The DAO Report 9/6/18
BitBay @BitBay
We're organizing a fund-raiser in @Dashpay!
The aim is to support the Homeless Animals Shelter. Join the action now and spread the world! Show the power of #DASH! https://bitbay.net/en/crowdfunding/fund-raiser-for-homeless-animals-shelter-in-chorzow
Aragon @AragonProject
The first of our Aragon Nest Team Interviews is That Planning Suite, working on a open source incentivization app
With this series, we want to bring forth the teams working on #Ethereum that have received a grant and funding from the Nest grants program
Gitcoin @GetGitcoin
Get a sneak peek at @ETHBerlin prizes from @AragonProject, @ethstatus, @gnosisPM, @daostack, @MakerDAO and more! We are excited.
@owocki and @notscottmoore are already in Berlin and can't wait to see everyone.
Andrew Kuznetsov @andrewkuznet
First DAO-funded event ('How to DAO') kicks off at Blockchain Embassy in Berlin! Genesis DAO members (~60 people) from around the world voted to organize the event from a collective budget. @daostack
Crypto Authority @cryptoauthorit
#Cryptocurrency of the day:
@Dashpay
- The result of a #Bitcoin fork
- Decentralised (DAO) Decentralised Autonomous Organisation
- Used for transactions
- Runs on a subset of users called master nodes
- 45% of coins go to miners, 45% to master nodes and 10% to DAO
Guenther Dobrauz @GDS77
@propelforward at @CryptoFinCon “@monero @zcashco and @Dashpay are the weapons of choice for #libertarians”. Sure are!
Mark Mason @StayDashy
#Dash as the pioneer of decentralized governance by #blockchain back in 2015 continues to lead from the front as the poster boy for #cryptocurrency projects aspiring to be truly decentralized following in @Dashpay's innovative footsteps as the 1st self-funding self-governing DAO.
EOS New York @eosnewyork
Months ago, high RAM costs were becoming an issue for many. The #EOS blockchain issued an update to RAM that would reduce those costs over time and it's working. The evolution of $EOS is swift and we are tackling obstacles within months of launching.
Edmilson Rodrigues @edrodrigues1985
@EOS_io I have been reading about @bytemaster7´s desire to destine the 4% inflation rate to a UBI fund. It´s a wonderful idea. My team and I have been working on the problem of how to distribute basic income at scale.
We are developing a DIY biometrics kit that will allow trusted users (oracles), to scan the biometrics (Iris, fingerprints and face) to onboard new users. That, associated with with a wallet designed for financial inclusion (does not need a phone), can include everyone.
Gnosis @gnosisPM
We've been working passionately on a new decentralized trading protocol, based on the #DutchAuction mechanism: the DutchX. In this thread, we'll walk you through its mechanism!
#DEXs were built to improve the current state of #cryptotrading: "#Crypto is decentralized, but markets aren’t"! The centralized nature of #exchanges has led to massive losses of funds & trading uncertainty.
Currently, there is no #DEX which can compete with a centralized exchange on user experience & ease of use.
That's why we’ve built a #DEX using the Dutch Auction Mechanism, keeping in mind the discontinuous nature of txs on #blockchains. This design solves the problems of:
a) Illiquid markets; b) front-running; c) price volatility; d) arbitrage opportunities; e) high order search time; f) high gas costs.
Let's now deep dive into the mechanism of the DutchX and understand what makes it solve the problems mentioned above!
The DutchX switches between 2 states: i) State 1: state before an auction has started, and ii) State 2: state of a running auction.
In State 1, all asks (by sellers) are collected during a time period before the auction starts. Then, once the auction has started (State 2), the buyers submit their bid at the point in time where the current price reflects their maximum willingness to pay!
Sellers can submit the tokens they would like to sell at any point in time. Those will automatically be placed into the next available auction — no tokens can be submitted into a running auction.
An auction starts when there's an accumulated amount of $1,000 worth of tokens committed by sellers. The initial price of a token pair is set at twice the final closing price of the previous auction. The price falls according to a decreasing function until the auction closes.
An auction closes when the price clears the quantity of tokens sold and bought. Every buyer receives their tokens at the closing time for the same price, which is at least the amount indicated at the bidding time, or less.
In our next thread, you'll learn how exactly the DutchX trading protocol solves problems like front-running, price volatility, illiquid markets, or arbitrage opportunities. Stay tuned!
WeTrustTeam @WeTrustPlatform
Hardware, Multi-sig, & Exchange wallets -- @WeTrust Team delves into the pros and cons of each. Shoutout to @LedgerHQ, @Trezor, @cryptokeepkey, and @gnosisPM / @ConsenSys for building such awesome solutions with a balance between security and usability.
DAOstack @daostack
"We have chosen to make #Ethereum the primary environment for the platform we are building ourselves. Thus, it is in our best interest to make this environment flourish." - @koeppelmann, @GnosisPM Founder
Relay Foundation @RelayStablecoin
@MakerDAO is the most successful example of a decentralized stablecoin that uses on-chain collateral in a DAO to create trustable value. @RelayStablecoin surpasses it with privacy and a collateral token unexposed to shocks to @ethereum.
BASE.INFO @baseinfo101
New coin Swarm Fund (SWM) @TheSwarmFund on http://Base.info
Swarm Fund creates a unique infrastructural model on the market, which makes it possible to invest in real assets and uncover traditional capital in real markets in a new way.
Read more: https://base.info/coins/swarm_fund … pic.twitter.com/gdBfa89sK4
The Crypto Dog @TheCryptoDog
At this point in time, there is no indication yet that August 14th was not the bottom for many of these $ALTS, including $XRP, $TRX, $XVG, $SC, $DOGE, $DASH, and $EOS. They are holding the lows, for now.
This will change if $BTC heads for new lows, but keep an eye on alts.
Tim Wagner
Small Victories in a Bear Market.
Just 2 days ago, DGD (DigixDAO) took a nasty nosedive, with many other Cryptos. This particular one was a little harsh, with very low volume (all selling) around 18BTC for the 24hr Volume.
The Volume is about 8x higher than it was 2 days ago at 150BTC. (Binance)
If you took this play with me, the profits would of been around the 20% area. Was anyone else watching this one? Took a Position? Are you using DGD for short term gains, long term, both? What are YOU seeing ?
I Have been on the sidelines #Watching, and Learning, and I finally feel confident to be able to see a setup that could potentially be a winner. Still a beginner and still learning.
Happy Money Making! This is def. something to be on the lookout for.
Natasha Vartaniants
There are so many different options when it comes to trading. Lately I've been asking myself to DEX or not to DEX? DEX's do seem to offer more security and are more accessible. My Poloniex and Binance account took weeks to register in comparison to Bancor where I was able to convert and trade my tokens in roughly about 5 minutes. This article's a bit of a read but it highlights some of the main differences and pro's and con's of using a centralized exchange or a DEX. What was the first exchange you ever used?
https://blog.coinmarketcap.com/2018/09/06/decentralized-exchanges-101-all-you-need-to-know/
Nathan Braswell
Kucoin vs Binance. Kucoin is the next up and coming exchange. Look where binance started and it's market share now. Kucoin has the ablitly to match binance market share and more especially on this next bull run. My is sitting at 1.25 right now. I predict kucoin to hit 30$+ within a year.
Jeffrey Baker
I like kucoin but it does need some work still, many of their low volume charts are garbage and hard to read. Definitely needs some UI enhancements to compete with binance.
Thanh Tom Nguyen
Binance is No.1 because the trading UI & UX is top! Kucoin sucks in that matter. Until they really see the importance of UX, shit is still shit.
Adam Black
Crypto was going thru the roof, doing fine before all this ETF BS. Goldman Ballsacks is playin BTC like a flute. They come in and corrupt the "family", make big money in the process and today its game over? lol They'll silently reinvest their profits as the injured market drifts only to publicly start up again after loyal players resurrect the boards and it'll be the rise and fall of 2017 all over again.
Troy Anikienko
They may be assholes to the market at times, but you cant blame people for using every possible stradegy to buy low and sell high. Just buy dips as they come, never spend more than you did last time. Eventually, youl be riding their waves. Smaller scale of course, but still... Think like a whale and eat up all the small fish weak hands who panick everytime they see a 15-20% dip
Joe Genovese
My friend, those who are experienced in this arena will tell you the following.
Only invest what you are willing to loose.
And, look at the history charts to determine what the low price value range has been over the past 4 months as well as the high value range over the same time frame.
Buy when the price is in the low range. Sell when the price is in the high price range.
Write down details regarding high and low price range that relate to your research in a log book.
Do not sell until you're predecided price range for selling has been reached.
Do not buy until your predecided low price range has been reached.
Any action to buy or sell outside of a predetermined strategy is vasilating and crosses over into gambling not investing.
You know what happens to gamblers.
Federico Maria
Should I have sold all my crypto assets last December making a huge profit? Well I didn’t sell then and almost a year later I am at a loss, as my portfolio’s value is less than my original investment.
What ever happened to the HODL supporters?
David Dooley
When you holding the idea is you hold for years not months. The idea is your trow in some money that you wouldnt care if it was lost in the morning. Never put in more than you can afford to loose. Then check back in like 2-3 years time and see how your investment went. If you want to make money now or in the next week - holding is NOT the way to go. Trade the makets, swing trade etc
Alejandro Falcon
Don't a pure HODLer or Trader, be both. Thats the safest way IMO. Have some capital for HODLing and some for trading.
Jeff Cafolla
HODL is a perfectly fine investment strategy, just don't panic sell and buy more during times like this to average down. That's what I've been doing and I've reduced the vast majority of my investments by 3/4 or more
Eric Osburn
HODL works great during a bull market and long term.
Traders have their day during a bear market but often lose their asses during bull markets. HODL will become popular again once the bulls return.
Thuat Phung Le
Any thought on HOT token? It looks like stable recent days. I just want to buy some then leave it there til next year so I dont care much about short term.
Randy Hilarski
It had a fat run this week and has pulled back nicely.
David Dooley
Big fan of the project but i sold long time ago when i made my 50%. I will however still keep an eye on it as the project itself is decent.
Willy Britcher
Have my buys at 12 10 and 08
Andrew Baum
lol, this is one of the best coins out there and biggest potential... anyone who says differently is a noob
Karlis Kisis
Ethereum is reaching a point where it is cheaper for some miners to buy ETH than electricity. Something like 120$ would be a hard stop to mining and accelerate buying. For Bitcoin it is more like 4000$ which we have not seen yet. Good news is that you know where the bottom is now.
Miners with older hardware or costlier electricity will start buying sooner and it might never reach those lows but who knows. So much for fundamental analysis.
Dirk Krid
If BTC goes down more and many miners for example stop mining BTC the difficulty will be much less and much cheaper to mine..., so BTC is always a win.., it is build in the protocol.... I do not know how that works with ETH ..,
Karlis Kisis
The same for ETH until it hits POS. Then game over. (but POS has been delayed multiple times already, so it could take forever.. )
Martijn van Ven
The confirmation some people want/need to see. Mass adoption will come and VeChain (will) start{ed} it. Already working with: 5 state-owned companies of China, DNV GL, PWC and a loooott of other companies.
But China banned crypto right? Nah, don't listen to the mainstream media. 1) China 'banned' crypto on WeChat, but meanwhile VeChains Dapp was there. 2) Multiple state-owned company partnerships hmmm.
BYD is huge and everywhere, look it up. Little bit of information:
"BYD Co Ltd is a Chinese manufacturer of automobiles, battery-powered bicycles, buses, forklifts, rechargeable batteries and trucks".
"BYD Auto sold a total of 506,189 passenger cars in China in 2013, making it the tenth-largest selling brand and the largest selling Chinese brand. In 2015, BYD Auto was the best selling global electric vehicle brand, ahead of Luxgen. For a second year running, BYD was the world's top selling plug-in electric car manufacturer with over 100,000 units delivered in 2016. In October 2016, BYD Auto became the all-time second largest global plug-in car manufacturer ahead of Luxgen."
Wanted to create a short post but I still see people holding alts without holding VET, do your research (reading everything will probably take you 3 weeks :') ). This ecosystem has so many strong partnerships that other companies will join and leave their old partner/blockchain. This one for example:
"It seems not only crypto projects are switching to #VeChain
Liqour brand Remi Martin seemed to have formerly been using https://selinko.com
But it seems as of now they have switched to #VeChain through #madeforgoods https://mp.weixin.qq.com/s/zeMYwTv9VdQ56i_jLGW1PA "
Jeff Thoroughgood
Have just recently invested into VeChain from another coin after keeping an eye on it for some time.
After doing a bit more research I decided it seems like a solid project with a bright future.
Jeff Abounader
Vechain is well on its way to mass adoption
Thomas Chadderdon
Today i was looking at the BTC chart. BTC, IMO, is in a monthly cycle. Right around the 3rd-5th of every month a trend reversal happens. This has been happening since the beginning of December(sort of). The only anomaly is June to July. If you were to buy on the 3rd of December and sold on the 4th of January and continued that pattern you would have a little more that 4x the amount of BTC. This is with a loss in June to July. Here is with $1000 start on Dec 3rd.
DEC 3-Jan 4 $11623-16954 .08603-$1458
Feb 3-Mar 4 $8218-11504 .17741-$2040
Apr 3-May 4 $6815-9699 .29934-$2903
Jun 3-Jul 4 $7503-6534 .38691-$2528
Aug 3-Sep 4 $7017-7369 .36028-$2654
Meredith Darden
In late 2017, we watched Bitcoin's parabolic run to 20k in disbelief/elation, and skeptics, friends, long time naysayers of BTC, distant family members, and elementary classmates came out of the woodworks to get in on the action. EVERYONE was talking about bitcoin, and crypto seemed unstoppable. A few voices of reason tried to warn us that the rise was unsustainable and the market had become illiquid, but that was just FUD, right
By the time the market started to turn, confirmation bias already had most of us by the balls. It was hard to accept that the epic bull run had come and gone, but most of us tried to stay positive about 2018.
First, we called the bleed a "dip", and a market-wide correction... nothing to be worried about, #HODL, accumulate, shorts gonna get rekt, institutional money otw, BTC to 100k etc. Maybe at this point you felt something was off, but the bullish echo chamber made us feel pretty safe and sound.
Meanwhile- the dip kept on dippppping, but anyone who sold had #weakhands. With lower lows and weak support, this wasn't just a dip- it was an obvious downtrend & a full fledged bear market. I honestly shudder to think of the inner hell some people have endured this year because they were opportunistic and went all in at the top.
I'm always bullish on the direction we are headed, but I admittedly could have protected my investment better had I not been blinded by greed and wishful thinking. Its been an important lesson in realism for me.
Now, here we are Q3 2018.. In the last few days, waddaya know? Seeing some GREEN again.... Immediately followed by a notable shift in sentiment, loads of bullish charts, calls of a reversal, 100x longs, and altszn excitement... This was it!
Then BAM- 17bil+ market cap loss today. These markets are truly unpredictable, especiallllly when we're trying to break out. How many times has the bottom been called?! While I feel bull runs are imminent, I'd honestly rather see a healthy, slower recovery that is approachable for new money coming in.
ANYWAY, despite months of red, I've been learning a lot. Here are a few of my personal takeaways:
-Think for yourself. Don't let tribalism or confidence in humans sway you. Be informed and if things go south, you know your decision is based in reason.
-HODL isn't always the winning strategy, but in the big picture it should be.. But it might not be. Who knows. Nothing is certain in crypto. Do what YOU feel is right for you, but educate yourself first.
-Proceed with caution. If you have to rush a trade or you aren't sure what to do... just don't do anything. Wait it out. Maybe you'll miss a couple trades, but better to be calculated than reckless.
-We have a long long long way to go. In fact, I dont even know what the destination is. Once "mass adoption" is achieved, crypto will continue to evolve, so who knows where this road is taking us.. I'm just lucky to watch it all unfold and have a voice in the shift.
I'd honestly love to hear what you've learned, what you think about this year, or where you think we're headed
A.j. King
I learned:
- about dollar cost averaging
- about not selling 100% of a project if you expect to come back to it in the future
- about picking projects that I believe in and have researched to be confident about rather than what others are pitching, but also realizing that hype with broad reach can be a significant factor
- the reality that there are far more people here in it for profit than the technology... sure, they might like the tech, but it's mostly a distant second to making gains for most people
- the fact that emotions can run deep in these FB type crypto groups and that misunderstandings make up a good 30% of the conversations (especially when language barriers are an issue)
- that some people in the sphere would like to be gurus, and will do whatever it takes to be some level of minor celebrity and they don't like it when you spank them publicly (not saying that this is you Meredith Darden, you seem pretty genuine)
- about the need to be constantly learning more about this space, projects, techniques
- that there are far smarter people than me that are worth listening to, but ultimately I have to own my own decisions
- that gains here outstrip traditional markets by MILES, but so do the losses... and if you're the one pulling the trigger, you own both of those outcomes
- that it is ok to sell at a loss, if it puts your whole portfolio in a better position
- take your principle out as soon as you can... it makes trading far less stressful because you're only playing with gains. Then this game becomes much more fun.
- take some profit once in a while... put it somewhere that helps someone else, and makes you happy
- to not panic when things look dire
- MOST OF ALL... that we are still very much in the earliest of days for crypto. Buying now is a privilege that will pay for a very comfortable future in 10+ years. How you use that privilege to enrich those around you is key to building both your character and your tribe.
EXCHANGES
Poloniex Exchange @Poloniex
QTUM deposits and withdrawals are currently live. Trading in USDT, BTC, and ETH pairs will be enabled on September 7th
Binance @binance
#Binance Has Distributed August $GAS, $ONG and $VTHO
livecoin @livecoin_net
Dear clients, new markets #MASH/#BTC, MASH/#ETH are available for trading
Bitfinex @bitfinex
Trading has been enabled for ParkinGO (GOT) against ETH, USD & EUR.
Trading has been enabled for TokenCard (TKN) against ETH & USD.
Trading has been enabled for Universa (UTNP) against ETH & USD.
Ethfinex @ethfinex
Trading has been enabled for Universa (@Universa_News) and TokenCard (@tokencard_io) against $ETH & $USD.
MERCATOX @MercatoxCom
ETH Light (ELT) market added
丝链SilkChain @SilkChain_IO
We are extremely glad to announce that Silk will be listed on @HitBTC soon
CoinEgg @CoinEgg_LTD
Dear Supporters: SEC/USDT trading pair will be added at 7:00 (UTC) on Sep 7.
Cryptopia Exchange @Cryptopia_NZ
[NEW COIN LISTING] FTEC is now listed on Cryptopia!
Huobi Global @HuobiGlobal
HADAX launches MyToken (MT) on September 6, 2018
Bittrex @BittrexExchange
Launch Update: Cardano (ADA) and Zcash (ZEC) have been added to USD (Fiat) markets
Amanda Johnson wants to make a comeback !
by Technologov
Dash marketing team with Amanda recently did a proposal to the network:
But they ask for a huge money, between $50k up to $180k /month and I'm not sure our network can afford such an expense, considering tanking crypto-coin price. Still as a MNO I'm inclined to vote 'yes'. What do you think ?
READ MORE: https://old.reddit.com/r/dashpay/comments/9de24c/amanda_johnson_wants_to_make_a_comeback/
Millions of Transactions Per Second
by alohaeos
The EOSIO technical whitepaper states that the architecture "may ultimately scale to millions of transactions per second." While we are currently a long way from that level, we will continually strive toward making improvements that will push that goal ever closer. To that end, today we’re very excited to announce our EOS Block Producer Benchmarks tool at:
https://www.alohaeos.com/tools/benchmarks
This tool charts the CPU execution time from a custom dApp (https://github.com/AlohaEOS/eos-mechanics) that was written specifically for the purpose of benchmarking. Our aim is for it to be as objective and accurate as possible across block producers. We expect this will be a valuable tool for BPs to see and potentially improve their performance. Additionally, we urge block producers to share any newfound best practices for increasing performance in an effort to improve the overall network.
READ MORE: https://old.reddit.com/r/eos/comments/9d9z2m/millions_of_transactions_per_second/
Playable EOS MMO RPG Prototype ready for download. (Cross post from EOSDev)
by AGameDeveloper
This is a prototype to show the overall design and to show what it would feel like to play the game.
Below are two locations for you to watch a video where I show the prototype and talk about it further.
Dlive Link : https://dlive.io/video/thecastle/5fb163ef-b14c-11e8-83b7-0242ac110003
Youtube Link :
Ok here is a download link to a playable RPG prototype that is designed to simulate what it would be like to play a Runescape or Ultima Online style MMO on EOS. Right now the game takes place in a simulated dungeon crawl experience. The goal will be for the game to actually be multiplayer complaint and have a fairly open world feel to it. The combat will feel a lot more like a hybrid turn based strategy where you control more than one character at the same time.
My goal is to get help with this project. I need to get help from a skilled programmer.A game like this absolutely needs to happen. If you can help with this project then I am releasing this demo and making this video to get your attention.
The playable prototype is located here :
https://drive.google.com/open?id=1-5dYR6Qvl44nl3jINKutHwJtQI9rZ9O9
READ MORE: https://old.reddit.com/r/eos/comments/9dc7jt/playable_eos_mmo_rpg_prototype_ready_for_download/
Biggest issue with EOS
by redmondj1
It is simply unbelievable that a block producer(zbeosbp11111) that is never online or producing is the number one vote block producer on the EOS chain. This is a massive issue(probably the biggest issue for EOS at the moment and must be fixed very soon) and I propose that possibly a rule for block producers could be implemented such as if a block producer has more than 5% down time in the previous 2 weeks it is ineligible for block rewards in order to prevent this.
Sunburntcat
It's online and produces blocks. It doesn't have a public json file.
Redmondj1
Ohhh why should that give a red offline signal on bloks.io? Also why do they not have a public bp.json file? That should be a requirement also.
READ MORE: https://old.reddit.com/r/eos/comments/9dc6su/biggest_issue_with_eos/
Obstacles to 100$?
by Dr-murk-uh-bruh
Hello everyone first of all strong believer of eos platform and am in it for the long haul. I am wondering how anyone else think a eos token could be worth 100$ and beyond one day? Im alittle educated on how eos work, where developers of dapps have to rent RAM , CPU , an one more thing i can think of. Well if eos price is to high it would halter people from using the platform. Possibly dropping the price is there something im missing on how they will handle the problem? First post hope its a valid question. Thank u!
eosview
You should do more research, as this question has been answered many times over. As it currently stands 1 EOS has a pro-rata share of the network. That means that as the BP's scale their hardware, your 1 EOS scales with it. Now Dan has been discussing a different economic model where all resources will be sold like RAM. But in order to buy these resources and participate in those markets you would need to buy EOS in order to purchase those resources. As more resources are used, more EOS are locked up (if i understand bancor protocol correctly). On top of that, EOS RAM trading has a 1 percent trading fee, and has burned a lot of EOS that will never be released back onto the market. If CPU, Bandwidth and Storage (which is scheduled to come later this year) ever become market entities, then we will see even more volume on the resource markets and even more fees being burned by the network, possibly making EOS a deflationary currency over time. On top of all that, all of the power of voting is done by buying EOS and staking them. The more you stake the more voting power you have. On top of that, staking EOS, which is essentially locking EOS up for at least 3 days at a time will take supply off of the markets. Staking provides an additional layer of security for EOS holders as they have 3 days notice if a hacker is able to steal a key and use it. All of this usage of EOS is essentially demand on the price of EOS. As more people choose to participate, the network effects of the network are correlated to the price
READ MORE: https://old.reddit.com/r/eos/comments/9dex5n/obstacles_to_100/
I'm confused about relationship of EOS's Tokens and EOS's computational resources
by k5trismegistus
Hello, I'm new to developing EOS dApps, but I'm confused about relationship of EOS's Tokens and EOS's computational resources as this post's title...
Is my understanding is correct?
- Staking CPU determines how much cpu time of EOS will be spent to do with transactions I sent
- Staking Bandwidth determines how many bytes I can send transactions to EOS
- Having RAM determines how many bytes I can store static data (Multi indexed db, account info...) in EOS blockchain
TheSchramm
Yes.
CPU and Bandwidth use a Fractional Reserve though…
So, if people aren’t using their shares, you can use more than your fair share.
READ MORE: https://old.reddit.com/r/eos/comments/9ddyko/im_confused_about_relationship_of_eoss_tokens_and/
3.8 million DAI got liquidated
by Longboarder33
I checked the dashboard during the whoosh down and saw 3.8 million DAI for sale from forced CDP liquidation.
If I'm seeing this right -- and perhaps I'm not -- then there is a 13% liquidation fee on that amount, which on nearly 4 million dai is around $500k.
That is about 1,100 MKR (all figures rough) that theoretically gets sent to the burner contract?
Right now the total number of burned MKR showing on the dashboard is 51, about $21k.
What am I getting wrong?
READ MORE: https://old.reddit.com/r/MakerDAO/comments/9ddjji/38_million_dai_got_liquidated/
Why does MKR price keep going up when crypto market is going down?
by MalcolmTurdball
The technicals of MKR/DAO confuse me. Just wondering if anyone can explain why MKR is steadily going up as the rest of the market drops? Why are people buying it consistently?
VegetableMission
For one thing the volume is tiny.
cyounessi
And in fiat terms it isn't rising anyways.
MalcolmTurdball
Well compared to ETH.
Just thought it may have had something to do with the way it works to keep DAI stable or with CDPs or something. But as I said I have no idea how it works so not sure if it's anything to do with that.
CheetoMonkey
MKR has no utility right now, it won't until multi-collateral Dai comes out.
READ MORE: https://old.reddit.com/r/MakerDAO/comments/9dc534/why_does_mkr_price_keep_going_up_when_crypto/
Just created my first cDP. A few questions...
by CodyB77
First off, props to EasyCDP for making the process seamless. The UI/UX is incredible, especially compared to other crypto projects.
- If my liquidation price is $197, can someone Bite my CDP before it hits the liquidation price?
- After I created the CDP I have full access to the DAI I borrowed in my MetaMask. So I'm confused what "Draw" actually does?
Zarigis
No. Bite can only be called while the price is under your liquidation price.
Draw creates new Dai that you may now freely spend or transfer as you wish. You may transfer it as a token in MetaMask, or you can use it to buy more ETH from oasisdex.
Draw will increase your liquidation price, and make your CDP more risky. To lower your liquidation price, you have to "wipe" your debt. You do this by either returning the Dai you borrowed, or buying more Dai off the market.
If you already have Dai after opening a new CDP, it just means that EasyCDP had already "drawn" it for you.
READ MORE: https://old.reddit.com/r/MakerDAO/comments/9d8fqx/just_created_my_first_cdp_a_few_questions/
Iran decides maybe crypto is ok after all. Local bitcoin price zooms to $24,000. (self.dashpay)
by solarguy2003
https://news.bitcoin.com/bitcoin-hits-24000-in-iran-after-government-okays-mining/
This demonstrates two things. Regulatory arbitrage is relentless, and there is pent up demand for alternatives to local fiat in a number of countries that are in economic hardship for a variety of reasons.
Sure, we are experiencing an unpleasant correction at the moment. In the medium and long term, the correction is irrelevant. There will never be a shortage of countries that have fiat problems. This is the testing grounds, and the best Research and Development environment we could ask for.
Once we work the kinks out and remove the friction points under these tough conditions, then we can infiltrate the economies of the first world, where the economic friction points of credit cards and the legacy banking industry are less obvious.
Technologov
It's not Bitcoin is more expensive in Iran; Its that their true worth of local currency is worth much less than local
Banks think it is.
READ MORE: https://old.reddit.com/r/dashpay/comments/9diy1x/iran_decides_maybe_crypto_is_ok_after_all_local/
MEDIUM
Alchemy Coin Bestowed United Nations Blockchain Honor
Alchemy Coin
Alchemy Coin, the global peer-to-peer lender, received an unexpected high honor when the United Nations invited the company to attend an upcoming blockchain consortium on September 13, 2018, at the United Nations Headquarter Building. Ban Ki-moon, the former Secretary-General of the United Nations, will also attend the conference as a demonstration of the growing significance emerging technologies are having on populations spanning the globe.
“This is an extraordinary honor for both Alchemy Coin and me personally,” says Alchemy Coin CEO Justin Jung. “Ban Ki-moon is a South Korean hero, and I grew up admiring his work in my homeland Korea as well as when he served as Secretary-General at the United Nations. I am very proud to attend a conference alongside him and with so many of my counterparts from the blockchain ecosystem.”
According to an official release from a United Nations spokesperson: “Blockchain industry organizations are also an essential force in promoting technological development, participation in international cooperation, and the catalyst in reaching global consensus. To establish a worldwide network of cooperation for blockchain organizations, the International Information Development Organization (which serves as a special consultancy agency for the United Nations) will join hands with relevant blockchain organizations in the United States, China, Japan, Korea, Russia, and other leading digital economies in the world to launch the Global Consortium of Blockchain Organizations with a view to further push forward the formation of a three-dimensional global collaboration ecosystem in the blockchain field.”
READ MORE: https://medium.com/alchemy-coin/alchemy-coin-bestowed-united-nations-blockchain-honor-49fcc83abe74
Top EOS BP Backs Lumeos
Lumeos
The Decentralized Infrastructure for Data Sharing
San Francisco, Sep. 6, 2018 — Lumeos, the decentralized infrastructure for data sharing, announced that EOS42 will be leading their seed round investment.
The round of funding will be used to evolve Lumeos’s platform and expand the engineering and marketing efforts to support increased client demands.
Lumeos’s decentralized data sharing and privacy platform allows users to monetize their personal information anonymously, while fully controlling their privacy. Users of the Lumeos dApp, get their data backed by the EOS blockchain, and are rewarded LUME eosio tokens for providing insights into polls issued by brands who are interested in receiving feedback on product and marketing initiatives. Companies pay Lumeos to run market research campaigns, where Lumeos provides anonymized aggregated results amassed by participants who have opted in to sell their data.
EOS42 is a founding block producer on the EOS blockchain network, and one of the top 5 BPs. Lumeos is the first company that EOS42 is backing and recruiting into its incubation program. EOS42 is based out of London in the United Kingdom, and is excited to share this opportunity with other dApp and EOS projects.
“We are thrilled to be backed by David and the EOS42 team! EOS42 will help Lumeos build stronger relationships with other BPs in the EOS ecosystem, while helping fuel international expansion and developer support through its incubation services,” said Ali Ayyash, Founder of Lumeos.
READ MORE: https://medium.com/@lumeos/top-eos-bp-backs-lumeos-f994fce187a9
DEOS Dice 110k Update: Bet with EOS, referral system and rake back with DEOS
DEOS Games
Congrats to every our player, we surpassed 110k of bets at dice game at DEOS Games.
A big update and somewhat of change to our business model happened. DEOS Games introduces games with EOS. However, we are adding an edge to play for EOS games. In the long run it will impact the end user’s earnings as well on staking option.
EOS Bets in current beta are limited with min(0.2 EOS) and max(10 EOS) bet size. However, we plan to increase max bet every week as we progress.
READ MORE: https://medium.com/deos-games/deos-dice-110k-update-bet-with-eos-referral-system-and-rake-back-with-deos-29526370a23a
WhaleEx Partners with AcroEOS. Initiates EOS World Tour with Launch Event in Seoul.
Whale EX
EOS World Tour is a series of meet ups initiated by WhaleEx. The first event is confirmed on September 16th in Seoul, Korea. WhaleEx is working closely with top tier Korean EOS BP AcroEOS on the event planning and execution. The two organizers will filter through a long list of dApp projects to finally settle on 8 dApps to showcase during the meet up. The event is expected to be filled with EOS holders and community participants, with discussions ranging from EOS specific topics to broader blockchain industry outlook.
As a leading EOS based decentralised exchange, WhaleEx plans to update the audience with its latest development progress and future roadmap. WhaleEx has so far provided a sneak peak of its exchange architecture, in which user assets are safely stored in smart contract’s custody. Its proprietary off-chain trade matching engine is capable of completing trades in 10 microseconds. WhaleEx will support web, iOS and Android platforms, offering user experience on par with centralised exchanges.
Currently, several EOS dApp projects are confirmed to present at the event. The founding members will openly share their experience developing dApps for different industry use cases. Ultimo5 is the team behind HTML5 game platform to provide additional profits for developers, monetary rewards for players, all on an open and transparent platform. ITAM Network is building a platform to facilitate in-game item storage and trading with its purpose specific wallet and exchange. ada mixes fashion and social network to create a mobile game that boasts photorealistic fashion clothing licensed by avant-garde design houses. Owdin is a distributed virtual software-defined data center that enhances user experience and is capable of defending against a myriad of cybersecurity attacks.
READ MORE: https://medium.com/@whaleexchange/whaleex-partners-with-acroeos-initiates-eos-world-tour-with-launch-event-in-seoul-75e66e1cef0e
GandCrab — The Ransomware That Won’t Give Up
Joe CISO
Ransomware got you feeling a bit, well, crabby?
Then meet GandCrab.
Making its rounds since January, GandCrab is the latest variant to join the “Who’s Who” list of prominent ransomware. Though all ransomware is nasty, not all have the staying power of famous variants like Cerber or Cryptowall.
For example, remember 2017’s Popcorn Time or Jigsaw? Probably not (unless you’re a cyber security junkie, in which case, good for you!). These variants, nasty as they were, faded into exploit oblivion once their creators had collected a tidy sum of profits.
This is what makes GandCrab unique — it’s nothing if not extremely persistent.
The Evolution of a Threat
Since it was first noted by researchers at the beginning of the year, the exploit has gotten more than a few facelifts and uses many different modes of distribution. Typically, ransomware distributors stick with one mode, perhaps switching it up after a few months of a good run. For example, the notorious Locky ransomware generally uses phishing emails to spread itself and the 2017 nightmare Wannacry spread via tools which looked for public facing SMB ports containing certain vulnerabilities.
READ MORE:
https://medium.com/@JoeCISO/gandcrab-the-ransomware-that-wont-give-up-4aa57cbbf715
CRYPTO COMPARE STATE OF THE CRYPTO
Bitcoin is down 13.17% at $6,412.600 with a volume of Ƀ164.0k - $1111.9M on the USD pairs.
Ether is down 7.76% against Bitcoin at Ƀ0.03544 per Ether and down 19.84% against the dollar to $227.2 with average volume Ƀ61.4k on the ETH/BTC pair.
Bitcoin Cash is down 7.94% to Ƀ0.07833 with volumes of Ƀ19.3k and down 20.09% against the dollar at $501.41.
Ripple is up 0.02% to Ƀ0.00004464 with volumes of Ƀ12.1k and down 13.15% against the dollar at $0.2859.
Zcash is down 5.93% for the day to Ƀ0.01997 per ZEC and down 18.15% against the dollar to $128.09 with an average volume of Ƀ3.0k for the 24 hour period.
Litecoin is down 18.55% against the dollar for the day at $55.29 and down 6.29% to Ƀ0.008619 on volumes of Ƀ13.6k.
Dash is down 12.06% at Ƀ0.02617 with Ƀ6.4k volume and down 23.57% against the dollar at $167.51.
Iota is down 11.42% to Ƀ0.00008499 on Ƀ2.2k volume.
Ether Classic is down 3.62% to Ƀ0.001785 with volumes of Ƀ12.0k and down 16.9% against the dollar at $11.51.
Monero is down 20.77% against the dollar at $110.09 and down 8.55% against Bitcoin at Ƀ0.01721 on volumes of Ƀ5.0k.
Neo is down 9.84% for the day to Ƀ0.002931 per NEO and down 21.33% against the dollar to $18.85 with an average volume of Ƀ10.2k for the 24 hour period.
Waves is down 3.71% to Ƀ0.0002981 on Ƀ271.742 volume.
Stratis is down 18.57% to Ƀ0.0002355 on Ƀ786.018 volume.
Cardano is down 7.87% to Ƀ0.00001311 on Ƀ5.3k volume.
NEM is down 7.42% to Ƀ0.00001535 on Ƀ1.4k volume.
EOS is down 10.85% to Ƀ0.0007842 on Ƀ18.0k volume.
Tron is down 5.04% to Ƀ0.0000032 on Ƀ6.1k volume.
Stellar is down 1.19% to Ƀ0.00003077 on Ƀ4.6k volume.
RELEVANT READS
EOS Tri-Weekly Update 9/5/18 — BP Performance, Dispute Resolution & Dan’s Cat
https://medium.com/@eosalliance1/eos-tri-weekly-update-9-5-18-bp-performance-dispute-resolution-dans-cat-7c9ef9a300af
EOS Portland Meetup
https://medium.com/@cypherglass/eos-portland-meetup-7c656cdf34d6
Decred Cryptocurrency Gives Analysis of Dash
https://www.dashforcenews.com/decred-cryptocurrency-gives-analysis-of-dash/
EOS (EOS) Gains Extra Liquidity with Upcoming OKEx Margin Trading
https://cryptovest.com/news/eos-eos-gains-extra-liquidity-with-upcoming-okex-margin-trading/
Bitcoin and EOS Correlation
https://coinpredictor.io/altcoins/bitcoin-eos-correlation
New Partnership Sets Out To Educate The SMSF Community In Cryptocurrency Investments
https://www.owltmarket.com/new-partnership-sets-out-to-educate-the-smsf-community-in-cryptocurrency-investments/
Regulated exchanges for crypto security tokens could transform equity capital markets
https://www.euromoney.com/article/b19tzw78rlgp0h/regulated-exchanges-for-crypto-security-tokens-could-transform-equity-capital-markets
Survey: Nearly 80% of Americans Have Heard of Bitcoin
https://www.coindesk.com/survey-nearly-80-of-americans-have-heard-of-bitcoin/
Stock Brokerage EF Hutton to Launch Crypto Reports for 'Confused' Investors
https://www.coindesk.com/stock-brokerage-ef-hutton-to-launch-crypto-reports-for-confused-investors/
Top 5 Cryptocurrency Projects to Watch in September 2018
https://www.investinblockchain.com/top-cryptocurrencies-september-2018/
Bitcoin ETF Chances Increase as Republican SEC Commissioner Appointed
https://www.trustnodes.com/2018/09/06/bitcoin-etf-chances-increase-republican-sec-commissioner-appointed
Mysterious Bitcoin Wallet Spooks HODLers
https://blocklr.com/bitcoin/mysterious-bitcoin-wallet-spooks-hodlers/
LinkedIn Top Startups 2018: The 25 most sought-after startups in Canada
https://www.linkedin.com/pulse/linkedin-top-startups-2018-25-most-sought-after-canada-daniel-roth/?utm_content=buffer523ad&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
LinkedIn Top Startups 2018: The 50 most sought-after startups in the U.S.
https://www.linkedin.com/pulse/linkedin-top-startups-2018-50-most-sought-after-us-daniel-roth/
Circle Taps Former US Homeland Security Official as New Legal Chief
https://www.coindesk.com/circle-taps-former-us-homeland-security-official-as-new-legal-chief/
ZEN Masters: Grayscale Launches New Investment Trust For Zcash Spinoff
https://www.forbes.com/sites/astanley/2018/09/06/zen-masters-grayscale-launches-new-investment-trust-for-zcash-spinoff/#1eecc5591886
40% Off Limited Offer – Tickets for the Second Blockchain & Bitcoin Conference Switzerland
https://bitcoinchaser.com/40-off-limited-offer-tickets-for-the-second-blockchain-bitcoin-conference-switzerland/
CNBC ‘REVERSE BITCOIN PRICE INDICATOR’ HITS BULLSEYE AGAIN
https://bitcoinist.com/cnbc-reverse-bitcoin-price-impress/
Bitcoin Crash: Take a Deep Breath and Zoom Out – Markets Move, it’s Normal
https://cryptocoinspy.com/bitcoin-crash-take-a-deep-breath-and-zoom-out-markets-move-its-normal/
Bitcoin Bloodbath: News From Goldman Sachs Is Behind Today's Plunging Cryptocurrency Prices
http://fortune.com/2018/09/06/bitcoin-crash-goldman-sachs-cryptocurrencies/
Terra Stablecoin Project Raises $32 Million from Binance Labs, OKEx, Huobi and Others
https://coincodex.com/article/2296/terra-stablecoin-project-raises-32-million-from-binance-labs-okex-huobi-and-others/
Will Bitcoin (BTC) Recover Quickly or Not?! - Crypto Market Technical Analysis & Cryptocurrency News
https://coinhub.news/cs/article/cryptokirbytrading-will-bitcoin-btc-recover-quickly-or-not-crypto-market-technical-analysis-cryptocurrency-news
BTC Bullish Long Term Scenario
https://www.tradingview.com/chart/BTCUSD/4aUOVo8y-BTC-Bullish-Long-Term-Scenario/
Ripple CTO David Schwartz Wants To Replace Global Payment Network SWIFT; Addresses The Future Of XRP
https://oracletimes.com/ripple-cto-david-schwartz-says-he-wants-to-replace-global-payment-network-swift-and-addresses-the-future-of-xrp/
NASDAQ Rumoured to Be Listing Cryptocurrencies by Next Year.
https://dollardestruction.com/14861/
The Last Time Bitcoin Fell 15% In 24 Hours
https://cryptopotato.com/the-last-time-bitcoin-fell-15-in-24-hours/
Here are the main reasons behind the sudden cryptocurrency market slump
https://cryptolinenews.com/2018/09/cryptocurrency-market-slump/
Think Tank Recommends Blanket EU Rules On Cryptos
https://disruptblock.com/cryptocurrency/think-tank-recommends-blanket-eu-rules-cryptos/#
AI Spots Unusual Social Sentiment Patterns Before Cryptocurrency Price Drop
http://tokenlion.net/blog/post/227/ai-spots-unusual-social-sentiment-patterns-before-cryptocurrency-price-drop
This is not investment advice, this is information culled from the web today. Please do your own research.