Monday, November 19, 2018

How to earn bitcoin: a step-by-step guide

https://swaraz.com/en/blog/how-to-earn-bitcoin-a-step-by-step-guide

[Daily Discussion] Tuesday, November 20, 2018

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[uncensored-r/BitcoinMarkets] [Daily Discussion] Tuesday, November 20, 2018

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So you made yourself a little bit of money, huh? How nice.

So you made yourself a little bit of money, huh? How nice.

 

All your life, all you've ever wanted, is a little bit of money. And congratulations, now you have it. Does it feel nice? Does it feel like a dream come true? Of course it doesn't. It's all just numbers on a screen, staring at you like a pathetic joke. But thanks to your thankless job, you made yourself a little bit of money. How nice.

And now, you, in all your half-decayed intelligence, have decided that you want to invest the little bit of money that you've made? Well, step right up to the raging wildfire that is the field of investing. We've got a shit-show full of stocks, mutual funds, bonds, real estate, gold and other commodities, all clamouring for your attention, and even more for your money. Done properly, you can retire into an ungodly amount of wealth. And done poorly, you can join the majority of investors setting their cash on fire, day in and day out.

But don't feel daunted or scared. You're on the right path, and that's probably the only time you're going to hear those words in your life. Just the fact that you're thinking about investing your money puts you at a major advantage, just the fact that you've even made a little bit money is extremely rare. Look around you, what do you see? People that are so poor that they're crawling out of their tents on the roadside, people that are such douchebags that they're buying worthless bling like fur sweaters and gold chains, people that are so childish that they absolutely have to buy the latest iPhone with their credit cards, and people that are so dumb that they just can't be bothered to learn about investing. Just the fact that you're here now, thinking about investing, makes you part of an exclusive club.

Before you get ahead of yourself and feel one cent of happiness for being better off than most, let me tell you something - there's an army of twats waiting to screw you out of the little bit of money that you've made, an army of twats who wants to take away the only thing that matters to your miserable existence anymore. These are crooked relationship managers who'll sell you anything to get commissions. These are unsuspecting relatives who'll recommend terrible investments just because they don't know any better. These are seedy stock brokers who'll push schemes offering incredibly high returns that are too good to be true. These are corrupt financial advisors who'll destroy your returns, either because they're incompetent or unscrupulous, or both. You've got an entire armada of twats just waiting to snatch the money right out of your wallet. What're you going to do about that? Are you going to put your head down and hand over the cash? Are you going to run to your mommy like the little bitch that you are? No, you're going to pull out a knife and stab that little twat right in the heart. And here's how to do that, beginning with a set of basic guidelines.

 

Savings are sexy

Let's be honest, you were never made of the stuff that gave wet dreams to women. Well, here's your chance. You know what all the girls like these days? It's not that ripped chest, or that sleak jawline. It's a man who saves. Step aside AXE body spray, there's a new sheriff in town. If you're spending more than you're earning, you've got bigger problems to worry. Before anything else, you need to make sure that you're bringing in more money than you're spending. So reign in your spending, delay gratification. That burger is going to taste pretty much the same without the overpriced slice of cheese. And the movie will probably be on Netflix in a few months.

 

Debt is your kryptonite

So you borrowed a little bit of money and are now stuck with the interest payments. That's okay, who hasn't done dumb stuff when they were young and full of hormones. I know I have. This one time I cleaned up an entire jar of mayonnaise thinking it was yogurt. Set some money aside every month, not just to pay the monthly minimum on your loans, but a little more so you can pre-pay all your debts. Some loans take priority over others: pay off your credit cards, personal loans and similar high-interest debt first. Keep in mind that not all loans are straight poison: those that help you develop assets like a home loan or increase future income like an education loan or business loan are alright. However, investing while carrying a high amount of debt is like playing football with one leg tied behind your back. Not exactly ideal.

 

Read like your life depends on it

Stop reading WhatsApp forwards, pick up a book, and then pick another one. If you don't develop a habit of reading properly, you're going to get a lot of poop flinged at you in this business. But if you can make it through a book every once in a while, get read to fling some poop on the n00bs. You don't have to go straight for the finance section. Begin with any book that sounds interesting to you, and work your way up. Reading not only helps you understand the world around you, but also develops a better personality and temperament within you. Most of you have the patience and memory of a goldfish, and generally speaking, goldfishes are not good investors.

 

Gold is old

Gold was what housewives in the 70s stockpiled in their cupboard because they had no other option. But you, you are the child of the 20th century. You actually know how to turn on the wi-fi. You have better options, like mutual funds. No matter what your uncle from the third cousin over says, investing in gold is setting your cash on fire. All it will do is make you feel good from the inside, while the eternal fireplace fuelled by your cash keeps burning in the background. Gold and silver are metals that we dig out of the ground. As an investment, they just sit there and stare at you. Just because they shine doesn't mean they're good investments. However, not everyone is convinced of this basic guideline. So if you're hell bent on investing in gold, I recommend going into the mountains and throwing yourself off a tall cliff. A medium-sized one works too.

 

Insurance =/= Investing

While housewives in the 70s had gold, housewives in the 80s had LIC*. Getting life insurance is critical if you have family that depends on your income, but insurance and investing, like pizza and pineapple, never mix well. Have you ever wondered what the insurance company does after collecting your premium money? Well, the company invests your premium money in stocks and bonds, which is also what mutual funds do. So let the insurance people insure, and let the investing people invest. Separation of labour was something that the caveman figured out in 2nd century. It's time you evolved from being a caveman.

 

Real estate is not real investing

The only reason for you to buy property is if you're going to be living in it. Buying real estate purely as an investment is one of the worst decisions you could ever make. Real estate: is an illiquid market (need to wait to find a buyer or seller), has high transaction costs (stamp duty and other bullshit charges), has a lot of red tape (needs several government approvals) and faces high maintenance costs (occasional cost of paint and plumbing here and there). However, every other Tom, Dick and Harry will tell you that real estate is a great investment. Why? Because real estate is how Indians signal wealth to others. It is how Indians demand respect from the chaar log committee. It's how we tell people that we've got a big dick, and we're not afraid to swing it around. You don't have a big dick. Tuck that little stinker back in your pants. You're just embarrassing yourself.

 

Pick your poison properly

Identifying the bad investments is a greater skill than identifying the good investments. Now that gold and real estate have been vilified as bad investments, let's turn to the places that actually deserve your money - mutual funds. For the uninitiated, which includes most of you idiots, a mutual fund collects your money and invests it in the stock market on your behalf. A diversified basket of stocks in good quality companies will outperform most other investments over any time period longer than 10 years. Mutual funds can give you this diversified basket of stocks. If you haven't been living under a rock for the past few years, you've probably see the advertising campaign - Mutual Funds Sahi Hai. And if you have been living under a rock, stay there. We're doing great without you.

 

Get yourself into a coma

The best investors, the ones who win the game in the long-term, always have patience. When you're investing in stocks or mutual funds, you need to have a minimum time horizon of more than 5 years. Any less than that, and out come the fireplaces that are fuelled by your cash. Mentally, you need to be in a place where the stock market might run off a cliff screaming into the wind tomorrow morning, and you'll still continue investing as per your plan because you're thinking about the long term. This ensures that your emotions, influenced by the ups and downs of the stock market, don't get in your own way. Ideally, you want to invest and immediately get yourself into a coma. Trust me, no one will notice that you're gone. You're one person in a world with seven billion people. You're really insignificant in the larger scheme of the Illuminati.

 

Don't watch CNBC

All your life, you've only made socially acceptable choices, because you crave validation from the people around you. To your repitillian brain, approval from strangers feels better than an orgasm. But when it comes to investing, never seek validation of your choices, especially not from the pundits on CNBC. Televised business news focuses on the shortest of short terms, while you need to keep your eye on the longest of long terms. Yes, it is important to keep tabs on current events, but there are far better sources of information than the nightly news. I recommend reading Livemint and Reuters for news. Those two outfits did not pay me to endorse them, but if the PR people over there are reading this, give me a call. I accept cash, cheques and PayTM. Fuck it, I'll even take bitcoin.

 

Keep It Simple, Shithead

Here is a basic plan on how to use your money when you get paid every month. First off, take care of any loans by paying off the hungry bankers who will come demanding their pound of flesh. Pay off all credit cards, in full and on time. Now, estimate how much you're going need for your monthly bills - this includes everything from your electric bill to your tab at the local bar. Deduct that amount and invest the rest of your money. When it comes to investing, begin by putting in three months of your monthly expenses in a liquid mutual fund. This is your emergency cash stash. Next up, depending on your time horizon and risk appetite, select a combination of ~3-8 mutual funds. There are a few different types of mutual funds, here's a handy rule of thumb to navigate them:

High time horizon Low time horizon
Low risk appetite Large-cap equity funds Debt mutual funds
High risk appetite Mid/small/multi-cap equity funds Debt mutual funds

When you're done, set up SIPs so that you don't have to do the transfers manually each month. Every year, take some time off to review this process.

 

This basic plan will require tweaking, depending on the context of your life. But having that plan is very important, not just for your financial life but also for the rest of your life. In the back of your mind, you've always known that. But you never followed through on making a plan, and now your life is just a series of mistakes and regrets. Is that why you drink so much?

The lords of literature require that I write a conclusion to this piece. But this is not the end. This is the beginning of your investing journey. The basic guidelines mentioned here are intended to serve as the starting point for your own research. These guidelines are not rocket science, they are not supposed to be complicated. A person of average intelligence and awareness can reasonably expect to understand and follow them. The question is: are you a person of average intelligence and awareness? Assuming that enough of you read this, statistics require half of you to admit that you're dumb as a rock.

Always keep an eye out for the armada of twats that will try to convince you that investing is rocket science, simply so they can charge you high fees or lure you into unprofitable investments. Done poorly, you can expect a mid-life crisis magnified by a bonfire of your cash. Done properly, you can create the kind of wealth that can benefit you as well as your future generations. You've already disappointed your parents. Don't disappoint your children now.

 

 


Side note: If you're a housewife from the 70s or 80s who objects to your characterization in this article, please write a formal letter of complaint and shove it up your butt.


[Daily Discussion] Tuesday, November 20, 2018

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[Daily Discussion] Tuesday, November 20, 2018

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[Altcoin Discussion] Tuesday, November 20, 2018

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In fast moving markets, this instantaneous order entry can mean the difference between

#crypto, #ICO, #Lucre, #LCR, #Bitcoin, https://www.lucretoken.com

In fast moving markets, this instantaneous order entry can mean the difference between a small loss and a catastrophic loss in the event the trade moves against the trader.


[Daily Discussion] Tuesday, November 20, 2018

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[Daily Discussion] Tuesday, November 20, 2018

Thread topics include, but are not limited to:

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Bitcoin Price Analysis: Another Red Day Pushes BTC Into Deeper Support Test (current BTC/USD price is $4893.61168097)

Latest Bitcoin News:

Bitcoin Price Analysis: Another Red Day Pushes BTC Into Deeper Support Test

Other Related Bitcoin Topics:

Bitcoin Price | Blockchain | ICOs


The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.


What is going on with binance?

what do you guys think about this?

are binance and bitmex a fucking scam?

Do we have to do something? or are we going to expect help from some government and shit?

Wallet Binance adress: https://bitinfocharts.com/bitcoin/add...

Wallet Binance adress 2: https://bitinfocharts.com/bitcoin/add...

Block explorer: https://www.blockchain.com/btc/addres...


3 Reasons for the Crypto Collapse

bitseven.com - The bad old days are back. Crypto prices are in free fall and no one’s sure where the bottom lies. Even mighty Bitcoin wasn’t spared as prices crashed below the $6,000 mark—regarded by many as an unofficial floor—and then fell further to below $5,000. What’s going on?

Three recent events might explain the current collapse. The first is the SEC’s announcement on Friday that the operators of two “Initial Coin Offerings” (ICOs) broke the law by selling unlicensed securities, and must pay fines and restitution. As others have noted, this is only the beginning: Crypto bros spent most of 2017 poking the SEC bear, and now the bear is awake and ready to mete out a world of punishment. This development might be enough to spook some crypto investors, but it hardly come as a surprise. Anyone paying attention to the regulatory space knew this was coming, and so much of the fallout should have been priced into crypto token prices already.

Likewise, it’s hard to see how last week’s Bitcoin Cash fork—a second possible explanation for the crypto crash—could tank the market so badly. Sure, the fork was messy and created renewed centralization concerns over Bitcoin Cash. This hurt the price of Bitcoin Cash, and possibly spread contagion to the rest of the market. But Bitcoin Cash has always been dodgy and dysfunctional, and the crypto world has weathered forks before, so it’s hard to see how this triggered the crash.

This leaves a third possibility: Crypto investors got spooked by bad news from chip-makers Nvidia and Advanced Micro Devices, which recently reported steep sales declines for cryptocurrency equipment. The sales declines suggest interest in crypto has waned, and is unlikely to pick up anytime soon. This could explain the chill on crypto asset prices, but also raises a chicken-and-egg question: Namely, is the chip makers’ misery a cause of the collapse, or just another symptom of it?

It’s possible, of course, that it was a conflation of all three events that KO’d the crypto markets. That would be welcome news for investors, in a sense, because it would mean individual shocks explain the downturn—and markets recover from shocks.

There is, however, a more existential explanation for the collapse: the whole thing is a bust. This is the position of tech exec Sam Gellman who, in a thoughtful series of tweets, points out that crypto has sucked up $30 billion in ICO money in two years and hasn’t delivered a user base beyond crypto speculators. It’s been ten years since Bitcoin came out, he says, and there is little of value to show for it. Needless to say, plenty of folks are popping up to refute Gellman but, if he’s right, look for investors to keep rushing for the exits.

bitseven.com Bitcoin leveraged trade at 100x leverage maximum, 100% profit at 1% price raise
Make a profit whether the bitcoin price rises or falls
BITCOIN LEVERAGE TRADING YOU CAN TRUST


[uncensored-r/BitcoinMarkets] [Altcoin Discussion] Sunday, November 18, 2018

The following post by AutoModerator is being replicated because some comments within the post(but not the post itself) have been silently removed.

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How to cross “The Distance” Between Chains?UINP

How Important the cross-Chain Technology is? Even Vitalik didn’t Think of

The distance from my heart to yours, is one affectionate confession;

The distance from Earth to moon, is a spaceship;

The distance from CCB to ICBC, is the liquidation system of central bank;

The distance from private company to a public one, is an IPO;

The furthest distance in this world, is not the distance between Imtoken and Kcash, but when I’m using this chain with you on the other one……

What will it take to migrate or transfer from ETH To EOS?

How do we reach from Ethereum to EOS with our assets?

The answer is cross-chain technology. Current cross chain technology can deal with the former question, but the conversion of assets defined in one chain to another, that’s a whole new level of difficulty……

📷

There are different ways of storing and recording information between different chains, so how do we get across ‘the distance’?

2018 saw major contributions in the blockchain technology. With the emergence of a great number of public chains and consortium chains, this may be good news for the industry, but for Dapp developers, the choice of the right public chain has become an important issue. There are aspects like RAM cost, resource cost etc with free-to transact chains which makes the decision of the right chain for a Dapp a difficult one. In the traditional software world, there are alternate migration plans and upgrade paths available. In the case of the public blockchains forks causing change in behaviors, termination of chains itself etc are possible. Once the selected public chain comes to a premature end, Dapp developers are confronted with the problem of how to migrate the historical information and data form one chain to another.

‘Unlike a company relocation, only a van is needed to move from one place to another, The Dapp’s data migration needs more than a van, it requires a convenient and secure cross-chain technology.’ So, says Charlie, the founder of the UINP cross-chain project.

Application Implementation, Chain Interconnection

The transfer and management of cross-chain value is an important reason for the emergence of cross-chain technology.

Of course, cross-chain technology is not limited to the realization of digital asset transfer and exchange, but also includes more extensive chain-link communication, information interaction and intelligent contract migration. In addition, without affecting the internal network of each public chain, the cross-link technology should be able to achieve a zero-commission cross-link, while ensuring security and transaction efficiency.

So far, different public chains are like isolated islands of information. The new Dapp developers hope to get more technical and resource support from the numerous public chains, and the cooperation between different public chains, consortium chains and private chains is also expected to be achieved through some kind of agreement to realize the multi-chain interconnection.

At present, most people’s expectation of cross-chain technology is more about the transfer of assets, which is also an important issue for UINP to solve, including the transfer and management of assets of Dapp in the fields of finance, transaction and wallet. It is well known that exchange is the most effective way to transfer assets across the chain, but exchange is a centralized place which is an obvious target for the hackers to attack and most of exchanges can’t make sure the safety of transaction.

📷

Current cross-chain solutions in blockchain industry

There are currently four mainstream cross-chain technologies in the market: Notary schemes, Sidechains/relays, Hash-locking and Distributed private key control.

📷

1.Notary schemes’ mechanism: a third-party was selected to witness and record the assets transformation between chain A and B;

  1. Sidechains/relays: it focusses on the events and states of main chain / connected chains by side chain / relay;

3.Hash-locking: a method locking the hash for a period for implementation of bidirectional payment;

4.Distributed private key control: it refers to that all kinds of cryptographic financial assets are controlled by private key and require multiple triggers to complete the asset transformation.

📷

There are seven common consensus mechanisms, as shown in the figure above. Due to the different consensus mechanisms, chain structures and economic systems, it is difficult to communicate among chains, and there are still many bottlenecks in the development of cross-chain technology.

UINP will adopt a new cross-chain technology, dedicated to solving the problems encountered in the cross-chain project and promoting the iteration of cross-chain technology.

📷

UINP — seamless cross chain integration & interoperability

As the world’s first decentralized cross-chain protocol on transport layer, UINP creates a cross-chain transmission,self-increment and self-decrement cross-chain mechanism, build a natural connection for different chain networks and promote the establishment of a broader blockchain Internet network.

UINP cross-chain network will realize decentralized cross-chain assets transformation and be compatible with different blockchain structures and multiple public chains to facilitate the asset management and exchange of Dapp users.

In addition to the asset management of digital currency, UINP can also facilitate the transfer of value information in the whole chain ecology, realize the information and data interconnection between public chains, consortium chains and private chains, assist Dapp in data migration across public chain, connect the island of cross-chain data, and build a real inter-chain network of blockchain.

Technical features of UINP: cross-chain transmission,self-increment and self-decrement

Current cross-chain technologies are relatively centralized because they are unable to cross multiple public chains simultaneously and require cross-chain support from a third chain. While UINP is completely decentralized. Through Quantum entanglement and perceptive hash algorithms, UINP’s observer chain can realize the data migration between two different public chains on application layer, that’s called ‘cross-chain transmission’.

Technical features of UINP: all-asset cross-chain transaction

The cross-chain requirements of Dapp include not only the exchange and migration of assets, but also the transfer of information, data and value It is difficult for Dapp developers to achieve the migration of application and user information from one chain to another without changing the original chain structure, just like different organisms with different genes arrangement are difficult to communicate with each other. There are four types of paradigm transformation of digital assets in UINP: P2P, A2A, A2P, P2A (P refers to the prevalence, A refers to the assets), creating Dapp assets cross-chain trading system.

Technical feature of UINP: Atomic cross-chain technique

Due to the different consensus mechanism among different public chains, miners have different ways of bookkeeping, which affects the difficulty and cost of crossing the chain. Most of current cross-chain technology uses blocks as the unit for accounting, while UINP adopts the POU consensus mechanism (the three-layer composite consensus mechanism -pos/pov/s-dpos) to realize atomic bookkeeping, that is, taking transactions as the unit. Dapp developers and users do not have to wait for a transaction to reach a full accounting block before transferring assets, but each transaction can be transferred across the chain in real time.

Technical feature of UINP: compatible with chains of different structures

Different public chains have different structures, such as Bitcoin and Ethereum as the block structure, while IOTA and Nano are the chains with DAG structure. The application layer protocol of UINP will carry out the paradigm transformation for the public chains with different structures through an observer chain, and each atomic transaction of Dapp will enter the destination network, so as to help developers to cross the chain with different structures.

📷

Technical feature of UINP: compatible with the Internet information set

This means that UINP is compatible with the information communication mechanism off-chain, and it breaks the data isolation between the blockchain network and the traditional Internet network. That is to say, the real-time bookkeeping of Ethereum can be synchronized with the payment information in Alipay if one day Taobao shop allows buyers purchase goods by ETH through UINP cross-chain protocol. The application layer protocol of UINP contains Information set, transport layer protocol of TCP protocols, and has the features of 0RTT, optimized congestion control, and transport layer TLS security, etc. It supports HTTP2, which can perfectly realize the synchronization and interaction of Information on and off the chain.

Global cross-chain technical community

With the mechanism of self-increment & self-decrement and automatic tracking & connection between nodes, UINP will break the inter-chain barrier and realize the interoperability of assets, information and data between different chains at the transport layer, finalize a dynamic adjustment, interconnected chain ecosystem. In the future, UINP will realize a global cross-chain technology ecological community connecting various community systems.

The UINP foundation will cooperate with universities to establish communities, with the mission of integrating quality scientific research and strategic cooperation with colleges and universities at home and abroad. We envision creating blockchain Labs promoting research and drive result oriented cross-chain technical research.

UINP will also cooperate with various distributed technical and leisure communities, and regularly co-hold cross-chain technical community activities and forums. Blockchain technology is still in its infancy. Communication and cooperation between different blockchain projects can complement each other’s advantages and create the greatest value in the open source way. UINP is willing to undertake this historic mission, accelerate the trans-chain technology upgrades and iterations, and explore the future of blockchain with the global technical peers.

In addition, UINP will also build public chain alliances to facilitate the realization of cross-chain protocols. UINP currently has carried out in-depth cooperation with Qtum, Dfinity, TRON and EOS, and jointly explored the future of cross-chain in terms of both technology and application, and promoted the promotion and implementation of UINP’s cross-chain technology in the global market.

At present, UINP has raised joint investment from Qidian capital, IDG, Liaode capital and Genesis capital. UINP will be committed to building the Internet of blockchain networks, realize the interchain communication, promote fast and sustainable development of Dapps. We determined to become the leader of cross-chain technology and the pioneer in the Internet of value.


Backlash after US Elections Board Green Lights Crypto Mining for Political Campaigns - Inside Bitcoins - News, Price, Events

https://insidebitcoins.com/news/backlash-after-us-elections-board-green-lights-crypto-mining-for-political-campaigns/194901

[uncensored-r/BitcoinMarkets] [Daily Discussion] Sunday, November 18, 2018

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[Daily Discussion] Tuesday, November 20, 2018

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A Beginner’s Guide to OTC and Cryptocurrency Trading

https://www.cubebit.io/

Once you have obtained a cryptocurrency wallet and have found an exchange you want to trade on, what’s next? The options for cryptocurrency trading flings between the traditional cryptocurrency exchange and over-the-counter (OTC) trading. And while the traditional exchange has its own perks, OTC trading breaks the limit of market trading and is mostly the reason for a successful cryptocurrency trading.

Over-the-counter trading has its pros and cons. While it does offer faster transactions and better prices, it comes with other risks like slippage and counterparty risk. Traders who would consider OTC must take note of the basics to guarantee a successful transaction.

Consider an OTC broker before you even need them

An OTC broker can help you with your cryptocurrency trading as they remove the possible counterparty risks, however, traders should stay vigilant with how they deal with their brokers and should remain anonymous with the amount you are trying to trade. Do take note that it is best to talk to one before you need to buy or sell cryptocurrency. If you deal with a broker, it is best to close a deal as soon as possible before word spreads about the amount you have as brokers tend to put a higher price of the securities they have so they could deal cryptocurrency themselves.

Review the current market value and cryptocurrency trends

Though dealing with an OTC broker somehow puts you in a secured state, buyer-to-seller transactions are still preferred by some. In this case, check the current market value and trends of cryptocurrency shares. OTC trading offers better prices for both buyers and sellers but would be counterproductive when prices are placed at a market value. Remember that with OTC trading, prices are usually placed at a wider range compared to market values.

Check the platform you are using

With the different platforms of cryptocurrency trading, choosing the best one for your trade is important. It’s always best to get hybrid wallets or multiple wallets of different cryptocurrencies so you can exchange and deal different types. It’s also best to use a platform with good authentication and platform security.

And double check the user reviews

Similar with OTC brokers, a buyer must always check a seller’s reviews and vice versa, if available. One of OTC’s biggest challenges is counterparty risk and every trader must always gather information about their parties involved with their trading. Highly reviewed buyers or sellers are always the ones to go to but don’t forget to settle your smart contracts either way.

Risk what you can only risk — even after each transaction

Susan Cain, the author of Quiet: The Power of Introverts in a World That Can’t Stop Talking, writes about people’s personalities during the 2007–2008 trading disaster. As you may know, most trading that lead to the financial crisis was done with OTC trading and she noted that some people (mostly extroverts) tend to make rash decisions during trading, even though warning signs of the market slippage were right in front of their faces. As a result, a lot of people lost their life savings because people risked what they thought they could risk rather than considering stepping back and watching out for market trends. During events of a successful or unsuccessful transaction, one must always note of the current assets they have gained or lost and the amount they are willing to risk again, even with cryptocurrency trading. Closing a good deal doesn’t always equate to a successful continuous trading so it is best to think about your next move after each transaction.

https://medium.com/@cubebitofficial/a-beginners-guide-to-otc-and-cryptocurrency-trading-4ec73d6079fa



[Daily Discussion] Tuesday, November 20, 2018

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

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A Beginner’s Guide to OTC and Cryptocurrency Trading

https://www.cubebit.io/

Once you have obtained a cryptocurrency wallet and have found an exchange you want to trade on, what’s next? The options for cryptocurrency trading flings between the traditional cryptocurrency exchange and over-the-counter (OTC) trading. And while the traditional exchange has its own perks, OTC trading breaks the limit of market trading and is mostly the reason for a successful cryptocurrency trading.

Over-the-counter trading has its pros and cons. While it does offer faster transactions and better prices, it comes with other risks like slippage and counterparty risk. Traders who would consider OTC must take note of the basics to guarantee a successful transaction.

Consider an OTC broker before you even need them

An OTC broker can help you with your cryptocurrency trading as they remove the possible counterparty risks, however, traders should stay vigilant with how they deal with their brokers and should remain anonymous with the amount you are trying to trade. Do take note that it is best to talk to one before you need to buy or sell cryptocurrency. If you deal with a broker, it is best to close a deal as soon as possible before word spreads about the amount you have as brokers tend to put a higher price of the securities they have so they could deal cryptocurrency themselves.

Review the current market value and cryptocurrency trends

Though dealing with an OTC broker somehow puts you in a secured state, buyer-to-seller transactions are still preferred by some. In this case, check the current market value and trends of cryptocurrency shares. OTC trading offers better prices for both buyers and sellers but would be counterproductive when prices are placed at a market value. Remember that with OTC trading, prices are usually placed at a wider range compared to market values.

Check the platform you are using

With the different platforms of cryptocurrency trading, choosing the best one for your trade is important. It’s always best to get hybrid wallets or multiple wallets of different cryptocurrencies so you can exchange and deal different types. It’s also best to use a platform with good authentication and platform security.

And double check the user reviews

Similar with OTC brokers, a buyer must always check a seller’s reviews and vice versa, if available. One of OTC’s biggest challenges is counterparty risk and every trader must always gather information about their parties involved with their trading. Highly reviewed buyers or sellers are always the ones to go to but don’t forget to settle your smart contracts either way.

Risk what you can only risk — even after each transaction

Susan Cain, the author of Quiet: The Power of Introverts in a World That Can’t Stop Talking, writes about people’s personalities during the 2007–2008 trading disaster. As you may know, most trading that lead to the financial crisis was done with OTC trading and she noted that some people (mostly extroverts) tend to make rash decisions during trading, even though warning signs of the market slippage were right in front of their faces. As a result, a lot of people lost their life savings because people risked what they thought they could risk rather than considering stepping back and watching out for market trends. During events of a successful or unsuccessful transaction, one must always note of the current assets they have gained or lost and the amount they are willing to risk again, even with cryptocurrency trading. Closing a good deal doesn’t always equate to a successful continuous trading so it is best to think about your next move after each transaction.

https://medium.com/@cubebitofficial/a-beginners-guide-to-otc-and-cryptocurrency-trading-4ec73d6079fa


[uncensored-r/BitcoinMarkets] [Daily Discussion] Monday, November 19, 2018

The following post by AutoModerator is being replicated because some comments within the post(but not the post itself) have been silently removed.

The original post can be found(in censored form) at this link:

np.reddit.com/r/ BitcoinMarkets/comments/9yd7o5

The original post's content was as follows:


Thread topics include, but are not limited to:

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[Daily Discussion] Tuesday, November 20, 2018

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[Daily Discussion] Monday, November 19, 2018

Thread topics include, but are not limited to:

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I think I just figured out how to beat the 51% attack, with no drawbacks

So the 51% attack has been a hot topic lately for obvious reasons. Not only that, I think it's THE topic on everyone's mind even if nobody is officially saying it. There is evidence here, here, here and I think even here...

The elephant nobody is acknowledging remains in the room. Accordingly I've been thinking of good defensive strategies a lot over these last days. The day before the fork I submitted an article outlining a new defense model:

https://www.reddit.com/r/btc/comments/9x5gmn/bitcoins_model_is_antiquated_moving_beyond/

For some reason it got zero upvotes (actually a downvote to zero) and no worthwhile discussion. Hopefully this submission fares better. I do think the defense I outlined is quite viable, but I acknowledge the costly move toward centralization. So I continued thinking of ways to further improve defense and I think I've got something that works without any added centralization pressure. It's surprisingly simple, with only two general changes being made.

First, there is a consensus rule change saying no node accepts a re-organization over 5 blocks long, at least, not without explicit manual override (useful in cases of unintentional chain splits). There shouldn't ever be a case where nodes suddenly learn of 6 or more blocks having valid rules and proper difficulty they were previously unaware of. The only situations where that would be expected is a bug creating a chain split, or an intentional hashpower attack to create disruption. As stated, an override can handle bugs, so the remaining issue should be edited out completely. This gives the ecosystem assurance that as often stated 6 confirmations means settlement certainty.

Astute observers will recognize an obvious problem: nodes attempting to sync won't ever be aware of rejected re-organizations since they would satisfy all chain requirements otherwise. This is easily resolved by having all nodes sync backwards. A node synchronizing from the highest block perceived from the network's perspective will include all rules of that network, including one rejecting lengthy real-time re-organizations.

So those are the only two changes to the way we currently do things, but 51% attacks are rendered impotent! As for where nodes get the highest block that's easy to accommodate. Nodes compatible with BIP 0064 (authored by Mike Hearn) already have access to 'chain height' and 'chain tip hash' when querying for UTXO lookups. Those return values coincide with the moment the result was calculated, though, so a better, explicitly most recent height and hash service might be preferable. Nodes then use the broadest consensus.

This does open the door slightly to Sybil attacks. However, an attacker would need to be working alongside the entity performing the broader re-org attack, and any harmful effects are limited to the effectively isolated and Sybil'd node(s). Since synchronization events are rare there might be a bootstrap 'sanity' list similar to the current DNS seed which is used to compare the information the node receives with IPs developers deem trustworthy (e.g. Bitcoin.com, BitPay etc), which would also defeat a Sybil attack.

The DoS portion of a 51% attack is also solvable with simple changes such as adding tx prority weighting (mentioned in my article) to determine the best chain.


Tron v10.7.2 (2018-11-19) // Fix telemetry script crashes; add additional startup messages explaining what the script is doing; misc. other bugfixes

Background

Tron is a script that "fights for the User." Think of it as a tech-on-a-thumb-drive that aims to automate ~85% of the tedious work in cleaning a Windows system, with the understanding that some things are better left to the discretion of the tech. It is built with heavy reliance on community input and updated regularly.

Bug reports, suggestions etc are welcome. If you have issues with this release, post a top-level comment and myself or one of the mods will answer, typically in <24 hours.


Sequence of operation

Prep > Tempclean > De-bloat > Disinfect > Repair > Patch > Optimize > Wrap-up | Manual tools

Saves a log to C:\Logs\tron\tron.log (configurable).

screenshots of Tron in action


Changelog

(significant changes in bold; full changelog on Github)

v10.7.2 (2018-11-19)

+ Add some display messages explaining what we're doing (detecting disks, updating drivedb, etc)

- Suppress "The operation completed successfully" output from bcdedit command on startup

* Skip Metro app list dump if system is in Safe Mode, since it doesn't work in Safe Mode

! Telemetry removal: Fix standalone and Tron-called execution due to typo in STANDALONE variable comparison command. Thanks to u/bubonis

* Update all sub-tools their latest version


Download

  1. Primary method: Download a self-extracting .exe pack from one of the mirrors:

    Mirror HTTPS HTTP Location Host
    Official link link US-TX u/SGC-Hosting
    #1 link link US-NY u/danodemano
    #2 --- link US-GA u/TheCronus89
    #3 link link DE u/bodrino
    #4 link link NZ u/iDanoo
    #5 link link US/EU u/mxmod
    #6 --- link US-TX u/RB14060 (XygenHosting)
    #9 link --- US-MI u/ajcutshall
    #10 link --- AU u/agent-squirrel
    #11 link --- Amazon CDN u/helpdesktv
    #12 link --- Global CDN Softpedia
  2. Secondary: Download the .torrent.torrent).

  3. Tertiary: Connect to the Syncthing repo (instructions) to get fixes/updates immediately. This method has some risks and you should only use it if you understand them.

  4. Quaternary: Source code

    Tron source code is available on Github (Note: this doesn't include many of the utilities Tron relies on to function). If you want to view the code without downloading a ~500MB package, Github is a good place to do it.


Command-Line Support

Tron has full command-line support. All switches are optional, can be used simultaneously, and override their respective script default when used.

Usage: tron.bat [ [-a|-asm] -c -d -dev -e -er -m -np -o -p -r -sa -scs -sd -sdb -sdc -sdu -se -sk -sm -sap -spr -ss -str -swu -swo -udl -v -x] | [-h] Optional switches (can be combined): -a Automatic mode (no prompts; implies -e) -asm Automatic mode (no prompts; implies -e; reboots to Safe Mode first) -c Config dump (display current config. Can be used with other switches to see what WOULD happen, but script will never execute if this switch is used) -d Dry run (run through script without executing any jobs) -dev Override OS detection (allow running on unsupported Windows versions) -e Accept EULA (suppress display of disclaimer warning screen) -er Email a report when finished. Requires you to configure SwithMailSettings.xml -m Preserve OEM Metro apps (don't remove them) -np Skip the pause at the end of the script -o Power off after running (overrides -r) -p Preserve power settings (don't reset power settings to default) -r Reboot automatically (auto-reboot 30 seconds after completion) -sa Skip anti-virus scans (MBAM, KVRT, Sophos) -sap Skip application patches (don't patch 7-Zip, Java Runtime, or Adobe Flash) -scs Skip custom scripts (has no effect if you haven't supplied custom scripts) -sdb Skip de-bloat (OEM bloatware removal; implies -m) -sd Skip defrag (force Tron to ALWAYS skip Stage 5 defrag) -sdc Skip DISM component (SxS store) cleanup -sdu Skip debloat update. Prevent Tron from auto-updating the S2 debloat lists -se Skip Event Log clearing -sk Skip Kaspersky Virus Rescue Tool (KVRT) scan -sm Skip Malwarebytes Anti-Malware (MBAM) installation -spr Skip page file settings reset (don't set to "Let Windows manage the page file") -ss Skip Sophos Anti-Virus (SAV) scan -str Skip Telemetry Removal (don't remove Windows user tracking, Win7 and up only) -swu Skip Windows Updates entirely (ignore both WSUS Offline and online methods) -swo Skip user-provided WSUS Offline updates (if they exist; online updates still attempted) -udl Upload debug logs. Send tron.log and the system GUID dump to the Tron developer -v Verbose. Show as much output as possible. NOTE: Significantly slower! -x Self-destruct. Tron deletes itself after running and leaves logs intact Misc switches (must be used alone): -h Display this help text 

Integrity

\tron\integrity_verification\checksums.txt contains SHA-256 checksums for every file and is signed with my PGP key (0x07d1490f82a211a2; included). You can use this to verify package integrity.


Donations

Tron will always be free and open-source, though of course donations are appreciated since the work done on the project is in my spare time for free. If you're feeling overly charitable you can donate using one of these methods:

  • Patreon

  • Bitcoin: 1Biw8gx2kD7mZf66ZdNgB9tG1pE9YA3kEd

  • Bitcoin Cash: 18sXTTrAViPZVQtm63zBK6aCK3XfJpEThk

  • Monero (preferred): 45R3cG8KggpZamdyNmt8ecgmFWYPsfD4E7gM1TkM3cRGCq2eBJ6yjNVWbwaVe4vUMveKAzAiA4j8xgUi29TpKXpm3yqmz9f

Note that these addresses go directly to u/vocatus. If you wish to support another volunteer (e.g. a mirror operator like the incredibly generous u/SGC-Hosting) please contact them directly.

"Do not withhold good from those to whom it is due, when it is in your power to act." -p3:27


[Daily Discussion] Monday, November 19, 2018

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
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@TheNextWeb: Scaling Bitcoin: A beginner's guide to the Lightning Network https://t.co/VHDy7f6Yjh

https://mobile.twitter.com/TheNextWeb/status/1064648340959318016

Scaling Bitcoin: A beginner's guide to the Lightning Network

https://thenextweb.com/hardfork/2018/11/19/what-is-lightning-network-scalability/

Larry Cermak, analista jefe de The Block, dice que TenX es una estafa.

Larry Cermak es el analista principal de The Block, y de acuerdo con Bitcoin Exchange Guide , recientemente llam al equipo de proyecto de TenX por ser una estafa y no entregar a los inversores. El Dr. Julian Hosp respondi sealando que el valor realmente ha aumentado en comparacin con Ether, que es lo que Ms The post Larry Cermak, analista jefe de The Block, dice que TenX es una estafa..

leer mas..

Noticias #criptomonedas #criptos #noticias



[Daily Discussion] Monday, November 19, 2018

Thread topics include, but are not limited to:

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  • Be excellent to each other.
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[Daily Discussion] Monday, November 19, 2018

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

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Bitcoin ABC Gets BCH Ticker on Huobi Exchange

https://i.redd.it/pr094keymcz11.jpg

Huobi Reveals Chain Split Details

One of the leading cryptocurrency exchanges, Huobi, has announced details about the branched chains of Bitcoin Cash and how the firm will handle customer balances and trading going ahead.

According to the announcement which the firm published yesterday on its website, the Bitcoin Cash ABC team has created a checkpoint to ensure that two-way replay protection is in place.

The exchange revealed that the Bitcoin Cash ABC which has emerged as the longer chain with more hash rate will retain the ticker BCH while Bitcoin SV will be known by the ticker BSV.

Earlier on November 15, the two camps who could not arrive at a consensus regarding the changes to be pushed as part of the routine upgrade went ahead with the implementation of their own version of the protocol.

Users to Get Both Coins

Customers that held BCH on Huobi before the hard fork will get both the coins in the respective wallets. The price of Bitcoin Cash had pumped by over 50% in anticipation of the hard fork and plunged just two days before the event as the social media spat between the two camps peaked.

“Based on the snapshot of BCH holdings taken at 00:40 (GMT+8), November 16, 2018, Bitcoin SV (BSV) tokens will be distributed on a 1:1 basis to pre-fork BCH holders,” clarified the post.

Trading, Deposits, and Withdrawals

The post shared the below details about the resumption of trading, deposits, and withdrawals:

  • Bitcoin SV (BSV) will be launched on Huobi Global on November 18, 2018 (GMT+8). BSV/BTC trading will commence at 21:00 November 18, 2018 (GMT+8) at the Fork Zone.
  • Deposit services for BCH will re-open at 14:00 November 19, 2018 (GMT+8).
  • Deposit services for BSV will be available at 15:00 November 20, 2018 (GMT+8).

Currently, the withdrawals for both BCH and BSV are disabled and according to Huobi will be opened only “once the blockchain’s stability can be ascertained during our testing”.

The post says that the company will maintain communication with the BCH community and concludes by stating that “hard fork may still cause sharp fluctuations in market prices”. Users have been advised to trade with caution.

While Huobi has clarified its stand on both chains, other leading exchanges are yet to announce theirs. As of now, it appears that the Bitcoin Cash ABC is emerging as the major chain post the split.


[Daily Discussion] Monday, November 19, 2018

Thread topics include, but are not limited to:

  • General discussion related to the day's events
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  • Quick questions that do not warrant a separate post

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Aivon Leaders.

Rex Wong Rex Wong is a serial entrepreneur with over 25 years of experience in internet, technology, media and software. Rex is the Chairman & Co-founder of iVideoSmart. He was CEO & Co-Founder of 8sian Media (acquired by uCast/Qello 2017), CEO & Co-Founder of DAVE.TV (acquired 2008), one of the first IPTV platforms, a founding investor of Applied Semantics that developed AdSense (acquired by Google 2003). He has had numerous exits creating over $1 billion in shareholder value.

SQ Lee SQ Lee is the CEO & Co-founder of iVideoSmart. Previously he was VP Technology of 8sian Media and COO/CTO of Applied Mesh a fintech company. Prior to his entrepreneurship venture, he was Centre Director for the Infocomm Development Authority of Singapore in China. SQ holds a Master of Science in EE, specializing in Neural Network, from Stanford University.

U-Zyn Chua U-Zyn Chua is the Principal Consultant and Blockchain Engineer of Zynesis, with more than a decade of experience in technology consulting. U-Zyn has been working on the technical aspects of Bitcoin, blockchain and decentralization technology since 2010. He started one of the earliest Bitcoin exchanges in Asia in 2011 and was the lead blockchain developer for the successful TenX token sale. U-Zyn has also conducted blockchain research for GovTech as part of his Smart Nation Fellowship.

Colman Ma Colman Ma is the Director of Operations North America. He was formerly project manager of iVideoSmart responsible for the North America market. Prior to that he was handling Digital Media Operations of Carat USA. Despite not being an engineer by training, Colman has picked up Python programming.

Bill Claxton Bill Claxton is a seasoned technology entrepreneur. He holds a certificate in BlockChain For Technical Executives and Analysts from B9Lab Academy in the UK and has spoken at various blockchain events. Bill has been active in the IT scene in Singapore for more than 20 years, was an early Bitcoin investor and most recently served as Operations Director of fintech startup KYC Chain.

Roger Essoh Roger Essoh has started to work with open source technologies in 1995 when he founded his first IT company. He is also the former Open Source Director for Public Sector at Atos. Roger is a digital expert with more than 22 years of experience in IT & Consulting industry. He is an active entrepreneur, a venture partner, and a strategic advisor for various startups and companies in US, Europe and Asia.

https://aivon.io


Bitcoin skids to a 13-month low, nearing $5000 (current BTC/USD price is $5135.09658952)

Latest Bitcoin News:

Bitcoin skids to a 13-month low, nearing $5000

Other Related Bitcoin Topics:

Bitcoin Price | Blockchain | ICOs


The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.


[Daily Discussion] Monday, November 19, 2018

Thread topics include, but are not limited to:

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The bitcoin crash: we have warned you

NeuronX had forecasted the bitcoin drop a few hours before it crashed. Here is the chronology of events.

https://medium.com/neuronx/the-bitcoin-crash-we-have-warned-you-843abcc9f9c3


Seasonal Affective Disorder, taxes, and the year end slump

Ok, if you've been in this sub long enough, and have monitored the charts, you'll know that there has historically been a year-end slump with Bitcoin. The reasons are different from year to year but most center around a few key points:

  • Taxes
  • Holiday expenses
  • Next year legislative fears

And I'll go over some of these points in detail. As well as an analysis of last year's end-of-year slump that never unslumped.

Taxes: It's pretty simple. People generally have to pay taxes on bitcoin transactions and it's not uncommon for people who are on the edge about bitcoin to just unload before the end of the year so they are not having to do tax forms twice for this. In 2018, pretty much everyone who was holding bitcoin has watched their investment go from bad to worse. So it makes sense that people will be sick of it, disappointed, and just want to cash-out and move on before having to deal with it for the 2019 tax year.

Holiday Expenses: Money can be tight for the holidays. People dip into their funds in order to pay for gifts/travel, etc... The Black Friday and Christmas deals give a big boost to spending and some of that money is sourced from exchanging bitcoin for fiat to cover those costs.

Legislative Fears: 2018 was a bit of a whopper when it came to new bitcoin legislation. 2019 will likely have some changes to law as well, and the IRS will be putting a closer scrutiny on it. So based on how people feel about those laws, which have been traditionally more restrictive, they may decide to end their run with bitcoin before being subject to 2019 laws.

So that is part of why we are seeing some major downturn at the moment. If the past is anything to guide us, it will probably continue to get worse until the end of the year. We may see a minor uptick in early December, people cashing in on the post-Black Friday recovery point, but they too will likely make fast cash and run before 2019, with the biggest slump traditionally around the 10th-15th of December.

So...what was with last year, the end-of-year slump that never ended? First off, I know you hate the word, so I won't say it, but it popped. It hit 20k on hype and everyone knows that's what happened and not everyone wants to admit it. It was a perfect storm of extreme hype before end-of-year sell-off and never recovered to its former glory because it never should have been at 20k in the first place.

So, big question, will it recover? The answer is an overwhelming and unpopular truth: No. There is no logical reason to think it's getting back to 20k. For starters, the hype burned a lot of potential investors and there are simply put, less people interested. For those that stayed-on, they've had to suffer ridicule for hanging onto their dreams and ideals. So it's only popular among other hodlers while the rest of the world says "will bitcoin die already?" The second big issue is that while there have been minor advances in ASIC technology, those advancements have not been on par with the rising difficult rate. While bitcoin has been sucking wind for the past year, the difficulty has done nothing but go up, which means miners are getting less and less of a return on their investments. We are also, in fact, seeing a glut of video cards and ASICs in the secondary market, indicating people are throwing in the towel. We saw this after the first bitcoin pop. And the final reason is that legislation, as mentioned, has been always towards the negative so there is no indication that the market will be more favorable to governments in 2019. And if all of what I have said above is true, by what logic should it recover in 2019? It would take a major retailer, such as Amazon or Walmart, to start taking bitcoin. And even then, the impact simply will not be as great as expected since using a credit card will ALWAYS be easier than using bitcoin for Amazon or Walmart. So I don't see that happening 2019. Especially since Bitcoin has been in a decline, which means if Amazon or Walmart starts hodling, which would be necessary for operations, it's a losing investment.

So I'm not going to sit here and tell you what to do with your bitcoin, but you should all know what the history has been like, review the charts for yourselves, and look at reason and logic above mob mentality and hodling on for your dear life because this is the "two boats and a helicopter" story and if you don't take the warnings when they are given, you don't get to complain when you drown.



DEEX ROADMAP DETAILS

The Road Map

DEEX ensures that their cryptocurrency is the first user-friendly one in all decentralized exchange market. The roadmap handled a lot to become so popular and demandable in the trade market. Presale was launched on 26th of October 2017, and at the end of November, DEEX tested MVP on the Bitshares engine. From November 2017 till February 2018 basic engine will be customized and the possible ways to recover password will be introduced to DEEX users. On 10th of January DEEX token, ICO launch took place and during January crypto blockchain system will be launched. Also, Mobile DEEX application exchange is going to be presented. 2018 will be full of new methods and strategies introduction and DEEX engine will move into Graphene-based blockchain platform. Already in 2019 DEEX will become a totally functional decentralized platform that will include DEEX crypto exchange, ICO platform, secure messenger, merchant, crypto cards and much more. DEEX also conducted conferences to inform about upcoming events. The conferences took place during December 2017 and were about crypto invest, cryptospace, blockchain, and bitcoin.

What offers customers decentralized exchange and why it becomes to demandable and popular among users. A decentralized exchange allows users to do an exchange of any digital product that is traded in the BitShares ecosystem. DEEX is also based on a decentralized BitShares platform offering exchanges without any shortcoming.

You may register for DEEX bounty campaign and get your link for the promotion of your project. Users will get many functional advantages from DEEX which creates the first decentralized exchange worldwide. Users will definitely enjoy creating their personal agent network of crypto ATMs to make purchases and sales. Cryptocurrency cards are going to be linked to the wallets of users. Thus you can already imagine how fast and enjoyable will be your journey with DEEX. Want more? Feel free to check https://deex.exchange/#.


[Daily Discussion] Monday, November 19, 2018

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

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[Daily Discussion] Monday, November 19, 2018

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

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  • Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:


[Daily Discussion] Monday, November 19, 2018

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
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CryptoFinance Oslo 2018 - Report [by midipoet]

So, about a month or so ago i put up an FFS request.

Monero were invited to have a presence at the third annual CryptoFinance evening in Oslo, Norway. The FFS got funded (thanks to all that donated), and so i made my way over to Norway from my home (which isn't so far away).

The event was in two parts really. The first day was the first EOS Block Producer's Summit. I will admit that i didn't know that much about EOS before arriving at the event, and by the end of the day i knew a small bit more - so in effect i suppose that was worthwhile in some small way.

Day One

There was a very large cohort of EOS converts there, and the highlight was probably the crew that had EOS styled tracksuits on.

I also got some free socks for my troubles, pics here and here.

I suppose that raising 4 Billion in an ICO allows you the priveledge of giving out things like socks.

I am not going to comment much on this first day. It was interesting to hear that the platform is having some serious technical issues that have not been solved (Historical API difficulty), and they do not neccesarily know the best way to fund the problem/devs to fix it (why this is the case when someone rasied 4 Billion in the ICO was not immediately apparant).

What i will say is that i am glad that Monero had little involvement on day one.

Day Two

This was a much more interesting day, with there being two rooms - one 'international' track, and one 'domestic' track.

I was scheduled to talk in the afternoon in the internationl track room.

I decided to stay in the domestic track for the morning, as i was intrested in a couple of the talks. The first was one by a gentleman representing the Norweigan Tax Authority. His talk was extremely interesting as he outlined, and demonstrated, a system that allowed him to easily access all activity associated with a Bitcoin, Ethereum or Ripple wallet address - through data/chain analysis and some machine learning algorithms.

He also stated quite clearly that the Norwegian Tax Authority had a 10,000 (afair) strong list of known wallet addresses and their owners.

The second talk was by a senior representative of Ernst and Young (a very large multi-financial services company). This was also an extremely interesting talk.

The main takeaway was that a lot of the regulators, legislators, and stakeholders (all EU) in the legacy financial space dont really know what they are doing - but they are trying.

They are also all aware that they dont want to harm innovation, but also want to ensure there is protection for the consumer.

There was also a very interesting little story from the talk.

A large Norwegian bank DNB (check money laundering history) were recently putting all the elements in place to be able to offer cryptocurrency and blockchain related services to their clients. They were waiting for concrete go-ahead from the regulators (they felt this would be forthcoming). They were talking to EY about them becoming auditors/accountants. EY were enthused, of course.

EY asked them to produce the code that would form the backend of the DNB system. DNB backed away for one reason or another, and the investors have decided not to pursue this anymore. Make of that what you will.

Much of the rest of the day was standard Crypto Conference Fair. Some elements were really not up my street at all, but i am sure others enjoyed elements.

I will give a shout out to both Nexus and BitHex. I may not necessarily agree with every aspect of their projects, but i do think they come from a relatively good place.

My actual presentation

My talk is available to watch on YouTube.

I am going to say now that i hope i represented Monero well.

I probbaly didnt communicate some aspects as well as i could have, and i definitely know that i messed up a couple of times (nothing massive). I was a bit nervous, as can be seen - but i think i did ok.

I also received a lot of positive feedback afterwards from what seemed really genuine and interested people.

Link to the talk (10 mins) is here. The rest of the talks are on that video as well.

If i made any massive errors, let me know - and if you think i missed anything crucial please let me know, as i will ammend if i ever do this talk or one similar again.

I will also take on any criticism and advice, so fire away!

Panel

I was also involved in a "Future of CryptoCurrency" panel at the end of the afternoon.

I have to say, i called out bullshit some of the subjects, and generally took quite a firm stance on some issues.

I don't think i crossed the line, and personally believe that if nobody calls 'bullshit' - that we aren't going to end up in a good place. I would have liked to have called bullshit more - but stayed quiet on a number of issues. Luckily i think others on the panel generally agreed with my stance.

Insights

The first main insight i have is that Monero is very respected across the board.

Whenever i mentioned that i was here talking for Monero, it was always greeted with respect. Nobody even attempted to question, or propose that a better 'privacy' crypto was out there (mileage on this insight may vary!).

Secondly, after the talk from the Tax Authority, i approached the speaker and made what i feel is a good contact. Some of you might not agree with speaking with these types of representatves, but i think it is. We spoke at length on a number of issues. If you are interested in hearing more, i am willing to go into details with any specific questions you have. Long story short is that his project is not an 'official' one, but that further research may be forthcoming. At the moment he knows very little about the privacy centric coins (as apposed to any other), but that he (and the authorirty in general) is very interested to hear from our communities to understand methods, ideologies, and technical approaches to privacy that we take. He approached me after my talk, and we spoke at length about the importance of privacy for society at large as well, and we agreed on a number of very important issues.

Thirdly - i am extremely glad that we only had a talk and panel presence at this event. I belive this is how we should always be represented at these Crypto/Blockchain like events. This is because i do not think we should be lumped in with these types of booths. Yes, you did just read that correctly.

We are a serious cryptocurrency, and our presence should be respected as such. End of.

Fourth - I met some really nice Monero people at the event. I am not going to name them, but they were cool. Monero people are cool.

Fifth - Richard Heart pays all his employees in Monero. Also, he says you can't do batched transactions in the GUI, and that is a right pain. This might be true, i actually don't know!

Sixth - Oslo is nice city. Expensive, but nice. I also had a pretty cool view from my hotel window.

Lastly - Bitspace hosted a very professional event. So thanks to them for the hospitality and the warm welcome.

p.s sorry that was so long. but i guess i felt obligated to be transparent in some way.