Thursday, August 8, 2019

BitcoinSoV Purchase Tutorial: Starting from Scratch

With BitcoinSoV growing and becoming a real player in the cryptocurrency space, people seem to want to know 2 things: "Where/How can I buy it?", and "How can I mine it?" We have created a couple mining tutorials which can be found in this subreddit, and here is your *Buying BSOV* tutorial guide!

I am going to outline how to buy BSOV as if you have no idea how to even purchase Ethereum on Coinbase. That way anyone with various degrees of experience, very little or a seasoned veteran, can take advantage of the opportunity to hold/trade BSOV.

The first step, is going to Coinbase.com and creating an account and verifying your personal and billing information so you are able to buy Ethereum to transfer from Coinbase to your MetaMask wallet, which will be synced with DDEX (DDEX is a decentralized exchange, so they use your wallet for trading directly to other users.)

After you have purchased your Ethereum (Ethereum must be bought to convert to WETH (Wrapped Ethereum) when you connect to DDEX), You must sent it to a MetaMask wallet. To open a MetaMask wallet, download the google chrome extension here https://chrome.google.com/webstore/detail/metamask/nkbihfbeogaeaoehlefnkodbefgpgknn?hl=en .

Once you have created a Metamask Account/Wallet, be sure to save your seed phrases in a safe, secure location for if you lose access to your account and you do not keep your seed phrases, your wallet and its funds are gone forever. After you've saved your seed phrases you can send the Ethereum you have bought on Coinbase to the Metamask wallet address your account is assigned (in Coinbase, there will be a little arrow in the top right hand corner of your ETH wallet which will allow you to send). Now that you have some Ethereum in your wallet, you can now connect to DDEX, but theres still a couple more steps. (P.S. if you have BitcoinSoV tokens you must add them manually to your wallet by selecting "add tokens" and entering the tokens contract address in the field provided (0x26946ada5ecb57f3a1f91605050ce45c482c9eb1 is the contract address)).

Since DDEX uses "Wrapped Ethereum", which is just Ethereum which can interact and be traded with other ERC20 tokens (ETH was created before ERC20 standard existed, therefore it does not conform to it) you have to convert it. To convert your ETH to WETH, you must first connect your MetaMask wallet with DDEX. This can be accomplished by going to https://ddex.io/trade/BSOV-WETH . Once you hit "connect" when the request pops up to connect your wallet, you will be brought to the BSoV trading screen. From here all you have to do is go to the balances tab, click "Wrap ETH" and you will be asked to pay a gas fee to wrap however much ETH you wish. After doing this DDEX will verify that the transaction has gone through and there you have it! You are able to trade using DDEX with the BSoV/WETH trading pair! You can place buy/sell orders of your choosing.

This is a very basic tutorial and I will be adding images later on to help those who may still be having trouble using DDEX. If this tutorial is not helpful, feel free to join our telegram community and an admin or community member can assist you.

Thanks for reading, and as always Happy Mining & Trading!

#BitcoinSoV - $BSoV Chris

[Daily Discussion] Friday, August 09, 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.

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08-09 05:43 - 'Now that bitcoin is past $10,000 again will bitcoin keep on rising until its at $20,000 by the end of 2019?' (self.Bitcoin) by /u/lisamartinez_ removed from /r/Bitcoin within 66-76min

'''

As many experts pointed out, BTC going above the key psychological $10,000 mark is likely to trigger FOMO (i.e., fear of missing out), according to Fundstrat’s Tom Lee, who adds that bitcoin can now easily take out its all-time highs.

Other market analysts, such as Tone Vays, however, disagree. He told Cointelegraph:

“I actually don’t think it’s important at all. The $10,000 benchmark did nothing to slow down price back in 2017. And it looks like it did nothing to slow down the prices here in 2019.”

Institutions, not retail, in the driver’s seat

Bitcoin broke through into the mainstream in late 2017. At the time, its historic surge to nearly $20,000 was driven mainly by retail investors. This time, however, the public is still largely on the sidelines, according to Google Trends.

In fact, the number of Google searches for “bitcoin” is only around 10% of what they were in 2017. In other words, retail investor FOMO has not even started yet, which may suggest that BTC price could go much higher than last time.

People dont realise that there are other options of making more on Bitcoin and other cryptocurrency. example , investing on platforms like Vertex Capital ([[link]^² ) where you get double of your invested cryptocurrency after 7days. With that, you cant lose on cryptocurrency. Thank me later.

On the other hand, institutional demand for bitcoin has soared. As of June 17, open interest at CME Group saw 5,311 contracts totalling 26,555 BTC, or approximately $246 million — dwarfing the volumes during the 2017 price peak.

“CME Bitcoin futures (BTC) shows growing signs of institutional interest,” CME Group tweeted June 18.

“BTC open interest rose by a record 643 contracts in a single day, establishing a new all-time high of 5,311 contracts on June 17 (26,555 equivalent bitcoin; ~$250M notional).”

Other indicators, such as the GBTC price premium as well as record volume for bitcoin derivatives exchange BitMEX (on a Saturday!), also suggests that “smart money” is pouring in.

Network fundamentals better than ever

As Cointelegraph reported on Friday, hash rate hit a new all-time high at over 65,000,000 TH/s. In other words, Bitcoin is more secure than ever and would require an unfathomable amount of computing power to affect the network.

Meanwhile, other fundamentals have also grown in lockstep with hash rate. Daily on-chain transaction volume, block size and other metrics are also confirming that more people than ever are using bitcoin.

Additionally, network transaction fees have remained relatively low compared to 2017, with optimizations like segwit and off-chain scaling solutions like the lightning network helping ease congestion.

Bitcoin reward halving still 9-10 months away

The latest rally to five figures is also happening way before the Bitcoin block reward halving set for May 2020. This is when mining block rewards will be cut from 12.5 to 6.25 BTC, thus reducing the bitcoins minted by miners who are naturally market sellers.

Interestingly, the previous halving event occurred in the summer of 2016 — or more than a year before the price skyrocketed.This time, however, BTC/USD appears to be front-running the event, as the halving is still 333 days away.

A popular bitcoin market analyst known as PlanB suggests that investors may not be waiting this time around for the expected reduction in supply. He added:

“Front running would be in line with Efficient Market Hypothesis: if you believe S2F and that BTC will be $50k May 2020, why wait?”

The bigger macroeconomic picture:

Of course, intraday BTC price moves are not as important for low time preference investors. These “hodlers” are confident that bitcoin — with its fixed supply — will outperform fiat currencies, whose supply is growing at an accelerating pace over the long term.

On June 18, European Central Bank head Mario Draghi hinted that a monetary stimulus is on the way if the economy doesn’t improve. This is an increasingly dovish tone that was applauded by the financial sector.

At the same time, Draghi was criticized by United States President Donald Trump, who said this would spark unfair European competition against the U.S., whose federal reserve is also suggesting it will hold off on raising interest rates.

Morgan Creek co-founder Anthony Pompliano tweeted that this will make bitcoin even more scarce as interest rates go lower and more fiat currency is created:

Therefore, the biggest macroeconomic picture looks bright for bitcoin investors who are dumping ever-depreciating fiat currencies for hard-capped “digital gold.”

What’s more, investors are starting to not only realize that bitcoin’s supply is fixed and transparent, but it’s also the world’s first neutral, open-access money that no authority can control.

In other words, what the internet did to information, bitcoin is starting to do to money.

Historic BTC market cycles, rising institutional interest alongside an increasingly robust network fundamentals, as well as the confirmed depreciating value of fiat currencies, could all propel bitcoin’s price orders of magnitude higher than in 2017.

'''

Now that bitcoin is past $10,000 again will bitcoin keep on rising until its at $20,000 by the end of 2019?

Go1dfish undelete link

unreddit undelete link

Author: /u/lisamartinez_

1: th*verte*ca**tal.co*/
2: theve*texcapi**l.***/]^^1

Unknown links are censored to prevent spreading illicit content.

What is Bitcoin? Why does it have value? What's the point of all this anyway?

Bitcoin: a Peer-to-peer Electronic Cash System

Abstract.

A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers. The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone.

Introduction

Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments. While the system works well enough for most transactions, it still suffers from the inherent weaknesses of the trust based model. Completely non-reversible transactions are not really possible, since financial institutions cannot avoid mediating disputes. The cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small casual transactions, and there is a broader cost in the loss of ability to make non-reversible payments for non- reversible services. With the possibility of reversal, the need for trust spreads. Merchants must be wary of their customers, hassling them for more information than they would otherwise need. A certain percentage of fraud is accepted as unavoidable. These costs and payment uncertainties can be avoided in person by using physical currency, but no mechanism exists to make payments over a communications channel without a trusted party.

What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party. Transactions that are computationally impractical to reverse would protect sellers from fraud, and routine escrow mechanisms could easily be implemented to protect buyers. In this paper, we propose a solution to the double-spending problem using a peer-to-peer distributed timestamp server to generate computational proof of the chronological order of transactions. The system is secure as long as honest nodes collectively control more CPU power than any cooperating group of attacker nodes.

[uncensored-r/Bitcoin] Now that bitcoin is past $10,000 again will bitcoin keep on rising until its at $20,000 by the en...

The following post by lisamartinez_ is being replicated because the post has been silently removed.

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

np.reddit.com/r/ Bitcoin/comments/cnxat7

The original post's content was as follows:

As many experts pointed out, BTC going above the key psychological $10,000 mark is likely to trigger FOMO (i.e., fear of missing out), according to Fundstrat’s Tom Lee, who adds that bitcoin can now easily take out its all-time highs.

Other market analysts, such as Tone Vays, however, disagree. He told Cointelegraph:

“I actually don’t think it’s important at all. The $10,000 benchmark did nothing to slow down price back in 2017. And it looks like it did nothing to slow down the prices here in 2019.”

Institutions, not retail, in the driver’s seat

Bitcoin broke through into the mainstream in late 2017. At the time, its historic surge to nearly $20,000 was driven mainly by retail investors. This time, however, the public is still largely on the sidelines, according to Google Trends.

In fact, the number of Google searches for “bitcoin” is only around 10% of what they were in 2017. In other words, retail investor FOMO has not even started yet, which may suggest that BTC price could go much higher than last time.

People dont realise that there are other options of making more on Bitcoin and other cryptocurrency. example , investing on platforms like Vertex Capital (https://thevertexcapital.com/) where you get double of your invested cryptocurrency after 7days. With that, you cant lose on cryptocurrency. Thank me later.

On the other hand, institutional demand for bitcoin has soared. As of June 17, open interest at CME Group saw 5,311 contracts totalling 26,555 BTC, or approximately $246 million — dwarfing the volumes during the 2017 price peak.

“CME Bitcoin futures (BTC) shows growing signs of institutional interest,” CME Group tweeted June 18.

“BTC open interest rose by a record 643 contracts in a single day, establishing a new all-time high of 5,311 contracts on June 17 (26,555 equivalent bitcoin; ~$250M notional).”

Other indicators, such as the GBTC price premium as well as record volume for bitcoin derivatives exchange BitMEX (on a Saturday!), also suggests that “smart money” is pouring in.

Network fundamentals better than ever

As Cointelegraph reported on Friday, hash rate hit a new all-time high at over 65,000,000 TH/s. In other words, Bitcoin is more secure than ever and would require an unfathomable amount of computing power to affect the network.

Meanwhile, other fundamentals have also grown in lockstep with hash rate. Daily on-chain transaction volume, block size and other metrics are also confirming that more people than ever are using bitcoin.

Additionally, network transaction fees have remained relatively low compared to 2017, with optimizations like segwit and off-chain scaling solutions like the lightning network helping ease congestion.

Bitcoin reward halving still 9-10 months away

The latest rally to five figures is also happening way before the Bitcoin block reward halving set for May 2020. This is when mining block rewards will be cut from 12.5 to 6.25 BTC, thus reducing the bitcoins minted by miners who are naturally market sellers.

Interestingly, the previous halving event occurred in the summer of 2016 — or more than a year before the price skyrocketed.This time, however, BTC/USD appears to be front-running the event, as the halving is still 333 days away.

A popular bitcoin market analyst known as PlanB suggests that investors may not be waiting this time around for the expected reduction in supply. He added:

“Front running would be in line with Efficient Market Hypothesis: if you believe S2F and that BTC will be $50k May 2020, why wait?”

The bigger macroeconomic picture:

Of course, intraday BTC price moves are not as important for low time preference investors. These “hodlers” are confident that bitcoin — with its fixed supply — will outperform fiat currencies, whose supply is growing at an accelerating pace over the long term.

On June 18, European Central Bank head Mario Draghi hinted that a monetary stimulus is on the way if the economy doesn’t improve. This is an increasingly dovish tone that was applauded by the financial sector.

At the same time, Draghi was criticized by United States President Donald Trump, who said this would spark unfair European competition against the U.S., whose federal reserve is also suggesting it will hold off on raising interest rates.

Morgan Creek co-founder Anthony Pompliano tweeted that this will make bitcoin even more scarce as interest rates go lower and more fiat currency is created:

Therefore, the biggest macroeconomic picture looks bright for bitcoin investors who are dumping ever-depreciating fiat currencies for hard-capped “digital gold.”

What’s more, investors are starting to not only realize that bitcoin’s supply is fixed and transparent, but it’s also the world’s first neutral, open-access money that no authority can control.

In other words, what the internet did to information, bitcoin is starting to do to money.

Historic BTC market cycles, rising institutional interest alongside an increasingly robust network fundamentals, as well as the confirmed depreciating value of fiat currencies, could all propel bitcoin’s price orders of magnitude higher than in 2017.

Have you signed up for LUCKY.io yet? This step-by-step guide will get the ball rolling #cryptocurrencies #bitcoin #Lucky #crypto #casino #igaming lucky.io @luckyioofficial

#cryptocurrencies #bitcoin #Lucky #crypto #casino #igaming lucky.io @luckyioofficial

[Daily Discussion] Friday, August 09, 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:

Get an invite to live chat on our Slack group
Set your flair to trade pretend money in the Flair Game
Weekly threads: Newbie Mondays and Fundamentals Fridays

[Daily Discussion] Friday, August 09, 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:

Get an invite to live chat on our Slack group
Set your flair to trade pretend money in the Flair Game
Weekly threads: Newbie Mondays and Fundamentals Fridays
Altcoins Discussion: Altcoin Discussion

[Altcoin Discussion] Friday, August 09, 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:

Get an invite to live chat on our Slack group and check out the #altcoins channel
Daily Discussion for bitcoin only: Daily Discussion
Prior Altcoin Discussion: Altcoin Discussion

Now that bitcoin is past $10,000 again will bitcoin keep on rising until its at $20,000 by the end of 2019?

Other market analysts, such as Tone Vays, however, disagree. He told Cointelegraph:

“I actually don’t think it’s important at all. The $10,000 benchmark did nothing to slow down price back in 2017. And it looks like it did nothing to slow down the prices here in 2019.”

Institutions, not retail, in the driver’s seat

People dont realise that there are other options of making more on Bitcoin and other cryptocurrency. example , investing on platforms like Vertex Capital (https://thevertexcapital.com/) where you get double of your invested cryptocurrency after 7days. With that, you cant lose on cryptocurrency. Thank me later.

“CME Bitcoin futures (BTC) shows growing signs of institutional interest,” CME Group tweeted June 18.

“BTC open interest rose by a record 643 contracts in a single day, establishing a new all-time high of 5,311 contracts on June 17 (26,555 equivalent bitcoin; ~$250M notional).”

Other indicators, such as the GBTC price premium as well as record volume for bitcoin derivatives exchange BitMEX (on a Saturday!), also suggests that “smart money” is pouring in.

Network fundamentals better than ever

Bitcoin reward halving still 9-10 months away

A popular bitcoin market analyst known as PlanB suggests that investors may not be waiting this time around for the expected reduction in supply. He added:

“Front running would be in line with Efficient Market Hypothesis: if you believe S2F and that BTC will be $50k May 2020, why wait?”

The bigger macroeconomic picture:

Morgan Creek co-founder Anthony Pompliano tweeted that this will make bitcoin even more scarce as interest rates go lower and more fiat currency is created:

Therefore, the biggest macroeconomic picture looks bright for bitcoin investors who are dumping ever-depreciating fiat currencies for hard-capped “digital gold.”

In other words, what the internet did to information, bitcoin is starting to do to money.

[Daily Discussion] Friday, August 09, 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:

Get an invite to live chat on our Slack group
Set your flair to trade pretend money in the Flair Game
Weekly threads: Newbie Mondays and Fundamentals Fridays

Dan, Chief Research Officer of BTCC interviewed by Nvxia Blockchain

During the live broadcast session, BTCC CRO Dan introduced the history of BTCC and addressed the team’s commitment to crypto exchange industry.

The Host : Nvxia Chen, founder of Nvxia Blockchain & The Guest: Dan, CRO of BTCC

The Host:

Hello everybody. Dan, Chief Research Officer of BTCC is invited today, let’s welcome him. As we all know, BTCC is the world’s longest-running crypto exchange. Before we start, let’s invite Dan to introduce himself and BTCC.

Dan: I’m Dan, CRO of BTCC, from Taiwan. I worked in finance before I got into the crypto world in 2013.

BTCC is a bridge that connects the traditional finance and the crypto field. Bitcoin has been created less than a decade. However, the successful model of international finance has been through the ordeal which lasted for decades. Therefore, we put the successful experience of international finance into the field of cryptocurrency, breaking the situation that users have no choice but to accept the unfair rules made by the crypto exchanges.

BTCC as the world’s longest-running crypto exchange for 8 years, we want to lead the cryptocurrency exchange industry to provide a more regulated and fairly investment environment.

The host: It will be a positive impact on the field if BTCC duplicates the successful experience of traditional finance into the crypto field. However, I would like to ask if BTCC equals BTC China?

Dan: BTCChina was founded in 2011, the first crypto exchange in China. After several years of hard work and growth, we are not only a crypto exchange that we provide integrates blockchain services, such as crypto wallets, payment services, and as well as mining pool. Therefore, we need an international brand to provide better services for users all over the world.

That’s why we rebranding our name from BTCChina to BTCC in 16th September 2015, and launch the domain of btcc.com.

The major medias like Coindesk also reported our rebranding event. Actually, BTCC is well adopted by the global market, even Forbes Magazine has interviewed with BTCC.

The host: Is it true that BTCC was acquired by a Hong Kong blockchain investment fund?

Dan: There had been a difficult time in the crypto field in China back to September 4th, 2017.

As for the outside world, BTCC has been acquired by a Hong Kong blockchain investment fund in January 2018. For us, who worked at BTCC, everything is unchanged. The BTCC logo, the engineers, the team, and assets remain unchanged. BTCC company upgrades to BTCC group, and establishes new offices in the United Kingdom and Hong Kong.

The host: What the relationship between BTCC and the co-founder of BTCChina, Linke Yang?

Dan: As I talked before, “BTCChina” is an old name, and rebrand as BTCC since 2015 to reach on a global scale. However, Linke Yang, the co-founder of BTCChina still maintains feelings about the abandoned name, and currently retained the BTCChina brand only.

However, He holds no retainer over BTCC’s team or assets in the company.

The host: So, what’s BTCC focus on now?

Dan: BTCC focuses on providing a fairly crypto contract trading platform. As the world’s longest-running crypto exchange runing for 8 years, BTCC always put the users at first place, providing better products and services.

You’ll see people talking about our new product — BTCC Perpetual Contract.

The host: Seems BTCC’s new product will soon be presented to the public. There are lots of crypto exchange in the market, what’s the advantages of BTCC over other crypto exchanges?

Dan: As mentioned, BTCC is going to duplicate the successful experience of traditional finance into the crypto field to solve the problems.

First, liquidity, BTCC provides top-end market depth to make sure the transaction will process with the best price for the users. Most of the crypto exchange lack of liquidity that large orders can only partially fulfill.

Second, Market fairness. BTCC index is weighted quotation of the Spot Price of 8 leading crypto exchanges, avoiding the users’ contract being forced-liquidated due to the market manipulation of one or two exchanges.

BTCC has always led the way in innovation as well. BTCC is the first to add spot delivery to its perpetual contract to help enable users to choose either cash or spot delivery. Besides CME, other crypto exchanges don’t have the ability for physical delivery of a position.

Zero clawback. Most of the contract platform has a full account clawback system that users will share the forced-liquidated loss. The rule is unfair that forces investors to bear the loss from others.

BTCC has top risk management team and tens of thousands of BTC are reserved as a risk insurance fund, covering the margin call loss.

In addition, we invest a lot in building a professional trading system to provide continuous services .

The host: These points answered my concern. I have another question that 100 times leverage sounds risky, will BTCC provides leverage trade?

BTCC offers 5x, 20x and 100x leverage. Higher leverage provides the efficiency of funds to investors, it makes the investment more flexible.

Making good use of leverage tools is advised. The account with an insufficient margin will be forced to close the order when the market fluctuates fiercely.

In comparison, the robot trading is forbidden in the BTCC platform. Every quote is reliable and allowed to be inspected. Market manipulations will not happen in BTCC by design.

The demo account is also equipped. It helps clients to familiarize themselves with the platform.

The host: Has BTCC ever planned to launch tokens? Since many exchanges have launched their platform tokens.

Dan: BTCC had launched tokens before but soon repurchased all in 2018 due to the market supervision and law regulations. Even though the bitcoin’s market value was gloomy at that time. BTCC, as a reliable crypto exchange insisted on repurchasing all the tokens, proves that BTCC puts clients’ benefits in the priority.

The host: What are the new prospects of BTCC?

Dan: BTCC closed its spot exchange and focus on perpetual contract products. The pain point for investors is that there isn’t any fair and credible contract trading platform on the market. BTCC strives for being an innovator and a pioneer to create a more fair and transparent crypto trading platform to clients.

The host: The last question is for the BTCC promotion event. Is it true that deposit 5,000 dollars get 5,000 dollars rewards? Are there any extra requirements?

Dan: When new clients deposit 5,000 dollars for the first time, they will get 5,000 dollars added into their account as rewards. However, a certain amount of trades needs to be completed by clients in order to claim the rewards.

Bitcoin rebate is another promotion. As long as clients deposit 2,000 dollars and complete 250 lots valid trades will get 0.025 bitcoin as rewards. It shows that BTCC has sufficient storage of bitcoins and the capacity to deliver physical bitcoins.

The host’s summary:

Today BTCC’s sharing is very sincere and has a high level of industry. BTCC is a real big brother of the crypto trading field, and its product is trust worthy. From the aspect of a normal crypto trading user, we all need a crypto exchange with liquidity and transparent market.

Read the original Chinese version:

女侠灵魂拷问第十二期：八年交易所 BTCC 携合约归来你大哥还是你大哥吗？

[Daily Discussion] Friday, August 09, 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:

Get an invite to live chat on our Slack group
Set your flair to trade pretend money in the Flair Game
Weekly threads: Newbie Mondays and Fundamentals Fridays

Crypto Startups Still Raising Millions in Capital Despite ICO Decline

https://i.redd.it/q2kyxwtmq4f31.png

In late July 2019, Sony Financial Ventures joined a $14.5 million funding round for Bitcoin (BTC) bank Bitwala. Back in 2017 and 2018, such a figure might not have made many headlines, as crypto startups were raking in hundreds of millions of dollars in initial coin offerings (ICOs).

The ICO boom has, however, stalled significantly, with fundraising figures for 2019 a far cry from the massive amounts earned by projects in the two years prior. Many of the tokens that came about during the ICO mania have also lost most of their post-offering value. Since the late 2017 crypto mania, there has been a considerable uptick in regulatory scrutiny of the industry as a whole.

While the ICO boom might have waned since the middle of 2018, there is still a lot of activity in the crypto fundraising space. The only difference is that, like much of the broader industry, the prevailing narrative appears to be taking on a paradigm shift — one that crypto proponents hope is tending toward making cryptocurrencies a more mature asset class.

Major ICOs of 2019

Data from ICO analytics firm ICOdata.io shows that token sales have raised more than $340 million in 2019 from 83 crypto fundraising events. Monthly figures for 2019 can be seen in the chart below.

📷

To put the ICO decline in perspective, token sales raised more than $900 million in June 2018 alone. On the whole, 2018 saw ICOs raise more than $7.8 billion from a total of 1,253 projects. In the previous year, 853 projects collected over $6.2 billion from token sales. So far, only March and May 2019 have recorded more than $100 million in ICO sales. The following are some of the major ICOs in 2019.

Tron Game Global raised about $80 million in its ICO, which took place between mid-April and mid-June 2019. The project focuses on developing blockchain-based internet decentralization protocols.
Algorand managed to raise close to $60 million during its June 17 ICO. The crypto project seeks to utilize proof-of-stake (PoS) in ensuring instant and scalable transactionprocessing. Coinbase recently announced plans to list the token along with seven others as part of its catalog expansion.
Coti earned $15 million during its June 4 to July 3 ICO sale. The blockchain paymentprotocol is aiming to connect merchants, governments, stablecoin issuers, etc.

Reports also emerged that Telegram would be conducting the public phase of its billion-dollar ICO. Back in 2018, Telegram raised $1.7 billion for its Telegram Open Network (TON) project — the second-highest-grossing token sale behind EOS, which pulled in $4 billion.

In an email to Cointelegraph, Joe DiPasquale, CEO of BitBull Capital — a crypto and blockchain hedge fund firm — commented on the factors that contributed to the decline of ICOs. According to DiPasquale:

“The ICO market was largely driven by greed, as speculators scrambled, hoping to find the next ETH. Unfortunately, the space was rife with scams as people soon realized they could raise hundreds of thousands if not millions, with vague promises and plagiarized whitepapers. Without a solid foundation, the bubble was destined to pop, and it is unlikely we will return to the ICO hype of 2017 and 2018. Instead, however, we may see a more standardized approach to crowdfunding develop, as is the case with security token offerings, which are in the works.”

ICO alternatives taking center stage?

Within the current narrative of a decline in ICOs, some commentators believe that there is significant interest in the sale of cryptocurrency tokens as an investment in blockchain-based startups. In a private correspondence with Cointelegraph, Igor Chugunov, CEO of Credits — a blockchain startup that focuses on decentralized application (DApps) development — declared that there is a continued interest in ICOs.

For Chugunov, there are still individual and corporate investors looking to put up equity in emerging projects that aim to use put blockchain technology to innovative uses across several aspects of the global business process. Providing further commentary on the matter, the Credits CEO added in an email to Cointelegraph that ICOs are now evolving into security token offerings (STOs) and initial exchange offerings (IEOs), declaring:

“Yes, we have to admit that the volume of fund-raising through ICOs has declined significantly. But let's take into account that ICO is just a tool that is being improved and assumes new formats like STOs and IEOs. Innovative approaches to raising funds is an integral part of modern market realities. In my opinion, the decline in interest in such instruments like ICO is primarily associated with the strengthening positions of regulators in the market and the investor's transition to a new degree of his evolution in the areas of market research, risk management, and capital management.”

The current cryptocurrency investment climate

With ICOs experiencing a massive decline, the narrative has shifted to other fundraising methods for cryptocurrency startups. Back in mid-June, Cointelegraph reported on Fireblocks — a digital asset cybersecurity startup — raising about $16 million in a Series A funding round from venture capitalists (VCs).

Amid the ICO mania, there have also been companies that have steadily accrued capital funding via VCs. Some of the major crypto-businesses like Circle and Coinbase have received millions of dollars from VC investors at different points in time. Commenting on the VC approach to investing in the digital asset space, DiPasquale surmised:

“VCs and seasoned investors in the crypto space are not attracted to hype. They seek solid teams with sound ideas and take a milestone-based approach to investments. Even in private rounds, they seek early entries to ensure maximum ROI and low risk. The general narrative is to identify new protocols and services which allow interoperability between various blockchains and support building infrastructures on top of them.”

Despite the crypto winter of 2018 that saw prices of digital tokens plummet by more than 80% across the market, VCs continued to invest in cryptocurrency projects. VCs reported invested more than $2.85 billion in crypto and blockchain projects in 2018.

While this figure might seem significant, it pales in comparison to the total outlay of VC equity investments in businesses throughout 2018. Data from Crunchbase shows that VCs put up more than $350 billion in private funding rounds. Echoing DiPasquale’s sentiments, Chugunov provided further explanation as to why VC involvement in the crypto space is still relatively insignificant, opining:

“Venture capital has not lost its interest in investing in cryptocurrencies, but the requirements for projects, in particular for products, teams, economic models and adhering to the roadmaps have grown significantly.”

As reported by Cointelegraph, cryptocurrency lender BlockFi has received about $18 million in Series A funding from VCs led by Peter Thiel’s Valar. The growing pre-eminence of venture funding in the crypto space also lends itself to sensible investments in projects that could possibly turn out to be economically viable. According to a previous Cointelegraph report, BlockFi has more than $53 million in customer cryptocurrency assets under management.

This arguably sensible investment strategy is in stark contrast to the high yield investment product vibe of the ICO era. With only a white paper and a vague business plan, most been unable to live up to their lofty self-set goals.

By Osato Avan-Nomayo

[Daily Discussion] Friday, August 09, 2019

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[Daily Discussion] Friday, August 09, 2019

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[Daily Discussion] Thursday, August 08, 2019

Thread topics include, but are not limited to:

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USDQ

What Is USDQ and Q DAO? Complete Guide from PLATINUM ENGINEERING

Mihaill Kudryashev, a Front-end engineer at PLATINUM ENGINEERING, wrote this article while seeking to raise awareness about USDQ, a stablecoin his team is helping to develop. Among the biggest benefits, USDQ brings full decentralization and predictive capabilities. Soon there will be even more fully backed stable coins: JPYQ, KRWQ, SGDQ, HKDQ, CNYQ, RUBQ under Q DAO governance. Slowly learning more about blockchains, Mihail has been effective in transforming vague ideas into effective front-end solutions with strong UI/UX. Within his team, he’s helped many crypto startups to make their voice heard throughout the emerging global crypto community. In this article, Mihail looks into the key benefits that users win from using USDQ.

USDQ brings stability, with no need to engage legacy finance

How do USDQ and Q DAO coins work within the ecosystem?

USDQ is decentralized stablecoin, which uses algorithms to offer higher stability and reliability. It's backed by Bitcoin (another top 10 cryptocurrencies will be added in future). The elegant system places all transactions on the blockchain and empower users to execute cross-border and disintermediated transactions at any time and from any place. It's pegged to the value of USD, i.e. 1 USDQ always equals 1 USD. The ecosystem's design borrows heavily from fractional banking systems. In the nutshell, USDQ is a customer-facing stablecoin and Q DAO is an internal "operational" coin; together they help create a stabilized safe haven for anybody who's looking to hedge against rampant volatility of crypto markets.

Introduction to Q DAO and USDQ

There's a number of factors that prevent mass adoption of cryptocurrencies. The biggest factor among this is high volatility, seen in crypto. Bitcoin, the oldest and most popular coin, has been fluctuating with prices oscillating between 20,000 and 3,500 in just one year of 2018. No potential adopters, be it merchants or individuals, would be happy with suffering huge losses that such drastic changes can entail. And it's this high volatility that USDQ is set to address, bringing stability and convenience.

Tether (USDT) is probably the most well-known and widely used stablecoin. However, it has been embroiled in various controversies from the very start with no end to these in sight. Although the system is supposed to assure the 1-to-1 fiat reserves for all Tether units created, the website content has been recently changed to say that the issuer views not only cash in the bank, but also various loans to other companies, as the reserves. Both regulators and crypto enthusiasts have voiced concerns, which might bode ill for Tether in the months to come.

USDQ works differently. Here, the stablecoin is pegged to US Dollar and backed by Bitcoin (+top 10 other cryptocurrencies in future). It's similar to lending operations and fractional banking systems. Overcollateralization is used to mitigate potential unexpected changes in assets prices.

The USDQ ecosystem is highly transparent as all of the operations are recorded on the immutable Ethereum blockchain, open to review by anybody and at any time. The smart contracts bring automation to business processes and eliminate the need for middlemen to assure trust and prevent abuse.

In order to determine how viable USDQ will be in the future, we need to discuss the two tokens used within the ecosystem.

Review of Q DAO and USDQ

Q DAO is governance token, entitles holders to participate in voting for new decisions. Importantly, holders are interested seeing Q DAO's prices growing and thus they are incentivized to thoroughly review proposals and deliver the best decisions. In this way, Q DAO imbues higher democracy and decentralization, on which many current crypto projects lag.

In addition, all the fees, charged for the system use, can be paid only in Q DAO.

In order to create USDQ, a user needs to transfer Bitcoins into a Collateralized Debt Contract (CDC). This will automatically trigger the smart contract to generate USDQ and send it to the user. In order to change USDQ back into crypto assets, users need to pay back the amount of USDQ they input and the fees, chargeable in Q DAO Tokens. Whenever this is done, USDQ is automatically destroyed and the Collateralized Debt Сontract is closed.

In addition by getting USDQ directly at the company's website, users can trade in USDQ on secondary markets. It's as easy as trading Bitcoin or Ethereum or any other coin.

Traders can store both coins in their wallets, assuring higher security. The stability and ease of use for USDQ open up wide ranges of adoption for both businesses and end consumers alike.

What makes USDQ stand apart

The main difference between projects like Tether and USDQ is complete transparency and openness in the inner workings of USDQ. All the data is easily accessible on the blockchain and there are no rumors or controversies as to the reserves held by the team, potential conflicts of interest or hidden agendas.

The CDС mechanics ensure that it's impossible to create fake units of USDQ, as smart contract can be activated only after an amount in Bitcoins is input. The development is being done completely transparent. Interested parties can review the smart contract, presented on the website. The audits and peer reviews were carried out to assure the highest quality of smart contract. The website-based scanner enables to track all the data about each and every transaction, including time, amount and collateral size.

In addition, should a "black swan" event occur, i.e. a drastic fall in Bitcoin prices, Q DAO is sold on secondary markets. Bitcoin value is liquidated to make a USDQ buyback procedure, which prevents any losses on the part of the system's users.

Additionally, PLATINUM BLOCKCHAIN ENGINEERING which is helping to develop the ecosystem is working hard to build up long-term partnerships with stakeholders in the crypto industry. The more liaisons the team wins, the better outlook for USDQ will be.

Why do we need stablecoins anyway?

Different assets produce varying levels of volatility in prices, when compared to each other. For instance, the purchasing capacity of US dollar has reduced over time with 1 USD from 1913 equaling 24 USD today (2019). This happens due to inflation 3-10% per year.

In comparison, Bitcoin almost tripled in value in 2018 and then fell down by as much. Thus, fiat currencies are more stable, when compared to cryptocurrencies.

Stablecoins don't attempt to fight inflation. Instead, coins like Tether and USDQ peg themselves to US dollar, bringing relatively higher stability to crypto trading communities. One of the most famous transactions with Bitcoin is when a pizza was bought with Bitcoin back in 2010. At that time, the pizza ended up costing just a couple of bucks, but today it costs millions. Although stablecoins continue to be impacted by inflation and exchange rates that come to them from fiats they peg themselves to, they are nowhere near the mindboggingly high volatility of crypto assets.

One of the major use cases for stablecoins like USDQ is concluding long-term contracts. For instance, when using a popular decentralized platform Augur, users can bet on the price of oil in 5-10 years. The problem is that you won't only have to account for future changes in oil prices, but also for prices in Ethereum or Bitcoin that you use to make the bet. USDQ solves this problem elegantly and without much trouble. Using it, users don't have to consider future changes in Bitcoin prices and they can concentrate on what they've come here for - betting on future events. And they don’t have to worry about technical details as it’s easy to purchase USDQ and use for trader’s purposes.

Betting industry is just one of the many use cases, where USDQ can bring benefits. It can be successfully used for any transactions done across borders and long-term financial contracts. Virtually, USDQ opens up new opportunities any time value is exchanged and volatility has a negative effect.

Bottom Line

USDQ has a high potential to democratise transactions between companies and individuals globally, bringing fast execution and low volatility. The "PLATINUM BLOCKCHAIN ENGINEERING" is working hard to enable and improve various features in order to help USDQ to take leading positions on crypto markets.

Here are the main ecosystem’s features:

The system uses two tokens (USDQ and Q DAO) in order to tackle volatility, while staying on the blockchain.
USDQ is always pegged to USD 1:1. In order to come into line with as many national exchanges as possible and enter other markets, the company will issue other tokens pegged to the national currencies. For example, there will be CNYQ (for Chinese Yuan), KRWQ (for South Korean Won), as well as JPYQ (for Japanese Yen) at the early stage.
USDQ brings higher decentralization, driving this important vector in the development of crypto industry.
Q DAO holders are interested in seeing the coin grow and succeed, thus they will work hard to review and pick the best proposals for the system to move forward.

Taking into account these beneficial features, there's no question that USDQ will become a viable alternative to other fiat-backed cryptocurrencies like TUSD, USDT, GUSD, USDC etc. Competing with other stablecoins, both already operating and just being developed, PLATINUM ENGINEERING will roll out the new features and underlying tech solutions that'll help propel the coin.

USDQ is decentralized stablecoin, which uses algorithms to offer higher stability and reliability. Fully on-chain and monitored by high-speed AI robots, ecosystem offers reliable defences against malicious acts and attacks. First run in line of fiat-pegs, USDQ is brought by PLATINUM ENGINEERING Team, looking to edge together innovative solutions in collateralization, using stabilizing mechanisms for high-endurance stablecoins. Soon there will be even more fully backed stable coins: JPYQ, KRWQ, SGDQ, HKDQ, CNYQ, RUBQ under USDQ brand. Fully anonymous, USDQ breaks limits out of this legacy world.

PLATINUM ENGINEERING values your opinion and welcomes you to continue the conversation on Telegram or Facebook, where the company’s development team is always ready to help you find solutions to pressing issues. Working on projects like USDQ, Michael has gained an invaluable suite of skills and insights, enabling to roll out high-usability UI/UX with tight deadlines and lack of clear expectations as to user behaviors. The team has successfully produced white-label wallets, stand-alone fundraising platforms, as well as integrated fundraising ecosystems. Any startup looking for a reliable partner to help execute a success-story will win from a free consultation with the PLATINUM ENGINEERING team about potential solutions to their needs and issues.

This overview may not be fully exhaustive and does not assess the viability of any project, nor its team legitimacy. Readers should conduct their own due diligence before using or investing in any of the listed Stablecoins. This article represents the author’s opinions only and should not be considered investment advice. All described functionality in the article is still under development, it can be changed/processed. Please follow the updates.

USDQ

What Is USDQ and Q DAO? Complete Guide from PLATINUM ENGINEERING

USDQ brings stability, with no need to engage legacy finance

How do USDQ and Q DAO coins work within the ecosystem?

Introduction to Q DAO and USDQ

In order to determine how viable USDQ will be in the future, we need to discuss the two tokens used within the ecosystem.

Review of Q DAO and USDQ

In addition, all the fees, charged for the system use, can be paid only in Q DAO.

In addition by getting USDQ directly at the company's website, users can trade in USDQ on secondary markets. It's as easy as trading Bitcoin or Ethereum or any other coin.

Traders can store both coins in their wallets, assuring higher security. The stability and ease of use for USDQ open up wide ranges of adoption for both businesses and end consumers alike.

What makes USDQ stand apart

Why do we need stablecoins anyway?

In comparison, Bitcoin almost tripled in value in 2018 and then fell down by as much. Thus, fiat currencies are more stable, when compared to cryptocurrencies.

Bottom Line

Here are the main ecosystem’s features:

The system uses two tokens (USDQ and Q DAO) in order to tackle volatility, while staying on the blockchain.
USDQ is always pegged to USD 1:1. In order to come into line with as many national exchanges as possible and enter other markets, the company will issue other tokens pegged to the national currencies. For example, there will be CNYQ (for Chinese Yuan), KRWQ (for South Korean Won), as well as JPYQ (for Japanese Yen) at the early stage.
USDQ brings higher decentralization, driving this important vector in the development of crypto industry.
Q DAO holders are interested in seeing the coin grow and succeed, thus they will work hard to review and pick the best proposals for the system to move forward.

[Daily Discussion] Thursday, August 08, 2019

Thread topics include, but are not limited to:

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[uncensored-r/BitcoinMarkets] [Altcoin Discussion] Wednesday, August 07, 2019

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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Daily Discussion for bitcoin only: Daily Discussion

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Bitcoin and Burritos - Join Bitspark & Cali-Mex exclusive partnership event

https://i.redd.it/aox720j9b6f31.png

Cash to crypto now available in Hong Kong. Drop by, dip a chip and learn more about how you will be able to buy Bitcoin with Bitspark.

About this Event

Buying Bitcoins just got delicious as Bitspark and Cali-Mex join hands to open a city-wide network of Cash Points. Sheung Wan Cali-Mex will be the first of many you can visit to convert crypto to cash with the Bitspark App.

Join us as we celebrate on August 20th with a launch party, the venue will be announced shortly. This will be the best Bitcoin event in Hong Kong.

Drop by, bring a friend, dip a chip and learn more about how you will be able to buy bitcoin and other cryptocurrencies with Bitspark at your favourite Cali-Mex.

Everyone that attends will get 2 free drinks and some snacks. Attendance requires a business card or email verified at the entrance.

Buying bitcoin in Hong Kong has never been so easy, cash-friendly and delicious.

About Cali-Mex

Cali-Mex Taqueria is an American style Mexican chain specialising in Burritos, Tacos, Quesadillas, Nachos and Enchiladas. The menu has a focus on fresh and the highest quality ingredients that are imported from around the world. After September 25th, it will be the first Cash Point of its kind in Hong Kong, where you can buy and sell crypto with cash.

About Bitspark

Bitspark was founded in 2014 and was the first in the world to send a cash-in and cash-out Bitcoin transfer between Hong Kong and the Philippines. It was the first time the industry saw a “real life” application of cryptocurrency. Now with the mobile app, Bitspark has made buying Bitcoin easy for everyone with a network of Cash Points worldwide.

https://i.redd.it/poo5qcekb6f31.png

ZB.com Article

ZB.com this week

Meetup in Bangkok + NFT prizes
ZB Talk event in Sao Paulo, Brazil
Qixi Valentine's "Share Love" promotion
ZB.com leading assets trading analytics
Preview of August 16 event "Open Finance means Win/Win"

https://i.redd.it/n1nfvb65d6f31.png

Full story here: https://steemit.com/bitcoin/@zb-group/a-busy-august-at-zb-com

WHAT IS THE HALVENING?

In the Bitcoin network, user transactions are grouped in blocks and recorded to a digital public ledger called a blockchain. Miners are in charge of this task, and receive a mining reward in the form of bitcoins for each block recorded.

The amount of bitcoins rewarded for each block decreases with time: it is halved every 4 years. This event, the moment when the mining reward is divided by 2, is commonly called “Bitcoin halving”. Other denominations are used: “reward halving”, “Bitcoin mining reward halving”, or simply “the halving” or “the Halvening” which is a popular meme among bitcoiners.

When Bitcoin was created in 2009, the initial reward was 50 bitcoins. In november 2012, it droped to 25btc after the first halving. The second halving will take place in July 2016 and decrease the reward to 12.5btc.

What will be the impact on Bitcoin price?

As for any type of asset, Bitcoin price depends solely on demand and supply. The halving affects the latter. So it all depends on how demand evolves in the following months and years. Bitcoin being a very young currency with much room to grow in use and value, I would personally bet on a price increase. How much? When? It remains 100% unpredictable. One thing is certain though: at the time of Halving, the supply reduction will already be priced in the exchange rate, thanks to market anticipation. So don’t expect a big price movement on Halving Day.

Note that other examples of halvings are available for comparaison.

The first Bitcoin halving occured on the 28th of November 2012. On that day the price went up +1.7%, a negligible move. However the preceding and following months showed continued growth and led to the famous early-2013 rally (from 13$ to 260$ in 4 months).

https://i.redd.it/lmwxurvad6f31.png

More recently, the Litecoin, a Bitcoin clone, passed its first halving on August 25th, 2015. Two months before, a wild speculative rally took the price from 2$ to more than 8$, before crashing back to 3$.

https://i.redd.it/szupia8cd6f31.png

What is certain for this second Bitcoin halving is that similar wild, speculative, short-term rallies and crashes will occur. The interesting observation will be, on a larger time-scale, to see if the up-trend than Bitcoin price has been experiencing since its inception in 2009 will continue its path.

[Daily Discussion] Thursday, August 08, 2019

Thread topics include, but are not limited to:

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WIN $50 Bucks Worth of Bitcoin & Crypto Currency Secrets Guide (08/18/2019) {WW} with exceptions

https://gleam.io/eIeH9-e3TxdV6g94