egotistical, harsh behavior we as a community have adopted.The Psychology And Behavioral Science Of FinanceLet's start with the biggest premise. Money is an idea. It exist because people communicate, produce, share, trade, have scarcity for goods and have needs. Money is an ideological binding agent for people.It helps us exchange two irrelevant things with a mediumHelps us do more things in knowing the value we hold will help us improve productivity in the futureHelps us determine value in an abstract wayHelps us navigate the world.Money is about as social and psychological as anything in the world can get outside of direct human interactions. Coincidentally, this psychological/social aspect isn't talked about very much inside of the cryptocurrency landscape. However, it's the foundation of everything we have here today. If we can't talk about how money is connected to the mind, we can't solve the maturity problem Vitalik was talking about. My intent is to explore that deeply so a firm direction can be at least set.Money and the MindOur mind is complex. Beyond the usual processing of information people have (our 11 senses), we people have 2 primary centers for decision making and control.Limbic SystemThe first one is the limbic system. It has gone by the nickname of "the lizard brain" in recent history. It's responsible for storing memories, handling stress responses, attention and emotional processing. In a sense, it controls all of intuition and fast heuristic choices you make.https://ift.tt/2v0Gfyu CortexThe second system is known as the prefrontal cortex. It controls higher order functions such as planning, reasoning, serial processing and how we think about emotions.https://ift.tt/2NXyHDP two centers are not mutually exclusive. You brain has circuits to make decisions about everything. The two parts talk to each other to do so. Any dysfunction in behavior is usually due to a lack of communication between these two decision centers, rather than a lack of communication between the centers of your brain. This is heavily seen in mental disorders. According to the book [Upward Spiral ], a book that looks at mental disorders from a neuroscientific view and explains how to reverse the ill effects of them, here's now some disorders can play out inside of our heads:Depression -- A poor link between the Anterior Cingular Cortex and PFC. It means you will notice more negative and therefore act on negative impulses and thoughts.Dissociation -- A poor link between the Anterior Cingular Cortex and Anterior Insular makes it so your attention can't be accurately directed towards yourself. There will likely be a poor understanding of pain and out of body experiences. It can be reversed with meditation and yoga.How Crypto FitsThis should hopefully be the first question we have. It's easy to only pay attention to the ill behaviors of the more recent cryptocurrency industry and say "shame on you!". But what if people had a hard time actually controlling themselves? Inside of the book Upward Spiral, Alex Korb, the neuroscientist that wrote it explored that people with depression and anxiety had a hard time not being depressed and anxious by choice. Because the depressed person's circuitry is skewed, they act on it subconsciously in a forever perpetuating loop. In fact, the only way to reverse depression is to reverse the circuitry that holds it together.Part of what makes anti-depressants more effective is that the serotonin improves sleep and makes a person's brain more susceptible to positive changes. That would be doing things like doing gratitude journals everyday to make your anterior cingular cortices notice more positive events, being around people who love you to boost your serotonin and cut down stress hormones, or getting a little exercise everyday to send oxygen to your brain.So that leads us back to the original question. What if people didn't have a fully conscious control over how they acted about money and crypto? I did some research between many different articles and found that this was absolutely the case. People don't have much control. They tend to be on extremes of some end all the time.How Does Finance Play With The Brain?Of the many ways, there's one key way it does. Money plays with people through the the hypothalamus stress response. It charges people into fight or flight mode, and can literally destabilize the homeostatic systems. This can do all sorts of things. It can make the anterior cingulate weaker in strength (known to help us control emotions and learn), and therefore reduce the power of our prefrontal cortex. When people are stressed about finance, or even excited about it, it will put people into extreme states. [Meaning the lizard brain takes the show]. That can make people easily make haphazard decisions.Of course, there's other things that happen with the introduction of more money, but that IS the most intense thing to take note of.If we want to solve the problem of relinquishing poor community, like Vitalik continuously makes comments about, we need to look at the problem in this way. If we don't see it this way, we're screwed. The problem wont be solved, companies like Microsoft will continuously kill off their implementations due to price fluctuations, the cryptocurrency community wont pass go and wont make a huge impact. Instead we'll blame, shout at each other, and create another Wall Street 2.0. In fact, we'll become worse than them. We will have more leverage over resources than any other group in history and the corruption will be strong.Money affects decisions, period.Solving the Cultural problemI'm nervous. As I type this response, I know that by revealing my idea to the public I could be condemned by the community for "shilling", and even worse, somebody else can pick it up and run with it. That is the most nerve wreaking thing I could ever consider. Months of 80 hour weeks and extreme sacrifices to bring out a vision because I didn't see much of a choice. If we don't remove what limits us soon as a community we will get engulfed by outsiders that don't want to create virtuous society.My solution: Algorithmic TradingNow, before you tell me that the market is entirely unpredictable, I'd like to be one to say that the notion is false. We see everywhere that people using AI and more complex forms of math to be able to make reasonable gains in the financial world. Companies like Bridgewater predicted the financial crash of 2008 with reasonable accuracy, and other people like [mathematicians are able to do the same]. Realistically, the market has some degree of predictability. However, much of the access to that is limited.Even beyond that, the financial industry is one of the only social fields that is highly transparent to many actors, through the news and price information, and reflects ideas and beliefs through the markets. If we can better analyze markets, we could discover all sorts of social phenomenon that previously made no sense. With algorithmic trading we're heavily incentivized to learn, as that will produce a direct outcome of earning money.We could better solve the social ills of the world quickly and efficiently over time. On top of that, we will be able to stabilize the market and protect against bad agents if algorithmic trading becomes coordinated and effective enough throughout the industry.Again, How Does it Fit With Cryptocurrency?Bitconnect could answer how automated trading fits.Before I continue, let me be clear. People lost their money through that scam. It was awful. I know some people that had a lot of money taken from them. Many of them are now fearful of cryptocurrency.However, I don't think Bitconnect was 100% wrong with their idea. Yes they were a ponzi scheme, yet realistically many of the people I met that fell for it felt as though the crypto markets were already complex. They were losing money while HODLing, making rash decisions and trading.Bitcoin and the entire industry carries too much of a cognitive burden for a person to keep track of beyond their normal everyday life. News, prices, scams, hacks and technical information. That's a lot to keep track of if you have 3-4 part-time jobs as a single mom or dad while raising 2 kids. That's a lot to keep track of if you're old and don't have the technical capacity to read into the crypto markets all day everyday.Therefore, even while people were making less money from investing into Bitconnect, on paper it required less thinking and they were still getting benefits that they cared about. They could share with friends because they thought that there money would not shrink in value heavily due to a random market crash. As a consumer, it isn't wrong to believe that you can be apart of something big without having to work an extra 5 hours everyday reading blogs and watching youtube videos just to keep up with the happenings of the industry.It doesn't require us to be judging people for falling into a ponzi scheme. It requires a bit of caring and empathy to see people's main intentions. They want a better life compared to the one that has been crushing them with student debt and poor job prospects. People want to have a better life without being as stressed beyond belief like they currently are.And for the everyday trader, giving them the incentive they seek, while giving them the capacity to do some research for themselves is important. Choice matters a lot for some people.Steps I've taken towards this:Here comes the shill part you've been waiting for. Over the last year I've been building an application that would help us solve the problems we face today as a community. It I'll reduce the stress response of people worrying more about money, with technology like it getting standardized throughout the entire industry, it'll make things a lot more stable. It's an automated AI-based trading platform that aims to make reduce the cognitive load and worry about holding your funds in crypto. The aim of it is to dynamically trade for people while also letting them have 100% control over their funds. For now, that's by using exchange API keys. Though in the future, that can be through decentralized exchanges, meaning no middle man.My product's name: It's [Funguana.com]. [Internally meaning the interconnection of all Dhrama in the Huayan Buddhist religion].I've already received controversial reviews, and feel crazy for putting it back out there. However, I'm now confident I can follow through, and maybe by explaining my reasoning behind why I built it the community will respond differently this time.To make it more trust-able, 4 months after public release, if my resources allow me to, I plan to open source the infrastructure code so people can implement their own platform within a matter of weeks, then systemically open many of the algorithms so they can appropriate powerful algorithms together over time (many not based on AI). I have to be strategic though. If I open it too soon, too many bad actors can enter the space and cause havoc early, without much chance to keep them in check.Edit: I made changes to the page to make the links more obvious. Now they're in bold and italicEdit 2: Adding quotes to make links more obvious again.

Submitted July 31, 2018 at 01:48PM

Thailand’s Largest Movie Theater Chain Will Accept Cryptocurrency

https://ift.tt/2ApnnOV

Submitted July 31, 2018 at 05:24PM

SEC’s newly appointed top official hopes crypto users to "come into compliance”

https://ift.tt/2LFNB5a

Submitted July 31, 2018 at 05:17PM

Cryptocurrency Bank goes public after losing $134 Million in Q1

https://ift.tt/2NZ1M1S

Submitted July 31, 2018 at 04:48PM

The Internet of Things (IoT) and Blockchain Could Be a Match Made in Heaven

https://ift.tt/2M2wczE

Submitted July 31, 2018 at 02:10PM

Bittrex will open USD trading very soon!

https://ift.tt/2K97gVq

Submitted July 31, 2018 at 12:44PM

(ARK) ACES Releases Fast (Ansible) Deployments for all ACES Applications.

https://ift.tt/2ArpVvW

Submitted July 31, 2018 at 07:48AM

Jim Cramer reveals dirty tricks short sellers use to manipulate stock prices down (also relevant in crypto)

https://www.youtube.com/watch?v=VMuEis3byY4

Submitted July 31, 2018 at 06:04AM

Daily Discussion Megathread - July 31, 2018

Welcome to the Daily Discussion Megathread. Please read the disclaimer, guidelines, and rules before participating.To see the latest Weekly Skeptics thread, click hereTo see the latest Weekly Support Discussion, click here 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 excercise utmost caution before acting on any trade tip mentioned here.PnDs and brigades are not sanctioned by the mod team in any way as they violate rule III. If you discover this thread is being used for these activities, bring it to the mod teams's notice via the modmail. 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. Guidelines:Questions, debates, meta issues, etc are all welcome.Breaking news should be posted separately from this thread. Resources and Tools:To view live streaming comments for this thread, click here. Account permissions are required to post comments through Reddit-Stream.com.Click the RES subscribe button below if you would like to be notified when comments are posted.Consider checking out our Weekly Skeptics Thread for discussion focused solely on critical analysis. Click here and select the latest thread on the search listing. Thank you in advance for your participation. Enjoy!

Submitted July 31, 2018 at 12:46PM

Why I no longer support Bitcoin

Will prob get downvoted to hell by maxis.. here we go:Initially, Bitcoin’s appeal to me was not to just to be able to send money globally, “fast”, for a “fair price”, “with no intermediary” – most of which I now know to be untrue. Bitcoin mainly represented the liberation from the system of financial control established by debt. It was the fact that no one would be able to profit from the money system at the cost of others. It was supposed to be a fair money. However, what I observe is that Bitcoin is just a new make up for the system we currently live in. Here’s why.Banks, the controllers of the global financial market, are able to ever extend their wealth through the use of debt. Debt in its current form is the best investment someone can make, especially if you have the brute power (military might) to enforce your credits. There is no risk of default when you can just beat the hell out of your debtor to get enough assets. Today, when you lend money and charge interest, you are multiplying money with little to no risk. Debt is a mechanism that allows for effortless and endless income. When you lend money, you don’t need to produce 1% more to profit. You transfer the obligation of productivity to another person, that now has the burden to literally create / produce 1% more than they did before, or else lose money to you. Charging 1% interest is waaay easier than increasing production by 1%+. If increasing production was so easy, society would know no poverty.Even if debtors default and have no assets, banks are still gonna get payed, they just print more dollars, passing the responsibility of the risk they mistakenly assumed into the population, to be slowly payed through the years. We live in a rigged system where Banks suck value out of their “costumers” and are not allowed to go bankrupt due to bad management (like any other company in any other industry). Bankruptcy is natural selection in the market. Bad companies fail, and that is a good thing. It allows the market to restructure itself, to transfer value from inefficient / bad players to more efficient ones, and come back stronger. By constantly bailing out bankrupt / bad companies, we are insisting in a proven mistake, and going against the natural forces of the market, at a very high cost - only to the benefit of the banks themselves.The current scenario is one where the (i) maintainers of the global financial system (Banks) (ii) profit endlessly and effortlessly (iii) by slowly sucking out value from the network of participants (inflation through debt). What many fail to see is that the Bitcoin protocol reproduces the same aspects of the flawed current system, but with a different format.The new (i) maintainers of the system (Miners) will profit endlessly and effortlessly (turn on a machine) by sucking out value from the network of participants (inflation by block rewards + wealth concentration through fees). This allows for value to go to people who produce nothing (but new ASICS to ensure their monopoly position / status quo). In the long term, if protocols like Bitcoin, which are both centralizing in terms of Consensus Participation and Wealth, become predominant in the economy, we won’t correct / fix the mistakes we currently observe, but only enforce them.If only new network participants could be equally rewarded, it would be fine. However, the system is so broken that the barrier for entry is too high – and so are the costs of keeping up with competition, forcing many miners to LEAVE THE ECOSYSTEM. Today, only a few people are able to mine without considerable cost – which will only increase in the future. The centralizing nature of Bitcoin ensures that early entrants in the mining space have an increasing edge over late adopters. This first mover advantage allows initial players to increase their influence proportionally to the growth of the network. As network value raises, they can afford even better and faster computers, increasing their share of the hashpool – creating never-ending centralization spiral. Such concentration is enforced by the open or secret development ASIC miners which are only accessible to a few members of the industry, further increasing the competitive asymmetry between participants. Sadly, a greed based incentive model inevitably creates a breach to systemic corruption and overlapping – which has already taken root.Currently, there are three main pools in the Bitcoin network, the biggest being Bitmain. Today, it is valued at 14b, and made a Q1 profit in 2018 of +1.1B USD. What many don’t realize is that Bitmain is not invested in the Bitcoin network. It cares not for its tokens or participants - most of the BTC they mine gets instantly dumped in the market. As a COMPANY, ran by businessman, it cares only for PROFIT. They are only invested in (i) Mining the most profitable chains and (ii) HARDWARE sales, which can be used to support any minable blockchain. Bitmain does not support any network but maybe their own (Bcash). If Bitmain wishes to, it can easily cheat BTC-like protocols, create coins from thin air and crash the system. They can do all this and switch to another protocol WITH NO PENALTY WHATSOEVER. They will still be the most sought out Mining hardware supplier in the world. BTC-like protocols are at the mercy of a single company. It is not decentralized, but EXPLOITABLE, UNRELIABLE, FLAWED and DOOMED to FAIL. The fact that those who exert the most power over the system have NO SKIN IN THE GAME whatsoever makes it even worse.Many say Bitcoin is money like Gold. While they do share many money characteristics, Bitcoin differs from gold in a key one, which originates from Banking: the charging of fees. When you pay someone with a gold coin, the other party receive the whole coin - no part of it gets vaporized and magically sent to the “gods of transactions”. If it did, these people would be the richest people on Earth. What happens in Bitcoin is that miners not only take part of your money for the simple fact of you using it (fees) – they get double rewarded by diluting the value of every other participants Bitcoin by inflating the supply (block rewards). In this sense, Bitcoin is a very costly money, both in short and long term. Although block rewards are programmed to end, transaction fees are a core element of the protocol. Since the system pushes for extreme competition in hashpower, participating effectively in network consensus requires a considerable initial investmentA truly decentralized system would reward every node or user equally. The “meritocracy” argument that contributing with more hashpower = more right to own reward is a shitty one in the end. This flawed greedy approach does not increase network efficiency – on the contrary, it contributes to never-ending centralization and network cost, both in electricity and hardware.I love the liberating nature of cryptocurrencies. I was once in love with BTC, but today, I see it does not reflect the fundamentals it seemed to. If BTC ever gets adopted as the global standard money, it will increase wealth inequality and energy consumption – both which I am against. It is a system in which value does not go exclusively to those who are Productive and de facto add value to the economy. It allows for leeching, and has the same flaws the current banking system has.TLDR: True money should be fair and equal. A means of exchange, store of value and unit of account. Not a tool for profit. Profit should be reserved for those who add real value to society.

Submitted July 31, 2018 at 04:37AM

Almost blew up at a "cashless" bank today

I've long been one that believed in utility crypto projects over payment projects, but I had a really frustrating experience today that wouldn't even be necessary with a real crypto banking system in place.Had a business account with a bank and long story short, they raised their monthly account fee and refused to waive it. So I withdrew my balance and closed the account. Well, Bertha didn't close it and I ended up getting charged an OD (on a business card I didn't know about) on the monthly account fee. Called their 800 number and they claimed they no close was done when I withdrew the entire balance. Rather than continue to fight (I was at work), I mapped the closest location and headed there.I get there and it was a branch inside of a supermarket with a teller and two account specialists. Ask for a deposit slip which she gives and then after filling it out and pulling out my cash to pay and close the account, she tells me she cannot take it because they are a cashless branch. She said she could take money orders and recommended I went out to the supermarket's customer service center and buy one. I almost lost it.I had to then drive across town to another branch that could process cash. I mean, what are we doing here people? A bank wanted me to pay a third party and purchase a money order so I could then make a deposit. In 2018? Whichever moron banking exec came up with the cashless branch idea can shampoo my crotch. Sorry for the rant, but it is experiences like this that make me hope something can gain real world traction and get rid of nonsense like this.

Submitted July 31, 2018 at 07:19AM

Over 5,000 Merchants Are Now Accepting Crypto Payments in Chile After a New Partnership

https://ift.tt/2LOGd6B

Submitted July 31, 2018 at 02:07AM

Monero is about to kill itself, and no one on their sub will listen to me.

BACKSTORYMonero is an ASIC-resistant coin. Recently, ASICs went online their network. So they hardforked their algorithm. But now, they're trying a completely new method of PoW: RandomJS. Instead of solving hashing algorithms, Monero will now be mined by solving random Javascript programs.Great right!?!?! You can't develop an ASIC that computes Javascript code faster than the just-in-time bytecode optimization algorithm in Javascript's engine, and you can't create a program that executes Javascript faster because it's literally had the worlds greatest minds try to optimize it.IGNORNING the fact that it's Javascript, which is flimsy as fuck and has gaping security flaws, IGNORING the fact that an FPGA can implement the just-in-time bytecode optimizer, there is a GAPING FLAW in the RandomJS implementation.(For the technical users, I'm about to explain what's wrong with THIS)If you read that, you'll notice something oddly peculiar; THEY REMOVED THE NEED FOR THE JUST IN TIME BYTECODE OPTIMIZATIONThat's fucking right, they REMOVED THE ENTIRE POINT OF USING JAVASCRIPT by only running the generated code once, because now a user that does NOT choose to optimize their code will have an advantage.Which means: ASICs can develop on the Monero network. Smart programmers will fuck over the Monero network. Javascript will now be the BACKBONE OF THE MONERO NETWORK.So yeah. Here's the source code if anybody is interested. I'm moving to Dogecoin, where at least Đ1 = Đ1.CLARIFICATIONSHow about explaining why you think it doesn't work? In the OP, I see nothing more concrete than sheer incredulity.Because you have randomly generated JavaScript code. Eventually, this JavaScript code will have to do some math. You offload the math to an ASIC and bring back the answer, you are going to be miles ahead of any CPUI have 2 monero, can someone tell me if this is moon or doom?It's not that bad. But it's definitely a bigger deal than people realize.PEOPLE SEEM TO HAVE A HARD TIME FOLLOWING THE LOGIC AND FINDING THE PROBLEM. HERE'S A FLOWCHART THAT EXPLAINS IT.EDIT: It is POSSIBLE that I'm mistaken due to how the JIT optimizer works. If this protocol has any flaw, it would be in how that functions. With that said, JavaScript was not built to do this kind of shit, so it would be a hefty bet..We're getting a lot of /r/Doomero and /r/PitchforkEmperium. This is NOT that big of a deal, because the Monero Research Lab will probably NOT give it the green flag - but it's best to stay educated, discuss and critique regardless.

Submitted July 31, 2018 at 05:35AM

US' first Cryptocurrency investment firm Pantera Capital celebrates 10,000% return

https://ift.tt/2K91wuW

Submitted July 31, 2018 at 12:47AM

Malta, where Gaming meets Blockchain

https://ift.tt/2vfcZUj

Submitted July 30, 2018 at 10:38PM

Can't Wait Till Mom Sees This

https://ift.tt/2K5JjOB

Submitted July 30, 2018 at 10:54PM

Cardano smart contracts testnet is now live!

https://ift.tt/2LIaRib

Submitted July 31, 2018 at 12:13AM

Crumbs App enters public beta! Crumbs allows users to automatically invest their spare change into a cryptocurrency portfolio by rounding-up transactions from linked credit or debit cards to the nearest dollar. This is a great step towards making cryptocurrency more accessible to the general public!

https://ift.tt/2AkS8Vc

Submitted July 31, 2018 at 12:06AM

4 reasons to invest in BAT - An Iconic Founder, the Brave Browser, new partnerships and a possible Coinbase listing.

https://ift.tt/2mRHSKu

Submitted July 30, 2018 at 07:57PM

US’ first Bitcoin investment firm celebrates 10,000% return

https://ift.tt/2NY6jBJ

Submitted July 30, 2018 at 08:49PM

Found one of you on the bus today 🤘

https://ift.tt/2mSsWf6

Submitted July 30, 2018 at 08:25PM

Oyster PRL Mainnet - 25MB filesize increase - File Preview and Sharing with Opacity! - File storage on the Tangle, test it out chargeless! [Community promotional Video]

https://ift.tt/2v0WdJb

Submitted July 30, 2018 at 05:16PM

This is what bleeding edge technical innovation really looks like in a leading Chinese blockchain team. 9pm on an average Monday looks exactly like 9am.

https://ift.tt/2OrbhaZ

Submitted July 30, 2018 at 08:09PM

Mark Cuban Goes Bullish on Crypto Esports Gambling

https://ift.tt/2Lz3OJe

Submitted July 30, 2018 at 07:35PM

Ledger Support for Monero is MAGNIFICENT

https://ift.tt/2K7xJCx

Submitted July 30, 2018 at 05:41PM

Vitalik wants more real world adoption and accessibility, which companies are working to achieve that?

I know I see PundiX working to make PoS easier for cryptocurrency,especially in the Asian countries. Who else is doing things like this? I saw UTK partner with PundiX to bring their crypto payment platform to the masses also.Is this the solution that Vitalik is looking for or do you think he wants something different? Im just curious. Sorry this sounds like rambling lol!

Submitted July 30, 2018 at 05:01PM

Largest bank in Australia (Commbank) uses Ethereum in global trade experiment

https://ift.tt/2Os29CY

Submitted July 30, 2018 at 05:18PM

Explained, Part 3: Sharding in QuarkChain — State Partitioning

https://ift.tt/2LIeHrx

Submitted July 30, 2018 at 04:09PM

Mighty Bull. I've traded some of my coins for this sculpture. I want it to remind me of a good run, but also serve as a monument to bulls of 2017-2018.

https://ift.tt/2LOEw9h

Submitted July 30, 2018 at 04:33PM

Li Xiaolai’s Blockchain Fund Denies Reports of Chinese Government Stoppage

https://ift.tt/2OsurNS

Submitted July 30, 2018 at 04:57PM

China's largest crypto exchange Huobi enters Indian crypto space; Will it give a boost to the top coins?

https://ift.tt/2vhpA9s

Submitted July 30, 2018 at 04:09PM

Pantera Forecast: Bitcoin to hit $67,500 by 2019

https://ift.tt/2NVBzBn

Submitted July 30, 2018 at 12:53PM

Pakistan on the brink of an economic crisis;Cryptocurrency trade volumes start to spike

https://ift.tt/2K84S11

Submitted July 30, 2018 at 11:53AM

Qubic Lite unveils its first qApp and decentralized IOTA game “Tangle Farm”

https://ift.tt/2v1HWMh

Submitted July 30, 2018 at 12:39PM

What’s all the hype about block size, transaction speed, & scalability bottlenecks?

https://ift.tt/2NWs7xr

Submitted July 30, 2018 at 12:37PM

Explanation of how OYSTER’s website monetization will work.

https://youtu.be/uZ5ZnFjV23o

Submitted July 30, 2018 at 10:39AM

Swarm Fund Partners with MakerDAO to Bring Dai Token to Platform

Swarm investors will be able to lock in crypto prices with the world’s first Ethereum-based stablecoin.Swarm (www.swarm.fund), the blockchain for private equity, today announced that it has partnered with decentralized autonomous organization MakerDAO to integrate the Dai token into the Swarm platform. This will give Swarm’s community of accredited investors a greater capability to lock in crypto prices, using the world’s first decentralized stablecoin on the Ethereum blockchain.https://ift.tt/2NKftSh

Submitted July 30, 2018 at 02:59PM

Daily Discussion Megathread - July 30, 2018

Welcome to the Daily Discussion Megathread. Please read the disclaimer, guidelines, and rules before participating.To see the latest Weekly Skeptics thread, click hereTo see the latest Weekly Support Discussion, click here 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 excercise utmost caution before acting on any trade tip mentioned here.PnDs and brigades are not sanctioned by the mod team in any way as they violate rule III. If you discover this thread is being used for these activities, bring it to the mod teams's notice via the modmail. 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. Guidelines:Questions, debates, meta issues, etc are all welcome.Breaking news should be posted separately from this thread. Resources and Tools:To view live streaming comments for this thread, click here. Account permissions are required to post comments through Reddit-Stream.com.Click the RES subscribe button below if you would like to be notified when comments are posted.Consider checking out our Weekly Skeptics Thread for discussion focused solely on critical analysis. Click here and select the latest thread on the search listing. Thank you in advance for your participation. Enjoy!

Submitted July 30, 2018 at 12:51PM

Today is the last day to enter CyberMile's The Last Cube: The CMT Mining Rig.

http://thelastcube.com

Submitted July 30, 2018 at 09:44AM

Ledger launches HODL and RecoveryCheck apps for Ledger Live

https://ift.tt/2LHuaIp

Submitted July 30, 2018 at 07:46AM

Cryptocurrency Exchange Binance Will Offer Crypto Backed Loans

https://ift.tt/2M01WW7

Submitted July 30, 2018 at 03:16AM

Origin Trail (TRAC) - Trace Alliance

https://ift.tt/2NV5FEO

Submitted July 30, 2018 at 04:19AM

"EOS is centralized, in a bad way." - BlockHaven

Anyone with the right judgement would see the major risks posed by EOS's governance system, that is the complete opposite of what a blockchain should be. Allowing a minority of insiders to control everything, including the investor's money is a major travesty and a disgrace to the idea of cryptocurrencies themselves. One can use Ripple as a comparison as an entity having a certain amount of control, but at least they are transparent with their code and do not allow transactions to be reversed or wallets to be frozen. What do you guys think ? Is it normal for an entity to have this much control in the cryptocurrency space ?Here is an interesting text that you guys might enjoy if you want to understand the mess behind EOS:https://ift.tt/2uYBghO you liked this intervention, subscribe to their newsletter, it's free, they never spam and they plan on releasing many research reports in the future.

Submitted July 30, 2018 at 01:47AM

Spotted in Sofia, Bulgaria

https://ift.tt/2LZSjqz

Submitted July 30, 2018 at 02:19AM

Vitalik the Savage

https://ift.tt/2vhZCm4

Submitted July 30, 2018 at 02:44AM

Blocktonic: A new e-commerce experiment using cryptocurrency CMT (CyberMiles). Here's an explainer video from CyberMiles & Blocktonic founder, Michael Yuan

https://www.youtube.com/watch?v=xRfKFxI8bpA&feature=youtu.be

Submitted July 30, 2018 at 01:35AM

The Binance voting competition is one of the most retarded events in the crypto space.

The purpose and the motive seems OK at first. Project which has the best community gets to be listed free of cost by winning a vote, which otherwise costs, or is rumoured to cost, somewhere around $1 to $10m based on various factors.But what this event does is the exact opposite: It turns communities against each other and leads them into a cat fight across social media platforms.Currently there is a competition and it pits LibraCredits, NKN and Mithril amongst each other. While the vote continues, there is also a parallel disgusting smear campaign going on between these coins and their communities and developers, each blaming the other for vote rigging, some of the communities abusing the devs and founders, so on.The clear winner in this competition is none other than Binance itself. At the time of writing, there are around 1,719,930 total votes cast. Each vote requires 0.1 BNB. Thus, a total of 171993 BNB has been given back to Binance in the name of this voting competition, which amounts at current price to over $2.2mSo what is billed as a free listing in fact already net Binance over 2M USD, and that is 2 whole days before the voting closes. If previous voting rounds are any indication, there is massive brigading during the last few hours and Binance can earn probably more than $5m from the whole competition.Previous voting events have resulted in controversy as well, one of the rounds last year had Vertcoin leading the votes comfortably with hours to go, however ZCoin had a huge surge of votes during the end won the vote. At that time, the ZCoin devs had publicly announced a monetary reward, paid in ZCoin to everyone who votes. Vertcoin community, of course angered by this complained to Binance who promised to disqualify cheating; however no such action was taken and ZCoin was listed on Binance.In the current vote as well, Binance has claimed it will investigate cheating; however it is hardly of any worry to Binance when they keep earning for each vote while the communities engage in a smear campaign to tarnish each other's image.Such a competition does nothing for crypto itself, apart from promote a herd like mentality that crypto is already well known for.

Submitted July 30, 2018 at 12:47AM

Bitcoin.org takeover attempt - Bitcoin Cash & Bitcoin drama - "Bitcoin.org" removed from Bitcoin Core's BTC Bitcoin software client

https://youtu.be/1fKKON7YYBQ

Submitted July 30, 2018 at 12:25AM

MCO Visa card test at the ATM

https://twitter.com/MCO_Crypto/status/1022766832418082816

Submitted July 29, 2018 at 10:46PM

"Spotify is Doomed to Fail" According to emusics CEO

How can a giant like Spotify just keep losing money, yet increase its user base every year? Is it just FUD?"No matter how many subscribers they add, the company will never enjoy the fat profits of other tech firms. Right now, the streaming service have yet to make any money and, if they ever do, it’s a safe bet the music industry will find a way to claw it back in the form of higher royalties. It’s much like the baker being totally beholden to a flour supplier that raises its prices every time donuts are on the verge of being profitable"( Fortune.com by Jeff John Roberts). What is going on with Spotify? It apparently doesn't matter how many subscribers they add, the losses are still bigger than their gains with each quarter. Is this the beginning of the end for traditional streaming companies? will block-chain help overcome the music industry's most challenging issues such as; Royalty payments & Copy rights hardships?

Submitted July 29, 2018 at 11:42PM

Winklevoss rejection aside, the SEC still likes Bitcoin

Winklevoss rejection aside. the SEC still likes Bitcoinhttps://cryptomarket360.com/winklevoss-rejection-aside-the-sec-still-likes-bitcoin/

Submitted July 29, 2018 at 10:10PM

Vitalik on Twitter: "I think there's too much emphasis on BTC/ETH/whatever ETFs, and not enough emphasis on making it easier for people to buy $5 to $100 in cryptocurrency via cards at corner stores." Personally, I think both are necessary & we need to make crypto more accessible. What do you think?

https://twitter.com/VitalikButerin/status/1023571651865137152

Submitted July 29, 2018 at 11:00PM

List of Today's and Tomorrow's Upcoming Events

I will be bringing you upcoming events/announcements every day. If you want improvements to this post, please mention /u/houseme in the comments. We will make improvements based on your feedback. https://kryptocal.com | /r/kryptocal | Android | iOS | Telegram Interactive Bot (add cryptocalapp_bot) | Telegram Channel @kryptocal ADD AN EVENTIf you like an event to be added, click Submit Event, and we will do the rest. NEXT DAY UPCOMING EVENTS GeneralAerium(AERM)WhitepaperJuly 29, 2018PhillyTech365July 30, 2018SCRIV Coin BurnJuly 30, 2018TRON(TRX)Secret Project LaunchJuly 30, 2018Everus(EVR)Everus (EVR) Peer-to-Peer MicrofinancingJuly 30, 2018Bitcoin White(BTW)Bitcoin White (BTW) DAO ModuleJuly 30, 2018Ravencoin(RVN)Testnet AssetsJuly 30, 2018Blocklancer(LNC)20 Million LNC BurningJuly 30, 2018 Software/PlatformsBastonet(BSN)New WebsiteJuly 29, 2018Metal(MTL)Metal Crumbs Soft LaunchJuly 30, 2018LockChain(LOC)App IntegrationJuly 30, 2018SureRemit(RMT)SureRemit LaunchJuly 30, 2018Level Up Coin(LUC)СLosed Alpha TestnetJuly 30, 2018 BlockchainsCashaa(CAS)World Blockchain CongressJuly 29, 2018 12:00 AM - July 30, 2018 11:59 PM MeetupsLympo(LYM)Istanbul MeetupJuly 29, 2018Pundi X [NEW](NPXS)Meetup with MerchantsJuly 29, 2018 Air DropsPROUD Money(PROUD)Weekly Giveaway AirdropJuly 29, 2018 ExchangesTokenomy ListingJuly 30, 2018FuzeX(FXT)Coinbene ListingJuly 30, 2018 12:00 PM - 11:59 PM ConferencesTriggers(TRIG)AMAJuly 30, 2018World Blockchain Roadshow Asia Part 2 (Hong Kong)July 30, 2018 2:35 PM - 6:35 PM Bounty ProgramsLBRY Credits(LBC)LBRY-C Live Video ContestJuly 30, 2018 12:00 AM - August 13, 2018 11:59 PM  

Submitted July 29, 2018 at 09:02PM

Binance partners with Libra to offer loans to BNB holders

https://ift.tt/2Onq1HT

Submitted July 29, 2018 at 01:57PM

Warning: HITBTC Exchange locking user accounts with no desire to process KYC.

https://ift.tt/2LFGWHp

Submitted July 29, 2018 at 09:22PM

Blockport (social crypto exchange) eliminates fiat deposit fee!

https://ift.tt/2NSCPVC can sign up for the beta here - https://ift.tt/2LNdEGO

Submitted July 29, 2018 at 09:52PM

The gold standard

https://ift.tt/2LXLjdL

Submitted July 29, 2018 at 07:47PM

I thought us cryptocurrency investors take too many risky bets

...until I stumbled upon r/wallstreetbets. I must say it’s a highly entertaining sub, but goddamn, every day I see a 100-500k all-in put or call option (very risky trade that can make you lose a lot of your money but sometimes 10-25x your money overnight).I admire some of their balls but how can people actually do this while sleeping peacefully at night?

Submitted July 29, 2018 at 05:10PM

HitBTC; Pathetic

r/hitbtcHi, just wanting to put some pressure on the HitBTC trading platform as so far, theyre the worst platform i have come across. Now i know everyone says dont use them, but in the early days of my trading i wanted certain alts which they traded, hence me using them.IF ANYONE IS READING THIS AND IS NEW TO THE SCENE, DO NOT USE HitBTC, they will take your deposit, and keep it within their site without letting you withdraw when you desire, their customer support is appalling.I have been waiting for over 4 months to get IOTA and KMD from the exchange with no help from customer service (https://ift.tt/2LtynQB even tried to contact devs to remove HITbtc from recommended exchanges on their website (https://ift.tt/2vdAkpm only responses i have got from a HitBTC advisor is that the trading of these coins are still available, crazy thing crypto is about investment for me, i want them off your poxy hell hole of an exchange.I have been recommended by a KMD mod to post this here for some attention that might make hitBTC get a move on; this is not how it should work.Has anyone got any advise for me or others that have been waiting months to make their coins safe, other than don't use HitBTC?

Submitted July 29, 2018 at 06:16PM

Antwerp, Belgium.

https://ift.tt/2K4FtoY

Submitted July 29, 2018 at 05:40PM

Facebook & Twitter Stock Prices drop a whooping 20%! Stock Market is a BUBBLE! Invest in Crypto!

https://ift.tt/2vbzGsi

Submitted July 29, 2018 at 03:44PM

A great Twitter thread from Todd Goldberg on the power of non-fungible tokens and how they are developing

https://twitter.com/toddg777/status/1022793622779883525

Submitted July 29, 2018 at 01:52PM

State of cryptocurrency sentiment today ;)

https://ift.tt/2Opom4A

Submitted July 29, 2018 at 12:15PM

Weekly Support Discussion - July 29, 2018

Welcome to the Weekly Support Discussion thread. The goal of this thread is to provide support for new users and resolve wallet and exchange issues.To see the latest Daily Discussion Megathread, click hereTo see the latest Weekly Skeptics Discussion, click hereGuidelines:Refer topics such as uncertainties, shortcomings, concerns, etc you have about crypto related projects to the Skepticism Discussion thread.Refer topics such as price, gossip, events, etc to the Daily Discussion Megathread.Please report promotional top-level comments or shilling.Please be level-headed and patient. People may take some time to respond. These are other volunteers who help make the community a better place.Please include as much information as possible in your support request. It's much easier for people to help you if they can pinpoint what's wrong.Rules:All sub rules apply in this thread.Discussion topics must be on topic, ie only related to new user activities and support. Shilling or promotional top-level comments will be removed. For example, giving the current composition of your portfolio, asking for financial adivce, or stating you sold X coin for Y coin(shilling), will be removed.Karma and age requirements are lessened here, yet still in effect.Resources and Tools:Click the RES subscribe button below if you would like to be notified when comments are posted.Consider reading or contributing to r/CryptoWikis. r/CryptoWikis is the home subreddit for our CryptoWikis project. The objective is to give equal voice to pro and con opinions on all coins, businesses, etc involved with cryptocurrency.https://ift.tt/2K1goMR you in advance for your participation.

Submitted July 29, 2018 at 01:13PM

Daily Discussion Megathread - July 29, 2018

Welcome to the Daily Discussion Megathread. Please read the disclaimer, guidelines, and rules before participating.To see the latest Weekly Skeptics thread, click hereTo see the latest Weekly Support Discussion, click here 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 excercise utmost caution before acting on any trade tip mentioned here.PnDs and brigades are not sanctioned by the mod team in any way as they violate rule III. If you discover this thread is being used for these activities, bring it to the mod teams's notice via the modmail. 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. Guidelines:Questions, debates, meta issues, etc are all welcome.Breaking news should be posted separately from this thread. Resources and Tools:To view live streaming comments for this thread, click here. Account permissions are required to post comments through Reddit-Stream.com.Click the RES subscribe button below if you would like to be notified when comments are posted.Consider checking out our Weekly Skeptics Thread for discussion focused solely on critical analysis. Click here and select the latest thread on the search listing. Thank you in advance for your participation. Enjoy!

Submitted July 29, 2018 at 02:01PM

3 Years Since Ethereum Launched!

This time 3 years ago Ethereum launched. It was trading between ICO price of 30c & 50c if you could get your hands on some. I was busy reading about how it was a 'shitcoin' on the r/Bitcoin subreddit and waited until 2016 to buy.https://ift.tt/1SkhF2Y

Submitted July 29, 2018 at 09:41AM

Bitmain IPO planned for Hong Kong stock exchange. Is Bitmain really worth 35 billion US dollars?

https://ift.tt/2OpJCr1

Submitted July 29, 2018 at 09:25AM

Nasdaq Held A Meeting To Aid In Legitimizing Cryptocurrencies

https://ift.tt/2uV2pSK

Submitted July 29, 2018 at 07:01AM

Would love to hear a banker explain this.

https://ift.tt/2OmLDo1

Submitted July 29, 2018 at 02:08AM

Ripple Executive ‘Thrilled’ that Regulators are Getting Involved in Crypto Markets

https://ift.tt/2AiV9W3

Submitted July 28, 2018 at 10:38PM

Accord project confirms they are working along chainlink for legally binding agreements with external data

https://ift.tt/2OokpNC

Submitted July 29, 2018 at 02:35AM

Holochain – the perfect framework for decentralised cooperation at scale | P2P Foundation

https://ift.tt/2LHmOVc

Submitted July 28, 2018 at 09:37PM

What’s so great about Cryptocurrency?? Well here are a few of my favorite examples:

https://ift.tt/2NRmbG0

Submitted July 28, 2018 at 11:05PM

Addressing Nano's weaknesses (bandwidth usage and disk IO). Nano voting traffic to be reduced by 99.9% by implementing vote by hash, lazy bootstrapping, and reduced vote rebroadcasting (x-post r/CryptoTechnology)

Voting traffic currently dominates the Nano network (vs actual transactions), because of the size of the votes, the number of times nodes vote, and the number of nodes those votes get rebroadcasted to. This reduces node throughput, makes it harder for low-end nodes to survive increases in transaction traffic, and reduces overall network scalability.The Nano devs are now implementing a number of interesting solutions that should drastically reduce the voting bandwidth (99.9%) and required disk IO of the Nano protocol, which are the network's two biggest bottlenecks.Vote by hash - Initial reduction from 40 kilobytes of voting traffic per block to 600 bytes per block (98.5% reduction) by not including the full block in each vote and only using the block's hash.Lazy bootstrapping - Right now a block may get voted on thousands of times during it’s lifetime by nodes that don’t actually care about the block or chain it’s on — AND they’ll vote on other blocks which reference that block indirectly, leading to thousands of unnecessary votes. Passively listening for blocks and only pulling down chains that a node cares about solves this, and drastically reduces overall voting traffic.Vote stapling - Votes by reps are signed and distributed with blocks, so that when a node gets a new block that has already been voted on, it will no longer request voting confirmation once more from the representatives. The votes will be sent in a bundle with minimal vote traffic.Vote rebroadcasting - Since v13, the redundancy of nodes voting 4 times on each block (which in turn are rebroadcast) is no longer needed. This is because nodes now automatically seek them out if they're missing. This leads to lower votes, fewer relays, and will decrease network traffic by 75%.TL;DR:Nano is about to get a lot more scalable (99.9% less voting traffic). Stress tests will follow.Sources:https://np.reddit.com/r/nanocurrency/comments/910kyk/nano_network_status_update/https://youtu.be/i5d7ZZZ99b8https://medium.com/nanocurrency/developer-update-7-23-2018-e7941346bd0f

Submitted July 28, 2018 at 10:08PM

ENJ Enjin launches mainnet

https://ift.tt/2K2m5ZZ

Submitted July 28, 2018 at 04:49PM

Pope rejects doctrine of Paypal Infallibility, goes all in on crypto

https://ift.tt/2NOVYrK

Submitted July 28, 2018 at 08:15PM

Sign the petition to get Ross ulbricht a fair trial. A pioneer of crypto needs help.

https://ift.tt/2LfXV2P

Submitted July 28, 2018 at 04:54PM

Shitt reddit says:

"Wait until institutional money comes in""We're still early adopters""1000$ EOY""muh partnerships""xxx is the new Antshares""xxx is the Ethereum killer""It wasn't Satoshi's vision""Bitcoin is the best, the rest is a scam""I'm down 99% but it doesn't matter because I'm for the long term""I cannot trade hence shorters are idiots""Blockchain 5.0""BCH/TRX/Verge/EOS is a scam""Such an undervalued coin""Am I gonna make it?""Here's my chart analysis""The market needs to mature""It's a game changer""The crash was caused by international beer festival""Wallstreet bonuses are coming, fasten your seatbelts!""Some millionaire said something about Bitcoin, bull run incoming""This bear market won't last long, here's why""My aunt talked about Bitcoin, bull run incoming""This is good for crypto and here's why"(shitcoin crashed by 99%)"I love those cheap coins""The team keeps delivering"(shitcoin crashed by 99%)"I'm out of fiat, I'd buy more""To the moon!"""The stock market is a device for transferring money from the impatient to the patient""(shitcoin crashed by 99%) "good that the coin crashed, it will shake out the weak hands"(shitcoin crashed by 99%)"gotta buy more of the cheap coins"(shitcoin crashed by 99%)"it's not about the short term price, the fundamentals are solid, great team and active github""2018's sleeping giant"

Submitted July 28, 2018 at 04:56PM

The first ERC-1155 tokens have just been minted and they are backed by over 3.8 million ENJ!!

https://ift.tt/2NTRhwP

Submitted July 28, 2018 at 04:29PM

Steemit - QuarkChain AMA with OhHeyMatty transcript

https://ift.tt/2OlvOxD

Submitted July 28, 2018 at 03:07PM

Interrupting your normal transmission.

https://ift.tt/2K1NqLN

Submitted July 28, 2018 at 03:39PM

SCAM! McAfee is promoting a new "unhackable" hardware wallet. Dont fall for it. The CEO of this hardware wallet was also previously under the SEC scanner.

So Mcafee is now promoting a hardware wallet.https://twitter.com/officialmcafee/status/1021805449681817600Firstly, the so called "unhackable" is just another marketing gimmick for even the best cryptography can be hacked if enough resources are spent on hacking it. Using such terms should really amount to fradulent practice, but hey unregulated market so who gives a shit right?This is a research article that exposes the flaws in the approach used by BitFihttps://rya.nc/bitfi-wallet.htmlTo summarise some of the concerns:BitFi claim its an open source wallet. But they havent released the fucking code. All they have released is a 4 page PDF with generic outline of crypto algorithms. What are the components and the code used in the hardware wallet, no one knows.2.Their so called unhackable wallet is just running BIP 32 deterministic key code. The hack and win $100k challenge is more like asking someone to hack the private keys of an address. Thats not how hacking works in crypto. Its no better than relying on the security provided by Bitcoin itself. In cryptocurrency, an attacker does not need to guess your private key at all. There are hundreds of other ways to steal coins. To hack something the hacker must at the very least know the code. This challenge is intended to fool people who are not aware of crypto and trick them into believing this nonsense.This wallet company even outlandishly claim "our security is absolute and that the wallet cannot be hacked or penetrated by outside attacks". Funds are safu... till they are not. If they are so fucking confident, where is the insurance and legal warranty that funds are safe? No, nothing of that sort. Just empty promise and a ridiculous challenge.BitFi's CEO one Daniel Khesin was under the SEC scanner wherein he is alleged inter alia to have violated duty to shareholders, physically taking control of the company's headquarters and misappropriating company's property after his termination from the company.With crypto growing at a fast pace, hardware wallets are in demand. ledgers and trezors sell out in days. This is the ideal opportunity for shady companies to make BS claims about their hardware, fool the masses and sell snake oil.Last but not the least, any crypto company choosing to hire McAfee for promotion needs to be seen with suspicion. Its really guilty until proven otherwise. No one is in a hurry to forget all the PND scams McAfee has been involved in. Since the SEC's crackdown on celebs promoting ICOs and shitcoins, his stream of income has died down and this is nothing but a meek attempt to revive his image by promoting the least secure hardware wallet product out there.

Submitted July 28, 2018 at 01:50PM

Ethereum goes 'Constantinople' to make its network more efficient and cost-effective

https://ift.tt/2uYut7S

Submitted July 28, 2018 at 12:28PM

Crypto Mom and Crypto Dad follow each other

https://ift.tt/2NOqgL8

Submitted July 28, 2018 at 11:11AM

Daily Discussion Megathread - July 28, 2018

Welcome to the Daily Discussion Megathread. Please read the disclaimer, guidelines, and rules before participating.To see the latest Weekly Skeptics thread, click hereTo see the latest Weekly Support Discussion, click here 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 excercise utmost caution before acting on any trade tip mentioned here.PnDs and brigades are not sanctioned by the mod team in any way as they violate rule III. If you discover this thread is being used for these activities, bring it to the mod teams's notice via the modmail. 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. Guidelines:Questions, debates, meta issues, etc are all welcome.Breaking news should be posted separately from this thread. Resources and Tools:To view live streaming comments for this thread, click here. Account permissions are required to post comments through Reddit-Stream.com.Click the RES subscribe button below if you would like to be notified when comments are posted.Consider checking out our Weekly Skeptics Thread for discussion focused solely on critical analysis. Click here and select the latest thread on the search listing. Thank you in advance for your participation. Enjoy!

Submitted July 28, 2018 at 12:51PM

SEC Commissioner: Bitcoin Is Regulated And Mature Enough To Have An ETF

https://ift.tt/2Omo9zf

Submitted July 28, 2018 at 10:18AM

The Nano devs are getting close to reducing voting traffic by 99.9% by implementing vote by hash, lazy bootstrapping, and reduced vote rebroadcasting

https://www.youtube.com/watch?v=i5d7ZZZ99b8

Submitted July 28, 2018 at 04:16AM

Nasdaq 'holds' secret meeting to legitimize cryptocurrency, Winklevoss twins' Gemini representative attends

https://ift.tt/2mOJS6v

Submitted July 28, 2018 at 02:59AM

PLEASE UPVOTE AND GET THIS TO BINANCE: For the Community Coin of the Month, Mithril (MITH) has been cheating by sending 80,000+ BNB to 160+ different Binance accounts to get 80,000+ votes! Immediate disqualification.

Edits have been made, so I can't post the link again. I've managed to track the 80,000+ BNB to 2-3 addresses. So please click here for the full article and investigation.All the evidence is there and clear as day. Did you think you could get away with it, Mithril?Here's a tweet from the founder:Jeffrey Huang, the Founder of Mithril

Submitted July 28, 2018 at 04:32AM

Top 3 Testnet Launches of 2018

https://ift.tt/2AgCk61

Submitted July 28, 2018 at 02:37AM

Crypto AR - Coding an application for Android, where you can see the latest price +- with Augmented Reality tech. You just look for a Crypto Logo and the info will be shown on the screen. You will add your favorite crypto by your self. Later I can add graph and some other info.

https://ift.tt/2uVFozb

Submitted July 28, 2018 at 12:04AM

The amount of research I do before letting an alt coin into my portfolio.

https://youtu.be/J2uhWTFvug8

Submitted July 28, 2018 at 12:49AM

Heaviest objects in the universe

https://ift.tt/2mTmbdj

Submitted July 27, 2018 at 11:56PM

This warms my heart.

https://ift.tt/2LV9idB

Submitted July 27, 2018 at 10:57PM

CBOE SOURCE: Winklevoss denial is irrelevant, and was expected by us...

https://ift.tt/2LrLeCW

Submitted July 27, 2018 at 08:04PM

ANON is a PUMP and DUMP Scam

ANON is an upcoming bitcoin fork which is lead by "JakeTheCryptoKing". The plan is simple : Provide 1:1 drop to BTC and ZCL holders in order to pump the price of Zclassic. Those who would buy the story of "ANON" will have to acquire BTC's or ZCL, since the price varies as of now by a difference of 1000x, with ZCL being 1000 times cheaper than BTC and both of them providing the same amount of ANON ( Anonymous Bitcoin) at the time of work, gullible investors are expected to acquire ZCL and hence pump up the price.ANON team which acquired ZCL at it's lowest will sell their ZCL at the time of fork.Here's chart of ZCL after Bitcoin Private fork : https://ift.tt/2NMjmpO is trying to repeat what BTCP did with ZCL. You have been warned!

Submitted July 27, 2018 at 08:13PM

Hester Peirce Better get over 500k Followers....

Time to rock these old dinosaurs. Let them know social media can make or break your career.This is how young people vote, she only has like 8.3 k. We got 702k subs here....lets go!https://twitter.com/HesterPeirce

Submitted July 27, 2018 at 08:27PM

Blockport, a hybrid-decentralised social exchange releases its official intro video

https://www.youtube.com/watch?v=eACuQ001eWs

Submitted July 27, 2018 at 08:36PM

Google's new updates ban cryptocurrency mining apps on Play Store

https://ift.tt/2mLQguY

Submitted July 27, 2018 at 06:17PM

97% of the Public Supports Bitcoin ETF Request

https://ift.tt/2mJ71Hp

Submitted July 27, 2018 at 04:26PM

I think I went over board but hey they fit the painting American Gothic

https://ift.tt/2LuNuJH

Submitted July 27, 2018 at 12:10PM

Vechain payout was 1 transaction with 500 clauses! Insane!

https://ift.tt/2uVdfZ7

Submitted July 27, 2018 at 03:32PM

Partner of Stellar Lumens, SatoshiPay takes 'giant leap' to go public on London Stock Exchange

https://ift.tt/2Lum5aH

Submitted July 27, 2018 at 03:56PM

IBM confirms adoption of Stellar on the rise – how will it affect the coin?

https://ift.tt/2NKSqGK

Submitted July 27, 2018 at 03:48PM

Go Like / Follow / Retweet Commissioner Pierce’s dissent to show her some support! (And read it, it’s great). She's the Crypto Heroine.

https://twitter.com/hesterpeirce/status/1022601549309198337?s=21

Submitted July 27, 2018 at 10:41AM

SEC Commissioner Hester Peirce dissents from SEC decision against Winklevoss Bitcoin ETF

https://ift.tt/2NOPEjI

Submitted July 27, 2018 at 10:19AM

Daily Discussion Megathread - July 27, 2018

Welcome to the Daily Discussion Megathread. Please read the disclaimer, guidelines, and rules before participating.To see the latest Weekly Skeptics thread, click hereTo see the latest Weekly Support Discussion, click here 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 excercise utmost caution before acting on any trade tip mentioned here.PnDs and brigades are not sanctioned by the mod team in any way as they violate rule III. If you discover this thread is being used for these activities, bring it to the mod teams's notice via the modmail. 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. Guidelines:Questions, debates, meta issues, etc are all welcome.Breaking news should be posted separately from this thread. Resources and Tools:To view live streaming comments for this thread, click here. Account permissions are required to post comments through Reddit-Stream.com.Click the RES subscribe button below if you would like to be notified when comments are posted.Consider checking out our Weekly Skeptics Thread for discussion focused solely on critical analysis. Click here and select the latest thread on the search listing. Thank you in advance for your participation. Enjoy!

Submitted July 27, 2018 at 01:02PM

Binance issue unresolved for months by support staff. Now I can't even login and access my account

Finally, I got to 100 and got approval from the mods. Thanks for the support guys. Here's the previous link in the daily discussion. https://ift.tt/2LpG7D8 been messaging support here on reddit and on binance. I've gotten no replies. Maybe they'll REPLY here. Please upvote.About 3 months ago, I found out that my email service provider (bulletmail.org) had packed up. As some of you may know, there was no notice of closure. They just upped and left. Try searching bulletmail on twitter and reddit. When I found out, I tried every possible means to contact them because my binance account was registered with my email. I tried all the contacts I found on ICANN (email and phone number). I searched the domain name’s owner “Vasili Butuc” on twitter and facebook. Nothing worked. When I had exhausted all my options, I decide to contact binance support and request for a change of email based on lost access.It took days before they replied me. When they did, they asked for the identification documents, pictures and videos listed on their lost access/email change process. I gave them copies of my driver’s license, videos and pictures of me with my id and note which they acknowledged. Now they insisted I give them a screenshot or forward them an email chain between me and my service provider explaining to them why I had lost access to my email. Something they knew was not possible and this information was public access. I sent them links of the general public complaining on social media and contact details of the email service provider. Meanwhile, they asked for my account registration and 2FA date which I gave them (Luckily, I remembered). I even suggested that I can show that all the withdraw addresses were mine. Yet they kept on insisting and I got tired and I asked for their supervisor. I was also in contact with /u/Abd95 who had a similar issue that was resolved. He asked me to make a reddit complaint post like he did because they had stopped replying my messages. The night I was supposed to do that they finally did. I was transferred to CS Makoto. He/she was a very good fellow; his replies were in hours not in days or weeks like the rest. He asked for my transaction history screenshot and electricity bill which I gave him. He then told me to do level-2 verification and wait 7 days which I did. After the 7 days, I requested for the process to continue. Next time I logged in, I noticed I was transferred to a CS Marvis* (not sure of the name, only had one look) but no reply.For two days, I tried logging in and I kept getting an “Email or password error”. I sent a message to support with my old and new email address and the ticket number. It’s been days now going to a weeks, yet no reply and I still can’t sign in. I tried both new and old email. It’s like my account does not exist anymore. Please don’t say I forgot my password, I’ve been typing it in almost every day now for 2 months going to 3. Yes, this support issue has lasted that long. I feel like these guys have been jerking me around. They’ve just been passing me from one CS staff to another and now I can’t even login to my fucking account!!! All the people I talked to with similar issue have had there’s resolved in a matter of weeks with just their ID, photo and video. My friend here suggests prejudice because my ID shows I’m African but I don’t want to think about it like that. Why I can’t login to my account I don’t know but BINANCE, I WANT MY MONEY!!!Attached are the screenshots I took when I couldn’t get a reply from CS Yannick earlier and wanted to make a post. Personal info like email and address were blotted out. My ticket number is #861073. [SCREENSHOTS](https://ift.tt/2JXooxk Also I suggested to show that the initial BTC deposit for account creation was also mine and also to check my IP address. Also please if anbody has been able to contact bulletmail.org or the company behind the email service. Please contact me. Maybe it'll help my case.

Submitted July 27, 2018 at 06:37AM

Doing my part

https://ift.tt/2mNNDZS

Submitted July 27, 2018 at 06:10AM

SEC Commissioner disagrees with Twin's ETF rejection - Wants ETF approved!

https://ift.tt/2mKi0jH

Submitted July 27, 2018 at 05:38AM

This is the SEC Commissioner who wants the ETF approved. She has only 1700 followers. Lets show her some love from the Crypto Community.

https://twitter.com/HesterPeirce/status/1022601549309198337

Submitted July 27, 2018 at 06:21AM

The Commissioner of SEC Hester M. Peirce actually dissented to the ETF and believes that ETF should be listed.

https://ift.tt/2AfdSSq

Submitted July 27, 2018 at 04:56AM

ETF is NOT rejected - This news is complete FUD to drop the price before august. CNBC Manipulating the market.

https://ift.tt/2JYD3rX am sure you saw this article, Well they have MASSIVELY edited the article since it was posted."Bitcoin soared two a two-month high above $8,300 this week, partially because of rumors that the SEC could approve a similar trading vehicle as early as August. While they need to address one proposal by August 16, based on the agency's denial of other ETFs, it could be multiple months before a meaningful announcement. "CNBC is trying to screw people.

Submitted July 27, 2018 at 04:15AM

ShipChain Cease-And-Desist Order has been vacated!

https://twitter.com/ShipChain/status/1022569250119081984

Submitted July 27, 2018 at 02:56AM

Did not expect this kind of attitude from Charles Hoskinson, Cardano founder.

https://ift.tt/2uRFckH

Submitted July 27, 2018 at 02:50AM

I smell fear... - Mastercard CEO Attacks Cryptocurrencies Again, Branding them ‘Junk’

https://ift.tt/2Afr0He

Submitted July 26, 2018 at 09:59PM

A list of VeChain's partners / users of the VeChainThor blockchain

Partnerships/CollaborationsPricewaterhouseCoopersPricewaterhourseCoopers (PwC), is one of the “Big Four” tax and accounting companies employing nearly 250,000 people across the globe, as well as one of VeChain's largest partners, and intend to integrate VeChain's platform & services into their infrastructure. PwC was actually the first Fortune 500 company to buy VEN.MORE INFO DNV GLDNV GL will use VeChain's platform ("Blockchain X") to improve the transparency of product and supplier information, significantly increasing the efficiency of supply chains. DNV GL was the first company to report ownership of an Authority Masternode.MORE INFO Renault + MicrosoftRenault is a multinational automobile manufacturer with countless subsidiaries, the most notable one being Nissan. VeChain collaborated with Microsoft (Azure) on a blockchain-based digital car maintenance book for Renault back in 2016.MORE INFO Direct Imported Goods (D.I.G.)VeChain's first hardware-inclusive use case was wine traceability. D.I.G, China' largest wine importer (oversees 30% of China's wine), has been using VeChain for some time to allow consumers to not only just verify the authenticity of their wine, but also trace the bottle, from their hand, all the way back to the grape.MORE INFOKuehne & NagelAccounting for 10% of the “world’s air and sea freight business,” K&N is the world’s largest freight company (yearly revenue of almost $21 billion). They will be using VeChain's technology to "smartify" parcels and assets, especially luxury goods, by furnishing them with a chip containing a private key that reflects ownership information on the blockchain.MORE INFO HyperLedger ProjectThe Hyperledger Project, led by the Linux Foundation and aimed at the development of an open-source, enterprise-grade blockchain, announced the addition of VeChain in 2016.MORE INFO BABYGHOSTIndependent fashion label BABYGHOST has been using VeChain's hardware & blockchain services to improve the transparency, traceability, and authenticity of their clothing lines, since spring of 2017.MORE INFO Shanghai UnicomShanghai Unicom will combine VeChain's solutions with customers' commercial applications to help enterprise users improve supply chain management efficiency.MORE INFO MadeForGoodsMadeForGoods will use VeChain to provide more enterprises with better product traceability and anti-counterfeiting traceability services.MORE INFO Jiangsu Printed Electronics Co., LtdOne of the core partners for developing VeChain's hardware, Jiangsu signed an agreement with VeChain in 2017, and the two continue cooperation in exploring, discovering, and executing solutions within blockchain-centric IoT equipment today.MORE INFO Xiamen Innov Information Technology Co. LTDXiamen (high end RFID developer) will be joining forces with VeChain to provide their patented technology, configuring it to be compatible with the blockchain.MORE INFO Healthcare Co. Ltd (Mlily)Mlily will be utilizing VeChain Thor for Proof of Origin, Proof of Authenticity and Supply chain management. It is estimated that this project will add at least 20 million RFID chips every year for the next five years (blockchain data entry points) on chain.MORE INFO BitOceanBitOcean is an ATM solution selling cryptocurrencies nationwide across both China and Japan. Licensed by Japan’s Financial Services Authority (FSA), BitOcean is committing to buy and sell VET with their physical ATMs using Japanese Yen, as well as growing VeChain alongside BitOcean’s global expansion.BitOcean's CEO is also one of VeChain's advisors, and the company will be holding one of VeChain's first ICO's.MORE INFO Hubei Sanxin Cultural Media Ltd.Hubei & VeChain aim to develop a series of solutions using VeChain Thor blockchain technologies for the proof of origin, supply chain management and the accounting of digital publication / digital books distributed by Hubei Sanxin Cultural Media Ltd.MORE INFO FanghuwangA relatively new lender with a focus on SME property mortgage loans, Fanghuwang plans to use VeChain to make collecting and managing client data more efficient, as well as eliminate most points of failure (error).MORE INFO iTaotaokeiTaotaoke is a company that aims to provide an open platform where both self-publishers and content providers can build their knowledge sharing workshops as well as monetizes their content.iTaotaoke utilizes VeChain Thor to digitally identify every piece of content or media created as released by content providers, safeguarding and securing intellectual property rights of their entire user base.MORE INFO Michigan State University" VeChain welcomes Michigan State University as the first VeResearch partner. Michigan State has worked with VeChain for a while and introduced a technology entitled “EdgeChain” that combines MEC and VeChain Thor to enable new data marketplace opportunities for the VeChain Ecosystem.""Michigan State University is ranked #1 in the world for Supply Chain Management six years in a row by U.S News & World Report."MORE INFO Yida GroupVeChain signs a deal with Yida Group’s IT Management division, Yida Future to build VeChain Thor solutions for the company.Yida Group is a prominent (7th in China) master-planned zone real estate developer who developed and owned assets including smart cities such as B.E.S.T. City and smart industrial parks such as Dalian Software Park, and 20+ master planned areas.MORE INFO LogSaferA leading supply chain risk management and a major logistics insurance platform in China with over 2,500 corporate clients, LogSafer will work with VeChain to integrate big data and Internet of Things technology into existing and future solutions.MORE INFO 188 Business Alliance Association188 Business Alliance Association is composed of hundreds of ethnic Chinese individuals who own and operate small and medium sized businesses in Australia.VeChain has signed with 188 BAA to effectively manage their centers using VeChain IoT applications.188 BAA Logistical Centers will circulate meats, dairy, wool, textile, and even mineral ores from mining and precious metals.MORE INFO InfoCorp’s Sentinel ChainSentinel Chain is a blockchain-based international marketplace for cross-border financial services and the world’s first platform to accept the use of livestock as collateral.VeChain will integrate with Sentinel Chain to publish livestock provenance data on to VeChain’s public blockchain platform.MORE INFO NRCC & China National Tobacco CorporationUnder the guidance of DNV GL, VeChain has signed an exclusive strategic partnership agreement with NRCC to develop and implement blockchain related solutions across their business network.This includes (but is not limited to) solutions for China’s tobacco industry via their partnerships with the State Tobacco Monopoly Administration and the China National Tobacco Corporation.The other focus of this partnership is more long term strategic and significantly more disruptive.MORE INFO Gui'anGui’an, located next to Guiyang, the capital city of Guizhou Province of China, is to set a pilot program for all of China for true Smart-City developmentVeChain is mandated to be the blockchain technology partner of the government of Gui’an to plan, design and implement such processes.MORE INFO Liaoning Academy of Agricultural SciencesThe VeChain IoT team has co-operated with Liaoning Academy of Agricultural Sciences and developed a cloud platform for intelligent agriculture.MORE INFO Shanghai eGrid Consulting Co., LTDVeChain’s existing automobile solution will be integrated into its current automobile ERP, SCM, and CRM solutions.The partnership also extends into use of VeChainThor to leverage the nature of the blockchain throughout their business model.MORE INFO Smart Corelink Co. 芯联 (CoreLink)As a strategic partner with Aliyun, Alibaba’s global cloud computing subsidiary, Smart Corelink offers hardware supply chain services, application software development services, cloud platform software services, cloud computing partners, and communications operator partners to their clients.Xiamen Innov, Corelink, and VeChain have finished the collaborative development of the first version of an enterprise level dApp that will combine IoT technologies, blockchain, AI, and cloud technologies to help enterprises to track physical assets, inventories, and corresponding outputted data.MORE INFO INPI ASIAINPI ASIA is a company that provides a fundamental revolution in digital identification by utilizing an unprecedented combination of nanotechnology, secured digital technology and photonics technology creating a new type of digital identification solution.When appropriately used, INIPI ASIA can disrupt the current dynamic of the RFID/NFC/QR Code dominant market. This new solution is called NDCode™.This partnership ensures the history and origin of a product utilizing this innovative nanotechnology cannot be altered, and corresponding data entries can be verified via the VeChainThor Blockchain.MORE INFO Bright FoodsBright Food is a global company operating 93 different Chinese domestic and foreign subsidiaries with four publicly listed companies in which is estimated to bring in ¥160 billion RMB (~$25.3 billion).This deal integrates VeChainThor Blockchain throughout Bright Food’s entire supply chain management and data management systems, in which they control the entire lifecycle of their product lines from crop to retail.MORE INFO Lingang International Manufacturing Exhibition Trading CenterThis center is owned by Shanghai Lingang Economic Development (Group) Co., Ltd. (estimated revenue of $1.154 Trillion).This partnership enables VeChain to be continuously featured in the technology trading platform showcasing the technological innovations backed by the Eastern China Tech Transfer Center and the government of Shanghai Lingang.MORE INFO Shanghai Wine and Liquor Blockchain AllianceUnder the direct guidance of two government bodies — Shanghai Municipal Commission of Commerce and Shanghai Liquor Monopoly Administration — VeChain, DNV GL, D.I.G., the Business Information Center of Shanghai, and eight other government bureaus/enterprises formed the Shanghai Wine and Liquor Blockchain Alliance to further the cause of China’s national strategy “to complete product quality traceability system by 2020.”MORE INFO Indo Teknologi Persada (ITP(INPI ASIA))'s deal with government of Jakarta, Capitol of IndonesiaINPI ASIA's Indonesian devision, has partnered to provide a solution linking paper documents with digital security; thanks to INPI's nanotechnology, physical documents are unique, cannot be faked, and are digitally stored on VeChain's 'Blockchain X'.This co-operation will enable the government and private sector to provide the Indonesian population, corporations and authorities the ability to easily validate if a valuable document is authentic.MORE INFO DB SchenkerDB Schenker is the transport and logistics division of Deutsche Bahn. With a dense network of over 68,000 logistics experts in 2,000 locations, DB Schenker offers comprehensive supply chain management solutions, efficient air, ocean, rail and land transport as well as contract logistics around the globe.DB Schenker has developed a supplier evaluation system with VeChainThor platform. This is the first time that a Blockchain has ever been used for supplier management purposes.MORE INFO

Submitted July 27, 2018 at 12:52AM

Chinese citizens are using Ethereum to record a heartbreaking story: more than 250k falsely made vaccines were used by newborn babies, causing permanent damage and even death

https://ift.tt/2OkJfhA

Submitted July 26, 2018 at 08:55PM

The Byteball and eStreams partnership has just been featured by one of the largest newspapers in Spain, La Vanguardia

https://ift.tt/2NMS0zH

Submitted July 26, 2018 at 10:46PM

Crypto Markets Move 10x Faster Than Gold: BTC To Rise 500% within 300 days After ETF Approval?

https://ift.tt/2v7exzE

Submitted July 26, 2018 at 09:53PM

KitePay prototype: Instant mobile payment with Nano + Credit Cards

https://ift.tt/2JTLeG9

Submitted July 26, 2018 at 09:35PM

Twitter will lock your account if you change your display name to Elon Musk

https://ift.tt/2O9tObT

Submitted July 26, 2018 at 07:41PM

Bitcoin,not a “lottery ticket” but “a great alternative to gold”

https://ift.tt/2LNi3WV

Submitted July 26, 2018 at 07:52PM

Binance Voting: Libra trying to manipulate it

https://ift.tt/2OguZ9z

Submitted July 26, 2018 at 07:54PM

The CEO of Apollo is a Known Scam Artist

I've discovered that the CEO of Apollo (apollocurrency.com) Stephen McCullah has been involved in several scams in the past including a $29,000 kickstarter scam where he claimed he was raising funds for a documentary expedition to Congo in the search of living dinosaurs. He later disappeared with everyone's money and never completed the expedition. This can be verified by looking at the comments on the kickstarter. See here: https://ift.tt/2LSnDHI top of that, this guy went from supposedly being into biology/zoology to suddenly being a cryptocurrency expert who is gonna create code that changes the world. lol Another side note: the Apollo website is a wix site according to the source code. Perhaps their CEO should master coding his own website before he writes this revolutionary world changing code he's promising. Please do yourself a favor and don't buy into this BS scam.

Submitted July 26, 2018 at 06:57PM

Iran Plans National Cryptocurrency as New US Sanctions Loom

https://ift.tt/2LCI7Hv

Submitted July 26, 2018 at 04:41PM

Wirex receives $2 million worth Ripple's XRP deposits in 12 hours

https://ift.tt/2LMYuhr

Submitted July 26, 2018 at 05:15PM

Chinese Banks have Made Great Progress in the Application of Blockchain Technology

https://ift.tt/2LThv1B

Submitted July 26, 2018 at 06:06PM

Have You Lost Much Money This Year?

https://ift.tt/2NImNh0

Submitted July 26, 2018 at 05:56PM

Korean Authorities to Legitimize Crypto Market as Soon as Possible to Prevent Hacks

https://ift.tt/2AlyXLd

Submitted July 26, 2018 at 01:32PM

Cryptocurrency mining is still expensive, perhaps IoT-Enabled devices can make a difference

https://ift.tt/2A9hAx1

Submitted July 26, 2018 at 04:36PM

The global Ad industry wastes almost $7 billion with advertisers paying for 3rd party digital profiles that are often inaccurate. A new decentralized ad ecosystem will offer a direct relationship between users and advertisers

https://ift.tt/2LnButg

Submitted July 26, 2018 at 03:22PM

IOTA partners AUDI to seek “intelligent approaches” for mobility

https://ift.tt/2v0XdMy

Submitted July 26, 2018 at 02:32PM

Government of India to Recognize Crypto as a Payment Method, Experts Optimistic

https://ift.tt/2OjDvVk

Submitted July 26, 2018 at 12:03PM

Daily Discussion Megathread - July 26, 2018

Welcome to the Daily Discussion Megathread. Please read the disclaimer, guidelines, and rules before participating.To see the latest Weekly Skeptics thread, click hereTo see the latest Weekly Support Discussion, click here 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 excercise utmost caution before acting on any trade tip mentioned here.PnDs and brigades are not sanctioned by the mod team in any way as they violate rule III. If you discover this thread is being used for these activities, bring it to the mod teams's notice via the modmail. 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. Guidelines:Questions, debates, meta issues, etc are all welcome.Breaking news should be posted separately from this thread. Resources and Tools:To view live streaming comments for this thread, click here. Account permissions are required to post comments through Reddit-Stream.com.Click the RES subscribe button below if you would like to be notified when comments are posted.Consider checking out our Weekly Skeptics Thread for discussion focused solely on critical analysis. Click here and select the latest thread on the search listing. Thank you in advance for your participation. Enjoy!

Submitted July 26, 2018 at 01:01PM

Does anyone remember the handwritten shills here about AntShares/NEO, Walton, OmiseGo, and other alts mid-2017?

I am by no means calling myself a crypto "OG", but it seems like this sub used to have quality handwritten posts about the new cryptocurrencies coming out. A few I remember were Antshares/NEO at $1.60 when it first spiked to $13, sub $1 Waltoncoin, $1 OmiseGo etc etc. People would type up elaborate reports on why each one was the next big thing; such as what it is, who's behind it, what market is it disrupting, etc.Maybe its just because we're in a bear market that a lot of these have gone away, but I feel like September 2017 was the last time I saw real effort being put into marketing new cryptos by their community. Now it seems more like one huge shill fest of who can spam the most links to their new shitcoin. I'd love to see this sub start having real debates and putting effort into writing posts again. Anyone else feel this way?

Submitted July 26, 2018 at 05:14AM

Stellar Price Continues to Moon, Sees 10% Increase in 4 hours

https://ift.tt/2Of7a1D

Submitted July 26, 2018 at 05:43AM

Facebook has lost $138 billion of value in under 2 hours. People care about data privacy, and Brave is leading the charge in the world of crypto.

https://www.youtube.com/watch?v=c0pALae6tDw

Submitted July 26, 2018 at 05:07AM

"Why does this industry reward 2nd/3rd time #crypto public network founders? As far as I can tell, these ppl are taking advantage of their investors to enrich themselves off back-to-back projects. We should expect more accountability and commitment to active projects" - Matt Spoke, Aion Founder

https://twitter.com/MattSpoke/status/1022219859101249536

Submitted July 26, 2018 at 04:00AM

Localbitcoin competitor Payfair just enabled 0% fee for makers

https://ift.tt/2NFylS4

Submitted July 26, 2018 at 04:19AM

Advert seen today on the London Underground

https://ift.tt/2NLjmGq

Submitted July 26, 2018 at 03:33AM

Interview with Nano creator, Colin Lemahieu

https://youtu.be/i8BUC-hbGzU

Submitted July 26, 2018 at 03:18AM

The MetaMask currently listed on the Google Chrome App store is a phishing scam. Google accidentally dropped the original metamask this morning, and thieves are taking advantage of it.

https://ift.tt/2v5L7lv

Submitted July 26, 2018 at 02:25AM

The Nano Blackbox (contactless point of sale) Is Now Available!

https://ift.tt/2LRjBzn

Submitted July 25, 2018 at 10:22PM

Audi Think Tank & IOTA Foundation explore Tangle-based mobility use cases

https://ift.tt/2LNFuPI

Submitted July 26, 2018 at 12:28AM

Bitcoin.com emailed @bity threatening to remove them from their website if they don't start offering $BCH. This was their response.

https://ift.tt/2v3OSHW

Submitted July 25, 2018 at 11:40PM

Highlights of the VET Wallet and Token Swap AMA

https://ift.tt/2LjxpX3

Submitted July 25, 2018 at 08:16PM

Coinbase Can Now Turn Your Cryptos Into Digital Gift Cards

https://ift.tt/2OfUSGn

Submitted July 25, 2018 at 07:05PM

Is there any particular reason why nobody is talking about how incredibly smooth Vechain's Conversion to VET has been?

Bare with me for a moment, I understand that Vechain for some particular reason is not appreciated on the Crypto Currency Reddit, but I truly believe we need to discuss this.I have been doing crypto for a bit now, and I have yet to see such a smooth, launch/swap Vechain just pulled off.Lots of other coins (I won't list them, since this is a more positive post), had massive issues either with bugs, or improper swaps, voting issues, hacks, awful streams with little information, Wallet problems, etc.)But the incredible team of Vechain had honestly in my opinion the smoothest transition of a coin I have seen since i started crypto.1 - The swap was perfect, Withdraws and deposits were all made at the proper time. 2 - Binance Launched the trade exactly at the time, on the dot as vechain and binance advertised. 3 - The wallet is incredibly simple, sleak, with little bugs. 4 - The wallet made depositing extremely easy, and People INSTANTLY have started to Generate Vtho, literally within minutes of transferring. 5 - Vechain has been extremely transparent, and the amount of positivity from not just the fanbase, but from other coin supporters has been staggering.I believe that the Vechain team had a tough task, after the debacle of rival launches, they were impressive and deserve praise.

Submitted July 25, 2018 at 08:02PM

Coinbase Cleared of Insider Trading Accusations After Investigation

https://ift.tt/2JU8PX5

Submitted July 25, 2018 at 06:02PM

Coinbase announces a new deal to let you pay for your Uber with crypto

https://ift.tt/2v1k5M3

Submitted July 25, 2018 at 08:24PM

Coinbase announces instant crypto e-gift cards for EU and Australian customers

https://ift.tt/2uQ3hYZ

Submitted July 25, 2018 at 04:15PM

QuarkChain Explained, Part 2: Sharding — Brief Introduction and Challenges in Blockchain

https://ift.tt/2LCJvtq

Submitted July 25, 2018 at 04:57PM

Binance will support vtho distribution.

https://twitter.com/binance/status/1022053907134963712?s=21

Submitted July 25, 2018 at 04:53PM

European Parliament Says Cryptocurrency Can Be Used as an Alternative to Money

https://ift.tt/2v1MMZ1

Submitted July 25, 2018 at 02:04PM

Major Bullish Sign for EU - Spanish Government Investing in Crypto

https://ift.tt/2A72ZBY

Submitted July 25, 2018 at 04:28PM

Ethereum coming to Google Cloud Platform, community shows excitement

https://ift.tt/2uP2F5P

Submitted July 25, 2018 at 02:18PM

Iranian Hotels Accept Cryptocurrency as Means for Bypassing US Sanctions

https://ift.tt/2LNkOYi

Submitted July 25, 2018 at 01:20PM

US 2020 Presidential Candidate Andrew Yang is accepting Ethereum for his campaign!

https://twitter.com/andrewyangvfa/status/1021794073835855873?s=21

Submitted July 25, 2018 at 12:01PM

Daily Discussion Megathread - July 25, 2018

Welcome to the Daily Discussion Megathread. Please read the disclaimer, guidelines, and rules before participating.To see the latest Weekly Skeptics thread, click hereTo see the latest Weekly Support Discussion, click here 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 excercise utmost caution before acting on any trade tip mentioned here.PnDs and brigades are not sanctioned by the mod team in any way as they violate rule III. If you discover this thread is being used for these activities, bring it to the mod teams's notice via the modmail. 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. Guidelines:Questions, debates, meta issues, etc are all welcome.Breaking news should be posted separately from this thread. Resources and Tools:To view live streaming comments for this thread, click here. Account permissions are required to post comments through Reddit-Stream.com.Click the RES subscribe button below if you would like to be notified when comments are posted.Consider checking out our Weekly Skeptics Thread for discussion focused solely on critical analysis. Click here and select the latest thread on the search listing. Thank you in advance for your participation. Enjoy!

Submitted July 25, 2018 at 01:26PM

WARNING!! SALT LENDING ERC20 TOKEN

I told everyone months ago after some investigation and applying common sense that SALT LENDING was doomed and the writing of their demise was all over the walls. Well, it's coming true and yes, I told you so.If any of you are still in this worthless shitcoin you better cash out what little remains of its value.The CEO and founder just QUIT a few days ago! QUIT. GONE! Exit scammer. I told you this guy was a clown and exit scamming! I hope the SEC seriously looking into Shawn Owen. He really needs to be investigated if anyone does.There is no longer the "amazing arbitrage opportunity" available (buy SALT tokens on exchange for peanuts and use to pay off loan at $27.50 per SALT token). This was absurd and clearly unsustainable. Those rare few who actually have loans are going to get liquidated (unless BTC goes on an epic run).Highly censored Reddit and Telegram full of paid shills to TRY to hold up the coin just a little bit longer while the CEO and friends hide their stolen loot and get out of dodge. (I am banned in every salt social media for a long time now).The token LITERALLY has no use case at all now. NONE. NADA. NUNCA. Who would pay a membership fee with tokens for the privilege of taking out a high interest fully collateralized loan? No one!Game OVER for SALT. Run!It would serve the crypto community well if someone can forward SALT LENDING and SHAWN OWEN's info to authorities that be. Though I'm an anarchist, I'd love to make some use of this worthless government while they are still around and rid the earth of some crypto scum bags.Best of luck to all and God Bless.

Submitted July 25, 2018 at 05:23AM

US 2020 Candidate Andrew Yang now accepting bitcoin, Ethereum, and other assets for his campaign

https://mobile.twitter.com/andrewyangvfa/status/1021794073835855873?s=21

Submitted July 25, 2018 at 03:07AM

Seems like IOST was just listed on Upbit

https://twitter.com/IOStoken/status/1021923263604088832

Submitted July 25, 2018 at 08:45AM

Just a reminder that LocalBitcoin trader is being sentenced on July 30, 2018 in Phoenix, AZ

Hello Bitcoiners,Thomas Costanzo aka Morpheus Titania has been convicted by a Jury of his peers to 5 counts of Money Laundering.Before the trial, the US government gave him a plea offer of pleading guilty for 10 years in jail. He refused. The government is now asking for 10 years in jail.What Thomas Costanzo case did for the community is not being publicized enough but Money Laundering has two sides.A person can be convicted of money laundering for:failing to register as a money business with FinCEN, not reporting transaction in excess of $10,000, etc ... ;trying to conceal the proceed of the funds.A jury found Thomas NOT GUILTY of #1 but GUILTY of #2. This mean that thanks to him there is a precedent about trading bitcoin and not need to register as an MSB.Hopefully the judge will refuse the US argument that he should be in jail 10 years since Sal Mansy got 1 year, Luis Ong got 20 days, Klein got probation.If you are in Phoenix, AZ ... please come and show your support.https://ift.tt/2OefEGn Chino,r/https://ift.tt/2ELtO0I

Submitted July 25, 2018 at 02:21AM

First time spending Cryptocurrency to buy HODL pins (oh the irony!)

https://ift.tt/2NIhE8V

Submitted July 25, 2018 at 04:11AM

We just installed our 150th ATM in the US

https://ift.tt/2Oajnoi

Submitted July 25, 2018 at 02:34AM

21 Million

I want the ETF to be approved as soon as possible, just as much as the next investor. I think it would spark a bull run and push us to glorious new ATHs. Despite this, I think it's important to stay realistic and be prepared for it to be delayed or rejected for two main reasons: (1) the government operates excruciatingly slow and (2) the government is more conservative than the private sector, and is full of ex-bankers and Wall St execs - the same industries that crypto threatens.Whether an ETF is approved in August, next year, or not at all, I'm still extremely bullish on BTC in the short AND long term. I think a sell off as a result of an unfavorable ETF decision would do us more harm than good.Why? Because of the scarcity built into it: there will never be more than 21 million bitcoins in existence. Whether BTC is currently underpriced or overpriced isn't as important as the torrent of positive news we've seen in the last 6 months. Adoption and acceptance are happening around the world. Companies and countries aren't waiting for the US to accept crypto, they're moving ahead on their own. ETFs will likely pop up in other countries, inspiring the US to follow suit. As long as you accept the basic premise that BTC will be used by an increasing number people in the future, supply & demand principles should drive up the price over time.Another factor not talked about often is bitcoin's fractionalization - the idea that you can own a little as 1 millionth of a BTC makes it much more accessible and psychologically appealing and scaleable to the general public.As an example, Amazon stock currently trades for $1,824. Stocks are only traded in whole numbers. More than half of Americans have less than $1,000 in their savings account. Until that changes, they'll never be able afford even a single share of Amazon stock.Also, a reminder of BTC closing prices (in USD) on this day in the last 5 years:July 24 2018: $8,200?July 24 2017: $2,754July 24 2016: $661July 24 2015: $288July 24 2014: $601July 24 2013: $94Thanks to everyone who read all of that, it was kind of all over the place but I thought it was important to share, especially as this sub adds new subscribers as a result of this recent bull run. I'm really excited for the second half of this year, lets keep up the good work!

Submitted July 25, 2018 at 02:44AM