Friday, May 31, 2019

[Daily Discussion] Saturday, June 01, 2019

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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[Daily Discussion] Saturday, June 01, 2019

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.

Other ways to interact:


Canadian Reseller for DarkMEDIA - Packages starting at $10 Canadian - ***Price match guarantee***

We allows you to pick between 1 to 5 concurrent connections on a subscription with no ip lock.

GameCenter is your one stop sporting spot where your going to find all the sporting events in one central place so you can easily find what's playing.

The service can be used with almost any m3u player. They also offer there custom app.

DarkMEDIA DOES NOT offer catchup or VOD.

Prices are quoted in Canadian dollars. (M=Months, C=Connections)

1 Month Packages - 1M1C = $10 - 1M2C = $14 - 1M3C = $18 - 1M4C = $22 - 1M5C = $26

3 Month Packages - 3M1C = $26 - 3M2C = $30 - 3M3C = $34 - 3M4C = $38 - 3M5C = $42

6 Month Packages - 6M1C = $46 - 6M2C = $50 - 6M3C = $54 - 6M4C = $58 - 6M5C = $62

Payment Options......

  • e Transfer
  • Bitcoin (btc)
  • PayPal (must use Friends and Family option).

Trials are paid at $3 for 24 hours. If you like what you see and you want to go with a full subscription, I will deduct the $3 from the total.

The selection we offer....

  • Canadian
  • US
  • UK
  • Latino
  • All major sports
  • PPV
  • Adult (no extra fee)

If you have any questions or would like to try out our service please PM me.


[Daily Discussion] Saturday, June 01, 2019

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.

Other ways to interact:


[Altcoin Discussion] Saturday, June 01, 2019

Thread topics include, but are not limited to:

  • Discussion related to recent events
  • Technical analysis, trading ideas & strategies
  • General questions about altcoins

Thread guidelines:

  • Be excellent to each other.
  • All regular rules for this subreddit apply, except for number 2. This, and only this, thread is exempt from the requirement that all discussion must relate to bitcoin trading.
  • This is for high quality discussion of altcoins. All shilling or obvious pumping/dumping behavior will result in an immediate one day ban. This is your only warning.
  • No discussion about specific ICOs. Established coins only.

If you're not sure what kind of discussion belongs in this thread, here are some example posts. News, TA, and sentiment analysis are great, too.

Other ways to interact:


[USA-FL] [H] Console games, SNES, NES, Genesis, PSX, Ps2, XBX, GCN, More! [W] PayPal, Crypto, Cash App, Local Cash

This is a cross post - selling on a couple of other forums as well but thought perhaps this one may have more exposure. Thusly, cross feedback is available on these aforementioned platforms. That said, I understand I am new HERE.

 If anyone needs to get ahold of me for any reason pertinent or otherwise, PM me, I am here. Will be adding more soon and will try to evaluate prices, but no guarantee on a timely manner of that, offer if you see something you like. I understand some of the brand new and sealed stuff is better for eBay - but trying here first.

I will consider all offers! Will ship international, worldwide!

Offers entertained and encouraged. Paypal accepted, Bitcoin or major alts strongly preferred.

WTS:

Saturn:

Tactics Ogre: Let Us Cling Together JPN - Complete w/ Spine Card, 15 shipped.

PSX:

Beyond the Beyond - Complete, 35 shipped.

O.D.T. Escape or Die Trying - Complete, 8 shipped.

Puzzle Star Sweep - Complete, 11 shipped.

Ps3:

Resident Evil 5 - Used, complete, 10 shipped.

Ps2:

Fantavision - New/sealed 18 shipped.

Ultimate Spiderman - Complete, 16 shipped.

Prince of Persia Warrior Within - Complete, 9 shipped.

Super Bust a Move - Complete, 8 shipped.

Tekken Tag Tournament - Complete, 6 shipped.

SSX Tricky - Complete, some scuffing on the case, 12 shipped.

Armored Core 2 - Complete, 8 shipped.

Dynasty Warriors 3 - Complete, 11 shipped.

The Bouncer - New/Sealed, offer.

Dynasty Warriors 4 - Complete, 8 shipped.

Auto Modellista - Complete, 7 shipped.

Jet X20 - Complete, 5 shipped.

Ring of Red - Complete, 19 shipped.

Phantom Brave - New/Sealed, 28 shipped (also have guide which can be worked into the deal somehow).

RPG Maker II - New/Sealed, 40 shipped.

Bombastic - New/sealed, 14 shipped.

Mad Maestro - New/sealed, 12 shipped.

SSX - Complete, 10 shipped.

Dragonball Z: Budokai - Complete, 12 shipped.

Ready 2 Rumble: Round 2 - Complete, 6 shipped.

Kessen - Complete, 6 shipped.

Big Mutha Truckers - Complete, take it.

Guitar Hero - Game / case / manual only, 5 shipped.

Virtua Fighter 4: Evolution - Complete, 7 shipped.

32X:

NBA Jam T.E. - 12 shipped.

Gamecube:

007 Agent Under Fire - Complete, 8 shipped.

Final Fantasy Crystal Chronicles JPN - Complete, 13 shipped.

Legend of Zelda Master Quest Bonus Disc (Full Ocarina Game/Master Quest game on Gamecube) - New/sealed 90 shipped.

Phantasy Star Online Episode I & II - Complete, 50 shipped.

Spiderman 2 - Used, complete, 10 shipped.

Star Wars Rogue Squadron: Rebel Strike Preview Disc - Complete, 18 shipped.

Tom Clancey's Splinter Cell - Complete, 10 shipped.

Super Nintendo:

Eye of the Beholder - 13 shipped.

Final Fantasy Mystic Quest - 18 shipped.

Inindo Way of the Ninja - 22 shipped.

JPN Aladdin - Whatever

JPN NBA Jam - Whatever

MegaMan X - 30 shipped

NFL Quarterback Club - 5 shipped.

Pac Man 2 Adventures of Pac Man - 6 shipped.

Pitfall - 7 shipped.

Populous - 5 shipped.

Super Empire Strikes Back - 10 shipped.

Super Mario World - 14 shipped

Super Mario World - 15 shipped.

Super Return of the Jedi - 12 shipped.

Super Star Wars - 10 shipped.

Taz Mania - 7 shipped.

Genesis:

Aladdin - 10 shipped.

Altered Beast - 7 shipped.

Bernstein Bear: Camping Adventure - 7 shipped.

Chester Cheetah: Too Cool to Fool - 8 shipped.

Desert Demolition (Road Runner/Coyote) - 6 shipped.

Ecco the Dolphin - 6 shipped.

Gunstar Heroes - 50 shipped.

Hook - 5 shipped.

Jurassic Park: Rampage Edition - 6 shipped.

Lion King (x2) - 9 shipped.

Maximum Carnage - Red cart, 12 shipped.

Mig-29 Fighter Pilot - 7 shipped.

Mortal Kombat - 6 shipped.

Mystic Defender - 9 shipped.

NBA Jam - 7 shipped.

NFL 98 - 6 shipped.

Olympic Summer Games - 6 shipped.

Power Rangers - 7 shipped.

Road Rash - 18 shipped.

Shadow Dancer The Secret of Shinobi - Tear on label, 8 shipped.

Shining in the Darkness - 18 shipped.

Sonic 2 (x3) - 6 shipped.

Sonic the Hedgehog (x3) - 7 shipped.

Space Harrier II - 11 shipped.

Street Fighter II Special Championship Edition - 9 shipped.

Tecmo Super Bowl - 11 shipped.

Toy Story - 9 shipped.

Virtua Racing - 10 shipped.

WeaponLord - 11 shipped.

Williams Arcade's Greatest Hits - 8 shipped.

Winter Olympic Games - 7 shipped

World of Illusion Starring Donald Duck and Mickey - 10 shipped.

X-Men - 9 shipped.

X-Men -Box/cart - 15 shipped.

NES:

Battle Chess - 8 shipped.

Bomberman - 25 shipped.

Castlequest - 10 shipped.

Classic Concentration - 8 shipped.

Cobra Triangle - 9 shipped.

Double Dragon - 13 shipped.

Double Dragon III - 20 shipped.

Exodus - 10 shipped.

Faxanadu - 13 shipped.

Final Fantasy - 20 shipped.

Galaga - 12 shipped.

Gauntlet II - 13 shipped.

Ghosts 'N Goblins - 12 shipped.

Hydlide - 7 shipped.

Indiana Jones Temple of Doom (black cart) - 12 shipped

Iron Sword - 6 shipped.

Jeopardy! - 6 shipped.

Legacy of the Wizard - 10 shipped.

Lode Runner - 10 shipped.

Mario 3 - 15 shipped.

Mario Bros / Duck Hunt - 7 shipped.

Mission Impossible - 7 shipped.

Monopoly - 7 shipped.

Mystery Quest - 8 shipped.

Renegade - 8 shipped.

Robocop - 7 shipped.

Rolling Thunder - 8 shipped.

Rush 'n Attack - 7 shipped.

Section Z - 7 shipped.

Shinobi - 18 shipped.

Strider - 8 shipped.

Super Pitfall - 10 shipped.

T&C Surf Design - 10 shipped.

Tecmo Bowl - 14 shipped.

Tecmo World Wrestling - 8 shipped.

Teenage Mutant Ninja Turtles (x2) - 10 shipped.

The Black Bass - 8 shipped.

Time Lord - 7 shipped.

Yoshi's Cookie - 8 shipped.

Nintendo 64:

Army Men: Sarge's Heroes - 12 shipped.

Duke Nukem Zero Hour - 8 shipped

Indiana Jones and the Infernal Machine - 45 shipped.

JPN Yoshi' Story - 15 shipped.

Lego Racers - 15 shipped

Lode Runner 3D - 10 shipped.

Mario 64 - 25 shipped

Pokemon Puzzle League - 20 shipped.

Quest 64 - 15 shipped.

Rogue Squadron (x2) - 15 shipped

Turok Rage Wars Black Cart - 14 shipped

Wave Race - 8 shipped

360:

Assassin's Creed - Used, complete, 10 shipped.

Devil May Cry 4 - Complete, 10 shipped.

Halo ODST + Forza 3 Combo - Complete, 12 shipped.

Halo Ultimate Companion DVD (x2) - 10 shipped.

Last Remnant - Used, complete, 10 shipped.

Perfect Dark Zero - Complete, 9 shipped.

Rainbow Six: Vegas - Complete, 8 shipped.

Xbox:

Armed and Dangerous - Complete, 10 shipped.

Guilty Gear X2 Reload - Complete, 8 shipped.

Star Wars Clone Wars / Tetris Worlds (x3) - New/Sealed - 25 shipped.

Toejam and Earl III - New/Sealed, offer.

Dreamcast:

Draconus: Cult of the Wyrm - Complete, 15 shipped.

NBA 2K1 - Complete, 6 shipped.

Seventh Cross Evolution - Complete, 25 shipped.

Spec Ops II: Omega Squad - Complete, 10 shipped.

Test Drive LE Mans - Complete, 10 shipped.

DS:

Feel the Magic - Used/complete, 9 shipped.

Magnetica - New/sealed 25 shipped

Ping Pals - Complete, 6 shipped.

Touch Detective - New/sealed - 35 shipped

I'll take PayPal, but I really prefer Bitcoin/Stellar and major altcoins and may be more willing to flex price when receiving crypto.

More coming...

Also, when offering in comments or message, please specify what for of payment as it may have a determination of my response (IE preferring crypto, I may go a little lower than USD and traditional payment gateways).

I think I purged everything I sold so far here and on eBay/forums, should be accurate.

Completed trades thread:

https://www.reddit.com/r/mushroomkingdom/comments/9b0tx7/ugameliquidator_completed_sale_thread/



Can you offset an unlimited amount of capital losses against gains if it's in the same calendar year?

I am in the USA

Not sure if many of you know, but the cryptocurrency market is VERY volatile and VERY boom or bust. One can make loads of money quickly, and lose it just the same. Each trade from crypto to crypto has been defined as a taxable event.

Example just for simplicity's sake: I put $1000USD into Bitcoin, and then buy some other crypto coin with that Bitcoin I just bought today, and by, say, July 9th, my $1000 is worth $150,000. I then sell that coin back into Bitcoin, thus making a taxable event (I would have a tax liability of $149k here, as I understand it.), and then using that $150k worth of Bitcoin, I buy into another, different coin. By November 18th, my original $150k investment in this other coin has plummeted down to $5k. I sell back into Bitcoin and then back into US dollars.

I started with $1000, ended with $5000, but in between, I transacted a taxable event that incurred a $149k short term capital gain, as well as a taxable event that incurred a $145k short term capital loss.

Does this mean I am liable for the taxes on a $149k net gain? and I would just spread the $145k loss into a $3k claim for the next 48 years? -- or would that only be true if the GAIN was transacted this year, but the LOSS was transacted in 2020? Say you switch out the date "November 18th" for "February 4th, 2020", then you would be fucked. Or are you fucked in both scenarios?

Thanks in advance.


[Daily Discussion] Saturday, June 01, 2019

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.

Other ways to interact:


Are net gains for a year the only taxable income? Or is every realized gain taxes with only $3k allowed to be offset in the same year?

As many of you know, the cryptocurrency market is VERY volatile and VERY boom or bust. One can make loads of money quickly, and lose it just the same. Each trade from crypto to crypto has been defined as a taxable event.

Example just for simplicity's sake: I put $1000USD into Bitcoin, and then buy some other crypto coin with that Bitcoin I just bought today, and by, say, July 9th, my $1000 is worth $150,000. I then sell that coin back into Bitcoin, thus making a taxable event (I would have a tax liability of $149k here, as I understand it.), and then using that $150k worth of Bitcoin, I buy into another, different coin. By November 18th, my original $150k investment in this other coin has plummeted down to $5k. I sell back into Bitcoin and then back into US dollars.

I started with $1000, ended with $5000, but in between, I transacted a taxable event that incurred a $149k short term capital gain, as well as a taxable event that incurred a $145k short term capital loss.

Does this mean I am liable for the taxes on a $149k net gain? and I would just spread the $145k loss into a $3k claim for the next 48 years? -- or would that only be true if the GAIN was transacted this year, but the LOSS was transacted in 2020? Say you switch out the date "November 18th" for "February 4th, 2020", then you would be fucked. Or are you fucked in both scenarios?

I am in the USA

Thanks in advance.


[Daily Discussion] Saturday, June 01, 2019

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.

Other ways to interact:


[Daily Discussion] Saturday, June 01, 2019

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.

Other ways to interact:


The Community Fund is Live!

We are pleased to announce the release of our newest Genesis Vision offering: The Community Fund.

Voting has closed today and the two coins which will make up the fund in June are...

Bitcoin & EOS

Full information regarding the fund strategy and voting results are below. Voting for the fund allocation in the month of July will open in the final 10 days of June. Thank you to everyone who voted!

The Strategy

We know that most Visioners have their finger on the pulse when it comes to the cryptocurrency market. However, as there are so many coins out there available to invest in it can be hard to keep up to date with everything that is happening with each and every project. Tech developments, roadshows, whitepaper updates, airdrops, partnership announcements and token burns take place almost daily and often these events have a significant impact on a coin's price. So we thought: why not combine our follower's knowledge and create a fund which we can all profit from?

The Community Fund was born from this concept. Each month, we will open up a survey in which each of you are able to vote for the one coin you think will perform the best in the following thirty days. You don't have to provide a reason why you're voting for that coin (and we're sure some people will just keep voting for their biggest bag), however our hope is that the coins with the biggest upcoming events will come out on top. We will take the top two of these coins and each will take a 50% share in the fund. The power is in your hands! Voting will go live in the final 10 days of each month and reallocation will occur at the start of the month.

The Vote

Voting for the first fund allocation went live in mid May. Bitcoin remained well ahead throughout with a total of 11 votes. It was extremely close for second place throughout most of the voting period until the final day when EOS came out in front by a neck.

We received 36 votes and the top ranked coins were as follows:
1st) Bitcoin: 30.6%
2nd) EOS 11.1%
3rd equal) Ethereum, Binance Coin, Basic Attention Token: 8.3%

You can join view all of our investment funds here.

![img](4i3sq4w4an131 " ")

https://i.redd.it/gk3fifc3bn131.jpg


[Daily Discussion] Friday, May 31, 2019

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.

Other ways to interact:


An in-depth analysis of the unique tokenomics of Lynchpin Token

https://i.redd.it/aemkiims8i131.jpg

The Lynchpin Token project was created with a clear purpose in mind: to develop a universal utility token; a stable coin that can be used as a safe medium of exchange without being affected in any way by hype or speculation. The true value of our LYN token lies within a network built around its use. Our unique tokenomics model is based on several core elements: supply, demand, and the 18 decimal point of Ethereum’s ERC20 smart contract model.

Generally speaking, mining and staking are accountable for creating a new token supply. This creates inflation similar to fiat currency, and usually, the last person that purchased a certain coin or token gets affected the most. Bitcoin is the perfect example. Those that bought it $20,000 back in December 2017, now suffer the most. Rather than create a new token supply, we, at Lynchpin Token prefer to pay the gas fees linked to the Ethereum network.

In the following lines, we will try to answer several fundamental questions pertaining to our business model and unique selling proposition. We hope that the answers will help paint a clearer picture of the Lynchpin Token ecosystem, as well as our mission to bring real adoption using LYN token into the market.

We’ve pinpointed four fundamental industry problems in the world of cryptocurrencies. With LYN we can solve them.

1. Hype triggers speculation, leaving no room for real adoption to occur. From an economical perspective, hype creates a bubble that will eventually burst. By using LYN, we control keep the price under control with a low supply and a proprietary merchant adoption program to increase demand.

2. Cryptocurrencies don’t have any real value because there’s no viable story backing up a concept. Most projects offer a vision, an idea, or a concept that might work in the future. We’ve created an utility token with applied benefits now, in the present.

3. There’s no utility proposition to most cryptocurrencies because people can’t use ICO tokens to purchase physical goods. They’ll have to wait for that token to be listed on an exchange, trade it for BTC/ETH, and then trade again for cash. LYN token holders can use LYN to buy physical goods directly from our partners’ websites. (one of our signed partners, is upcoming e-commerce platform Go Buy Bid, but more merchants will be announced soon).

4. Most project issue new token supplies via mininr or staking, triggering inflation and inevitable corrections. LYN token has a limited supply of 5 million LYN (3 million will be locked for 12 months, leaving only 2 million in circulation). We’re not offering any free tokens via airdrops or bounties because we want to create more demand and ensure the constant increase in price of LYN.

Understanding token supply

It’s impossible to put a defined price or set a value on a cryptocurrency without first acknowledging current and future supply. A given coin’s supply plays a fundamental role in establishing a price, but we understand things can get confusing at times. A token’s market cap usually becomes affected by factors like circulating & maximum supply, inflation, lost tokens, airdrops, and more. Understanding circulating supply, as well as the way it uniquely related to a coin is an important part of performing due diligence.

How circulating supply vs. total supply works for LYN token

If you do a quick Google search for CoinMarketCap, you’ll come across thousands of digital coins, each with a different circulating supply listed. Given that each token is different, the circulating supply has to be weighed against that token’s eventual maximum supply.

We, at Lynchpin Token, have divided our tokenomics into two core sections: 

 • Total token supply: 5 million LYN

• Circulating token supply: 4 million LYN

The remaining 1 million LYN tokens from the total token supply is reserved for our internal team and partners. Following the completion of our ICO, there will be a lock-up period of 12 months on: 

• 1 million LYN tokens

• 2 million LYN tokens reserved for our private sale

According to CoinMarketCap, “locked coins cannot be sold on the public market; therefore they do not affect the price of token, nor the market capitalization”. By locking a total amount of 3 million tokens in a safe escrow account for 12 months, we limit supply and increase demand for LYN tokens.

For our public sale, we have reserved 2 million LYN tokens. These are the tokens that won’t be locked away following the completion of our ICO; token holders that purchased LYN during the public sale are free to trade their LYN as soon as the token has been listed on major exchanges.

While we are aware that some people will dump LYN tokens following the ICO, our greatest advantage is the limited supply. After the 12-month lock-up period ends, we estimate LYN token to have already increased 10x, 20x times due to demand. Why we predict there will be tremendous demand for LYN tokens?

Understanding token demand

Token demand is directly linked to the way a token is used. Depending on each project’s business model, demand can either increase or decrease. Lynchpin Token aims to create utility by leveraging several proprietary products and programs:

• LynPay Debit Card solution developed in partnership with LynPay Payment Solutions Pte. Ltd. This debit card will allow you to convert your cryptocurrencies into fiat to make payments for goods and services. To subscribe for one of the cards you would need to buy with your LYN tokens.

• LynPay POS machines which our signed merchants will implement to perform cryptocurrency transactions. This would allow direct payment to merchants using cryptocurrencies (e.g. BTC, ETH, LYN).

• LynPay multi-currency wallet. Version 2.0 of the wallet would make it a one stop solution to do KYC, sell your cryptocurrencies on an exchange, use your debit card, use the wallet to make purchases via the POS machines.

• LynPay merchant adoption program (We have already partnered with upcoming e-commerce platform GoBuyBid, and game development company, RMP Games). LYN tokens will be the main spending currency in the near future.

How token demand works for Lyn token

Since demand goes hand in hand with supply, we’ve chosen to limit our LYN token supply to 5 million LYN tokens throughout our token sale event. We will not be issuing any new tokens to prevent inflation, and we will not have any free airdrops or bounties because we value our investors. Our number one priority is to limit supply to prevent unforeseen LYN token dumps following the completion of our ICO. We believe that a low token supply combined with proper marketing of our uses cases (LynPay Debit Card, POS machines, LynPay merchant adoption program) will create great demand for LYN tokens, leading to outstanding price increases.

In response to our community asking us why we chose to have a total token supply of 5 million LYN tokens, we reply:

“Our aim is to create stability for our LYN token, and we plan to do that by limiting our supply to 5 million tokens. Furthermore, a total amount of 3 million LYN tokens will be locked for 12 months, leaving a limited supply of 2 million LYN tokens for the public. To increase the price of LYN, we are focusing on building strong uses cases for our project, as well as leverage the Ethereum-based 18 decimal point to help increase the intrinsic value of LYN”.

In terms of marketing and community growth strategies, we chose to do cash-based campaigns only based on high-quality PR, content & social media marketing via our channels, events and meetups around the world where anyone can attend to ask questions about the project.

We chose not to set up free airdrops because we believe their scope is to onboard random people with no interest of being part of the Lynchpin Token community. We, at Lynchpin Token, aim to build a loyal community for our project.

Why did we choose the 18 decimal point for LYN token?

Ether, the main cryptocurrency of Ethereum, has 18 decimals. 1 ETH equals 1,000,000,000,000,000,000 wei, which provides greater precision. Basically, we don’t want to limit our users. Take the US dollar for example. The minimum you can own is $0.01; you can’t go any lower than that. Although it may not seem relevant now, we’ve decided to use the 18 decimal standard to allow as many users as possible to own LYN tokens and increase its value.

Although we understand that the zero (0) decimal standard is easier to assimilate, we believe it’s about which unit to use. With ETH, wei permits skipping decimals, meaning that you can’t go lower than 1 wei. Furthermore, preserving the same decimals eases smart contract programming because there’s no need to perform unit conversions (which provides 18 decimal precision).

Conclusion

Many ICOs these days include airdrops and free token giveaways as part of their marketing efforts. But their only goal is to hit their hard cap, not strengthen the community. We’ve seen the strategy backfire many times, because as soon as a coin/token reaches an exchange, it is immediately dumped. We strongly believe in creating a loyal community that truly believes in our project and can help protect it. We don’t offer LYN token packages at a certain amount, and we don’t have any requirements regarding a minimum amount required to purchase LYN tokens. We believe support can come in any form, and everyone can buy as little as 1 LYN token.

The cryptocurrency market is paved with thousands of cryptocurrencies. Before supporting any token, make sure that you understand its tokenomics first. We, at Lynchpin Token, believe that with a solid tokenomics we will be successful with solving the main problems in the industry today. With solid grounding on tokenomics , it will also allow us to be ready for growth and adoption. Any success in adoption will enhance the value for early supporters of the token not devalue it.

Source: Ioana Paicu, Content Writer at Lynchpin Token

|| WEBSITE || WHITELIST || BITCOIN TALK || TELEGRAM || FACEBOOK  ||  TWITTER  ||


Importance of DEXs and Private Key Management in the Wake of Binance Hack

https://i.redd.it/73do1v1x9i131.jpg

9th May, 2019

As we were trying to come up with examples to highlight the importance of decentralization and privacy key management, our case was made stronger by the unfortunate Binance hack yesterday. The biggest crypto exchange in terms of trade volume, at almost $800 million daily, and widely considered reliable and trustworthy hitherto, saw hackers steal $40 million worth Bitcoins from its hot wallets.

Not Your Keys, Not Your Bitcoin

Centralized exchanges such as Binance force users to give up custody in exchange for speed and liquidity. While this is the first attack on Binance, such attacks are quite common — over $2 billion has been stolen from centralized exchanges in just 2018!

There are two key solutions which we believe can completely eliminate exchange-level hacks — decentralized exchanges and private key management solutions.

Decentralized Exchanges

Decentralized Exchanges (DEXs), especially 0x-based exchanges such as ForDeX and Radar Relay are the real deal, long term.

DEXs capture the true power of blockchains and smart contracting. Centralized Exchanges are not ‘crypto-native’, they are a traditional market construct that has been force fitted into the blockchain paradigm. Unlike a centralized exchange like Nasdaq which will make you ‘whole’ in the unlikely event that they somehow misplace any of your shares, with crypto centralized exchanges, you are just letting your tokens sit in massive hacker honey pots that are ridiculously easy to hack, without any recourse in case the exchange loses your coins.

In contrast, DEXs are completely trustless, peer-to-peer and have modularization that lets developers separate the platform from the regulatory aspects such as fiat on-off ramps and KYC/AML filters. In an era of rampant hacks and assaults on privacy, DEXs provide an element of true anonymity, much like SSL (Secure Socket Layers) did in the the early days of the internet, truly kicking off e-commerce and transactions on the internet.

DEXs allow for the use of smart contracts to programmatically bring together multiple facets of decentralization that define the new era of distributed finance (DeFi), such as lending and borrowing, leveraging, automated credit assessment (Dharma, Compound, DyDx, Bloom, SALT, ETHLend, etc). DEXs along with stablecoins can also create a robust marketplace for remittances.

In a tokenized economy, DEXs will become critical in seamless value exchange between a diverse array of market participants, most of whom will not be aware that they are being served by a DEX in the background. It is no wonder that the largest centralized exchanges of today such as Coinbase, Binance et al are investing heavily in building and developing DEX technology.

Do DEXs have a problem in the short term? Absolutely, like every other crypto project out there, DEXs have their share of issues. There is the latency, but technologies like Plasma are in the works to solve these. Regulation is still getting to grips with DEXs, as seen from the recent EtherDelta incident. However, the paradigm shift does not happen easily, it is going to take a few iterations. For all we know the end-state for DEXs look as similar to today’s relayers as the iPhone does to the early Ericsson mobile phones!

Investing is like a surfer holding out for the next wave, as Michael Novogratz says. Just hold on. The key is to hold on to a seat when the music stops, so that you are in the game when the markets turn, and the music begins again!

Private Key Management Solutions

Private key management is a complicated, esoteric task and not many users have the technical nous to manage the keys by themselves. Private keys require extreme care and consideration with regards to storage and security. A failure to maintain the utmost of care may result in loss or theft of cryptocurrency. Anyone who has been around the cryptocurrency space for some time has probably heard about cryptocurrency theft. The importance of prudent private key management is further exacerbated by the fact that blockchain transactions are by default irreversible. Once your funds get hacked, it is almost next to impossible to retrieve these lost funds. Crypto custody firms use a combination of cold storage and Hardware Security Module (HSM) solutions to minimize the threat of external hacks.

Centralized exchanges, at least in their current avatar, have a fatal flaw — they are essentially honeypots under constant attack from a variety of motivated, unscrupulous, hackers from around the globe, 24×7; the increasing number of exchange hacks highlights the structural deficiencies in the way crypto exchanges manage private keys for their users. A massive architectural overhaul is needed to guarantee the safety of user funds. This is also the reason why multiple players — ranging from startups to traditional Wall Street institutions (JP Morgan, BNY) to crypto-native entities (such as Coinbase), are all trying to solve the problem of safe, reliable, custody.

We believe that there are multiple strong wallets and retail-level custody solutions which can protect investors from being exposed to the above mentioned hacks. Many are compatible with DEXs such as ForDeX, giving users complete access to their funds while trading.

For the moment, we recommend that you stick to your friendly, neighborhood DEX such as ForDeX ;)for all your crypto trading needs, wherever you are.

— — —

ForDeX is the world’s first stablecoin-focused relayer and is built on top of the 0x-Protocol. Within a few weeks of launch, it is now a Top-5 relayer and is a recipient of 0x Ecosystem Acceleration Grant.

If you are interested in partnering with us, please do not hesitate to reach out to us at [partnership@fordex.co](mailto:partnership@fordex.co?utm_campaign=Satoshi%26Co%20Daily%20Crypto%20Newsletter&utm_medium=email&utm_source=Revue%20newsletter). Keep track of our progress on the following channels:Reddit, Twitter, Medium and Telegram.


[Daily Discussion] Friday, May 31, 2019

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.

Other ways to interact:


Betbox

With the cricket world cup in full swing and everybody in party mode, don't you think it is time to activate https://betbox.app/ for this momentus ocction. With the games going on it is time to make bets with friends or family , with work collueges or on betbox itself. Make it fun between you and your friends while you are earning OX tokens for everybody that is involved. betbox makes all events fun and excitting, especially if there is a world cup.

It is not only the cricket world cup that is currently running on Betbox. There is boxing, what is the price of Bitcoin going to be after the weekend, Coti IEO on Kucoin and many more to choose from. On Betbox you will find all kinds of poll or troll events going. There is something for all of us. I've been part of Betbox on telegram and managed to accumalate a few OX tokens on the poll or troll events. For me is to take joy in what I'm doing and I realy enjoy Betbox.With the enjoyment I also get a small reward. Be the champion you always wanted to be and go for gold.

Done by Vikingboer. "Bounty0x

https://i.redd.it/54apwlq4uh131.jpg