Friday, November 20, 2020

[Daily Discussion] Saturday, November 21, 2020

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] Saturday, November 21, 2020

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

ReadyRaider offers the entire Kinguin library with multiple cryptocurrencies as payment options!

Hi Everyone,

Thanks to the mods allowing me to post here, I am happy to announce that ReadyRaider now supports several different cryptocurrencies in our shop. With the help of our partners at Kinguin, we're able to offer their entire library of discounted videogames and software to the crypto community.

As frequent lurkers of /r/gpumining, we see a lot of new miners asking where they can actually use their coins and tokens instead of just HODLing them for investment purposes. As supporters of cryptocurrencies and developers of videogame applications and tournaments, we thought that ReadyRaider would be the perfect marriage to help bring further adoption to the crypto-space.

On our site, you'll find the entire Kinguin library available for purchase through our store. On top of accepting Credit/Debit and Paypal, we also allow you to use Bitcoin, Bitcoin Cash, DASH, Doge, Ethereum, Litecoin, and XRP.

Even better, because we have a close relationship and partnership with DASH, if you use DASH to purchase something on our store, you will receive a 5% discount on top of the already heavily discounted products.

You can read more about our DASH Partnership by clicking here. Note: We are no longer exclusive to DASH.

Finally, if you're a gamer, don't forget to explore the website and enter into one of our tournaments with cash prizes! Many of them are already in full swing, but it isn't too late to compete!

Please let us know if you have any questions or run into any trouble and we'll be happy to help!

Thank you,

The ReadyRaider Team

Activities Report 5 Decred in Spanish Proposal 2 from October 8th to November 8th

Activities Report 5 Decred en Español Proposal 2 from October 8th to November 8th

Virtual Events:

October 15th #HablemosDecred 17 “21 Heads crypto art show” with GusG, Jose Rodriguez and Aaron Koening (Twitter announcement, Youtube)
October 17th Introduction to Blockchain and Decred API (Twitter announcement, Youtube)
October 22th #HablemosDecred 18 “What is Decred” with Ana Chavez and Elian Huesca (Twitter announcement, Youtube)
October 29th #HablemosDecred 19 “Bitcoin in real life” with Ana Chavez and Manuel Flores from Bitcoin Monterrey (Twitter announcement, Youtube)
October 29th Blockchain and Cryptocurrencies in Latam with Territorio Bitcoin (Twitter, Youtube)
November 2nd Blockchain Summit Latam keynote “Governance in public protocols) (Twitter announcement, Twitter)
November 3th Decred Talent Land Blockchain Learning Challenge announcement (Twitter announcement)
November 5th #HablemosDecred 20 “Cryptocurrencies, blockchain and journalism” with Fernando Quiros from Cointelegraph in Spanish (Twitter announcement, Youtube)
November 5th Panel on Talent Land Latam Online “Our Money, Our Rules: leaving behind the national currencies” with Ana Chavez, Pablo Labarta, Lorena Franco and Elian Huesca (Twitter announcement, Youtube)

Videos:

October 12th Introduction to DCR with Pablo Labarta (Youtube)
November 8th “Lightning Network and more news” on Decredizados with Victor Rubin (Youtube)

Social Media Content:

October 7th Introduction to Blockchain and Decred API (Twitter)
October 10th messaging proposals on Politeia (Twitter)
October 15th Python web mining scholarship to participant in Introduction to Blockchain and Decred API (Twitter announcement)
October 19th announcement 1000 followers on u/Decred_ES twitter (Twitter)
October 25th Decred in Spanish Podcast episode 2 (Twitter announcement, Spotify)
October 25th Decred Journal September Spanish translation (Medium, [Twitter](https://twitter.com/
October 26th Atomic Swaps thread (Twitter)
October 26th DCRDEX installation thread and translation (Medium, Twitter)

News and mentions:

October 13th “21 Heads Crypto art Show: exploring the intersection of art and cryptocurrences”(Cointelegraph in Spanish)
October 20th “What are the coming releases planned in Decred ecosystem?”(Cointelegraph in Spanish)
October 28th “New edition of #HablemosDecred will explore the state of cryptocurrencies in Mexico”(Cointelegraph in Spanish)
November 2nd “Next edition of #HablemosDecred will explore the intersection of cryptocurrencies and journalism”(Cointelegraph in Spanish)
November 2nd “Blockchain Summit Latam 2020: exploring governance characteristics on public protocols” (Cointelegraph in Spanish)

Next steps:

Continue growing Telegram group for developers @decredES_devs
Learning week for the Decred Talent Blockchain Chellenge
Continue with Podcast Decred in Spanish episodes 5, 6, 7 and 8
Continue with #HablemosDecred 21, 22, 23 and 24
Cripto Latin Fest sponsorship
Labitconf sponsorship
Final report
New proposal

Financials

As of this report the Decred in Spanish activities have used 79% of the total proposal budget, or around $36,505 usd. This monthly expenditure was $11,040 usd, of which $6,700 usd were used for contractor hours and $4,340 for sponsorship of Criptolugares and Cripto Latin Fest participation, plus Decred Talent Land Challenge prize of $2,500 usd. The monthly budget includes content creation, social media management, user support and design. For more information on the previous two proposals reports please visit the Report 1, Report 2, Report 3, Report 4.

Who else is excited to discuss Bitcoin this Thanksgiving?

While politics is often the talk of the table come Thanksgiving, I feel that it will be easy to integrate Bitcoin into our discussions given the recent events. So if things start getting heated at the table, use the opportunity to educate your families on Bitcoin!

Bitcoin Conviction: A story about liquidity.

2 months ago I had the opportunity to purchase shares in our startup for $1 with the share price being over $3 (that has a very real 10 x potential over next 3 years). Good deal right? Maybe, maybe not.

I turned down the offer to use bonus for Bitcoin instead. Here is why.

Investing or owning shares in a private company comes with many golden handcuffs.

1) You need to liquidate for an emergency or invest in another asset? Good luck! Shareholder agreements make this hard and slow. You'll also get a terrible price.

2) Liquidation preferences: Not all money is equal. You may have bought in at $1, and the share price is now $3 - or higher - but if a later stage investor comes in with liqudation preferences that means in any sale, the first $3 goes to them, and you get a return on every $1 after that. So your belief in a "3 x" return, is actually worth ZERO.

3) The $30 "exit" could happen in 10 years. The exit might also never happen.

On paper, some of my startup investments have very good returns, but I can't liquidate, so to me right now they're worth zero.

What's better? Your Bitcoin investment that has halved, or your startup investment that has 5 X? Depends, if you need emergency capital, Bitcoin.

As a technology investor, Bitcoin is the absolute utopia. We are still in the VERY early days of the adoption curve (simple math of % of world population X % of global wealth), so there is extreme upside potential with absolute liquidity. I have never seen a scenario like it. None of us will again in our lifetime. Count yourselves lucky you worked out the secret <$1T market cap.

For the record, I don't see Bitcoin in the same light as my other tech investments. This is a vote to a better future. I will HODL. I will only liquidate Bitcoin in the event of an emergency situation.

HODL for life.

Madge xx

Blockchain will define next decade for Africa: Jimmy Nguyen at Africa Tech Festival

Link to original article: https://coingeek.com/blockchain-will-define-next-decade-for-africa-jimmy-nguyen-at-africa-tech-festival/

Blockchain is going to be the key technology defining Africa for the next decade, Jimmy Nguyen told the audience at the recent Africa Tech Festival. The Founding President of Bitcoin Association spoke about how Bitcoin SV is enabling fast and cheap remittances for Africans, how the BSV blockchain can end corruption and why BSV is more than just a digital currency.

“We foresee a world for Africa where you have Bitcoin SV as not just a currency, but a ledger to send financial and data transactions,” Nguyen said.

He was speaking in a panel that explored the big tech trends that will define Africa for the next decade. He was joined by Razvan Ungureanu, the chief technology officer at telecom giant Airtel Africa, and Tunde Fafunwa, the lead advisor at the United Nations Economic Commission for Africa.

Bitcoin SV will go beyond being a digital currency and address other key challenges facing the continent, Nguyen went on.

“We’ll see the use of the one big blockchain to create more honesty and transparency in government activities, because the BSV blockchain is open, auditable, and verifiable. This creates a better way to keep track of things like property ownership, both for tangible and intangible property. Voting will also be trackable on the BSV blockchain.”

Nguyen also believes that blockchain offers African countries the opportunity to leapfrog many Western nations into becoming the global blockchain hubs. While European, American and Asian countries have a head start with blockchain exploration, none has cemented its place as the global hub. African countries can take advantage of this and advance their blockchain initiatives past these Western countries.

Nguyen spoke about what makes Bitcoin SV superior to all other blockchain projects, citing its ability to scale massively, very low fees and stable protocol as just a few of the features that separate BSV from the rest. Now processing 2,800 transactions per second, BSV is way beyond projects such as BTC and Ethereum that have denied their users the ability to build applications for the masses.

Centbee is already showing what’s possible for Bitcoin users in Africa. The South African wallet provider has brought Bitcoin to the masses, allowing them to easily buy and spend Bitcoin SV. It also enables instant cross-border transfers on its Minit Money platform at a fraction of the usual fees, Nguyen said at the virtual event.

Tunde concurred with Nguyen, stating that blockchain technology has a big role to play in giving people ownership of their own data. On his part, Razvan revealed that Airtel, which has over 120 million subscribers in Africa, is exploring blockchain technology.

“On using blockchain technology, we’re very interested in that as a way to secure information and create traceability of this information. We are still in the very early stages on this,” Razvan revealed.

Nguyen summed it up, “I think the best way to understand Bitcoin SV is big business from small payments… Blockchain, in the form of Bitcoin SV, which has scaled big to allow massive transactions volume with tiny fees, allows an economy to grow by business models that use very small payments. That’s how you grow a digital economy.”

Immediate Edge Review: Scam or Legit? The Results Revealed

This level of impact infers that a representative with a little store can put trades worth very much more, anyway again, just if the bot capacities as it cases to. High impact can incite sensitive advantages yet what's more can blow a trading account. InsideBitcoins requests that you simply trade with money you can stand to lose. Denoting your life speculation assets with a robot that trades nervous is dangerous and you may end up losing everything.

Essentially the sum of the united robot mediators fall under the order of driving regulatory bodies including the FCA, ASIC, CYSEC and the FSB. Immediate Edge is only open in countries where it has a controlled expert. Also, these pros have a solicitation execution structure that facilitates the Immediate Edge speed.

Key features of Immediate Edge

Directions to benefit from Immediate Edge

While Immediate Edge is totally auto, there are a couple of things that it claims you can do to expand your experience. These include:

Trade the US markets – The US markets have the most impact on bitcoin flimsiness. Immediate Edge produces the most advantages during high market capriciousness. Set the robot to run between 9 AM and 4 PM New York Time. The bot is totally auto and in this manner you don't have to stop your typical regular business or stay alert for the span of the night.

Trade for 8 hours of the day – You need to let Immediate Edge to run for 8 straight hours of the day to make extraordinary advantages. Avoid keeping checking your trading account since this is likely going to cause pressure and subsequently tempt you to end gatherings imprudently.

Follow the latest market headways – It is fundamental to remain educated concerning the latest happenings in the business while using this robot. Remember that bitcoin flimsiness is outstandingly dependent upon feature news. Understanding what's happening in the business will help you with choosing seasons of high flimsiness and assurance that the bot is running dependably by then.

Get a trading amigo – Having a trading buddy causes you control emotions especially unquenchability. You may decide to trade with for as long as you can remember save finances resulting to discovering how this bot can get. This is unreliable given that there is moreover a likelihood of experiencing huge adversities. Set targets and rules with your trading mate and keep each other mindful.

Directions to open a record with Immediate Edge

You need in any occasion 15 minutes to open a record and start trading with Immediate Edge. Before we experience the enlistment cycle, it is huge that this bot is only open in select countries. Endeavor it here or read our review of Bitcoin Trader for a robot that is available in numerous countries.

Stage ONE: Register on their presentation page

Selecting with Immediate Edge is essential and takes under ten minutes. Visit the robot's site page and register your nuances in the gave structure. Agree to their terms and conditions and snap proceed. You will be induced to affirm your email and phone number to proceed.

Immediate Edge says that it has good estimates set up to ensure that your data is protected. What's more, this stage similarly states that it doesn't share data without customers' assent.

Stage TWO: Deposit in any event $250

You need a capital of in any event $250 to trade with the Immediate Edge. If its all the same to you note that this isn't the cost of the bot yet your trading capital. Immediate Edge is 100% free.

It is moreover critical that the store happens on the shrouded agent page. Immediate Edge isn't enrolled as a money related establishment and along these lines isn't allowed to manage stores.

Stage THREE: Live trading

Live trading with Immediate Edge happens at a tick of a catch. You have a choice to change the peril settings anyway it is recommended that you leave it at default settings. Immediate Edge goes with a manual to guide you through the game plan and trading measure.

As explained previously, Immediate Edge is totally auto. Along these lines, it ensures that no extraordinary fitness or data is expected to use this bot.

Is Immediate Edge authentic? The Verdict!

Immediate Edge is, undeniably, an easy to use robot that appears veritable. InsideBitcoins proposes that you start with a store of $250 and keep reinvesting your advantages for advancement. Snap the "Trade Now" button underneath regardless this robot.

https://www.immediateedge.org/

https://www.facebook.com/immediateedge/

https://twitter.com/EdgeImmediate

https://www.instagram.com/immediateedge/

https://www.youtube.com/watch?v=jzDl8GuD6i4&feature=youtu.be

https://www.pinterest.co.uk/immediateedge/

How to fork bitcoin

To begin with, we’ll take you through the fundamentals. How to fork bitcoin happens when two diggers find legitimate squares simultaneously. Accordingly, when two squares have a similar square stature, this is alluded to as a fork.

The chances of finding the following squares on the two branches simultaneously again are fairly low. Be that as it may, in the event that one split of the blockchain develops longer, excavators will join this split, withdrawing the more limited split.

The squares in the more limited variant are classified “vagrant squares”. No exchanges are lost since exchanges on the stranded square, in the event that they were not as of now added to the substantial square, are re-communicated to the organization and added into the following legitimate square. These forks generally don’t change the hidden convention. On the off chance that a fork, notwithstanding, is purposeful, it is alluded to as a lasting fork.

The information age vs The value age

One of the motivations of building the internet was to set up a communications network that was decentralized in the event of a third world war. The origins of this can be found in the Arpanet set up by a govt agency, DARPA which then opened up as a general purpose communications network, the internet, as we know it today.

The internet is a massive multiplier in our lifetimes. So much of our life now functions on this network. Can you imagine living without it? I sure cannot.

In 2009 an anonymous person(s) by the name of Satoshi Nakamoto bootstrapped a value network called Bitcoin to set up a decentralized p2p currency that was protected against manipulation and inflation. It needed no central actor to manage & control the supply and enabled humans anywhere on the planet to instantly move value between each other for minimal fees. Until then the only way to do so was physically and over a distance you always needed a third party.

The story is repeating. Where will it lead us? Will we be able to live without it?

Ribbit Ribbit down the rabbit hole we go

Introduction to Cryptocurrencies: NFT, the Next Cryptocurrency Boom

Written by the CoinEx Institution, this series of jocular and easy to understand articles will show you everything you need to know about major cryptocurrencies, making you fully prepared before jumping into crypto!

https://preview.redd.it/5zb8isd5lc061.png?width=1004&format=png&auto=webp&s=e44b82ecbb86585861f8981f151d2d300f65a407

NFT is known as the Non-fungible Token. In the real world, everyone is unique and irreplaceable. So is this cryptocurrency. Before explaining the “non-fungible”, let’s first talk about what is “fungible”.

For example, you and I each have 100 dollars, and it makes no difference if we exchange the money with each other. For another example, we both buy a set of the latest Apple 12 from the official site, and no matter which one we receive, they are actually the same. The same is true for cryptocurrencies. I trade my Bitcoins for yours in the same amount, and there is still no difference. All of these we mentioned above are fungible.

Now let’s talk about the non-fungible.

Many things are non-fungible, such as collections and Van Gogh’s paintings, which are unique. Another example - CryptoKitties, because each of these tokens have a unique appearance and price. That is unlike such currencies as Bitcoin and American dollars but similar to NFT.

In fact, NFT’s fame was first credited to CryptoKitties in 2017. Each of CryptoKitties corresponds to an NFT token on the chain, and, with its own unique ID and gene, has a unique image and temperament. Its price has once peaked at hundreds of thousands of dollars, which unveiled an exciting prospect of being “unique” and “scarce”.

So what makes NFT unique? One of the most important reasons lies in ERC721 related to NFT, which endows each token with some unique data.

Indeed, the two most popular protocols for NFT at present are ERC1155 and ERC721.

Before introducing these two protocols, let’s talk about the well-known ERC20.

Ethereum is still the most prevailing platform for issuing tokens. Tokens issued on ERC20 are fungible because tokens issued in one contract are all the same.

However, ERC721 is a set of standards used to issue NFT, and the tokens are different from each other. ERC721 allows users to hold or trade NFT. The uniqueness of NFT is derived from the unique data that each token carries. For example, the token corresponding to each CryptoKitties is equipped with its DNA information.

ERC721 was originally created by CryptoKitties and is also the first standard for non-fungible tokens. It is an inheritable Solidity smart contract standard, and can be easily inherited from the OpenZeppelin library and used to program NFT-based projects.

At the same time, derived from CryptoKitties, ERC721 is the most familiar NFT standard for people who know about NFT. It defines metadata such as ID and NAME, and is easy to use for it has a protocol interface quite similar to that of ERC20.

https://preview.redd.it/xm558wf8lc061.jpg?width=750&format=pjpg&auto=webp&s=8b0304e1867ec9ece6dba30d38ea671d09b856fc

Here is some information about ERC1155:

ERC1155 is an improved version of ERC721 proposed by Enjin. ERC721 has a fatal flaw that a contract can only issue one kind of NFT assets, and as a result, it is seldom used in games with diverse props. By contrast, ERC1155 can issue any kind of NFT in a contract, and has adjusted many settings of metadata. It was once accepted by the Ethereum team as the Ethereum token standard.

More generally speaking, NFT represents unique blockchain projects with blockchain management rights, for example, collections, game items, digital art, event tickets, domain names, and even ownership records of physical assets. Of course, NFT can also be simply considered a concept, so it can be issued in all blockchain projects, not just in Ethereum.

NFT has the following characteristics:

1. Standardization: NFT has some standardized functions that all non-fungible tokens have, including ownership and transfer. With this feature, any developer can build his own NFT.

2. Universality: NFT is universal. In other words, it can be used by any application that wants to use it. The blockchain is publicly accessible, so everyone can read the smart contract that deploys the NFT.

3. Liquidity: Encrypted assets have a huge liquidity market where people can easily exchange the assets for cash or other cryptocurrencies according to their needs. Therefore, NFT enjoys high liquidity.

4. Immutability: Blockchain is famous for its immutability. NFT is implemented through smart contracts, which makes NFT immutable as well, that is, users cannot change their NFT to other NFTs. Its ownership will be permanently recorded in the blockchain unless the user decides to transfer it to other users.

5. Programmability: NFT is realized through smart contracts. NFT tokens can be enhanced to contain other complex functions.

Before we finish this article, let’s discuss the use of NFT. What practical use does the popular NFT have?

The most obvious one is digital collectibles. For example, a token of CryptoKitties, a piece of equipment in a large game, or a piece of an art. NFT can correspond to all unique digital collections, and guarantee the permanent ownership of the collections.

Another example is the ownership of various certificates or physical assets. NFT can identify the only certificate issued to individuals or digitize physical assets. Physical assets such as cars and houses can be reflected in NFT and correspond to individuals.

The world of cryptocurrency is embracing more and more NFT projects with distinct functions. Beyond doubt, NFT heralds another boom in this field. Young as it may be, NFT boasts infinite possibilities.

About CoinEx

As a global and professional cryptocurrency exchange service provider, CoinEx was founded in December 2017 with Bitmain-led investment. It is a subsidiary brand of the ViaBTC Group, which owns the fifth largest BTC mining pool, which is also the largest of BCH mining, in the world.

CoinEx supports perpetual contract, spot, margin trading and other derivatives trading, and its service reaches global users in nearly 100 countries/regions with various languages available, such as Chinese, English, Korean and Russian.