The DAO Report 10/15/18
DASH @Dashpay
Congratulations Christian Sanchez! He transacted in #Dash on a @CoinFlip ATM and won $1,000 in Dash! There’s 1 month left to win so hurry to the nearest Coinflip ATM and Buy/Sell Dash with 0 fees and a chance to win $1000! https://coinflip.tech/
DASH @Dashpay
Get Dash back on online purchases with @Rewardsdotcom and right now when you signup you'll be entered for a chance to win VIP @nascar Pit Passes, Up to $500 in Airfare, and 2 Nights Complimentary Hotel Stay! Head to: https://www.rewards.com/nascarPromo and signup now!
DASH @Dashpay
#Dash Electrum 3.2.3.1 released: #DigitalCash #Crypto * Rename to Dash-Electrum * Add "Use Tor Proxy on startup" option, add Tor Proxy setup to Win builds, * add docs to setup Tor Proxy on other platforms. Warning if run without Tor. https://www.dash.org/wallets/
Swarm Fund @TheSwarmFund
Looking forward to the #StartEngineSummit on Oct 19th in Santa Monica, CA. Join @timolehes & other industry leaders as we discuss the future of the young #securitytokens industry. Use the code “TIMOLEHES” to get 15% off your ticket. Buy yours today:
https://www.startenginesummit.com/?utm_source=TimoLehes
Swarm Fund @TheSwarmFund
ICYMI: Swarm is live on Delta Direct - the newly enhanced version of the Delta app. Get all the latest @TheSwarmFund updates directly on @get_delta when you follow the $SWM token. Make sure to enable notifications so you never miss out.
Dharma Protocol @DharmaProtocol
The #DeFi movement is rapidly growing! We're excited to announce 12 new #DeFi members and an open application process for projects that wish to join the community
rich@makerdao @richatmakerdao
"We’re firm believers that the open financial system won’t be built in silos, it will require interoperability between decentralized financial protocols." We couldn't have said it better ourselves. @MakerDAO is happy to be a part of the #DeFi community.
DAOstack @daostack
"It’s impossible to maintain deep knowledge of every political topic of importance. Cooperative #governance gives us permission to be curators, focusing on just our areas of passion and expertise." @nayafia https://nadiaeghbal.com/voting
Manuel Araoz @maraoz
Update on our work on upgradeable on-chain packages, in collaboration with @AragonProject
https://blog.zeppelinos.org/open-source-collaboration-in-the-blockchain-era-evm-packages/
Block.one @EOS_io
The Africa Virtual #EOSHackathon challenge: create an application on the #EOSIO platform that will create a global economic opportunity for #Africa to improve the welfare of its communities.
CoinDesk @coindesk
Tether releases statement on USDT drop: "We would like to reiterate that although markets have shown temporary fluctuations in price, all USDT in circulation are sufficiently backed by U.S. dollars (USD) and that assets have always exceeded liabilities."
https://www.coindesk.com/price-of-tether-stablecoin-tanks-to-18-month-low/
Preston Byrne @prestonjbyrne
This language doesn't actually say that the assets are 100% dollar-backed. It simply says "sufficiently backed" and "assets exceed liabilities." Leaving open the possibility that part of the "assets" backing USDT are marked-to-market, illiquid crypto holdings.
Mitoshi Kaku @CryptoSays
Another coin that signaled, a new bull trend (6HR) and quickly got into accumulation mode is $ICX, you can't really get a better chance to enter a relative-safe trade.
And always remember the three most important things:
- Zoom out
- Work on your patience.
- Work hard, more than anything else on your risk management strategy.
Jake aka Korean Jew Trading (not giving away eth) @koreanjewcrypto
So if everybody just buys Btc/alts with usdt,who loses? There’s no such thing as free money, unless you’re withdrawing $dig from livecoin that is. This is not a rhetorical question btw, trying to analyze the ramifications here. Imo the integrity of the value would be damaged.
Causing sell off to fiat and major questions in valuing the assets
Brandon William @azbill_brandon
What’s your deal lately? You been off your game and negative. $DIG will melt faces, and you’ll be back trying to take credit again.
Jake aka Korean Jew Trading (not giving away eth) @koreanjewcrypto
off my game? I've been trading successfully so I'd disagree, but I hope it does well for the people in it and no I would never try to take credit. you're confusing me with someone else, that's not how I operate
Phillip Nunn @PhillipNunnUK
Biggest news this year is #Fidelity opening the door. It’s huge. Many #Crypto intrigued investors have entered via VC route which is more niche. Multi Billion $ funds want to pile in but biggest hurdle has been Custody. That’s just been solved $BTC seems to be entry point
sicarious @Sicarious_
Tether has restored it's peg and the Finex premium is steadily being eroded, all while USDBTC markets are holding relatively steadily.. #bitcoin Tis a good day.
Alex Krüger @Crypto_Macro
$USDT back to about $1. That was quick. Spreads in the 4%-5% nonetheless.
Bruce Fenton @brucefenton
Ravencoin asset layer is coming out in just a couple weeks-/ imho best uses early on will be games, fun, experiments etc.- it’s still early & experimental- I don’t recommend taking economic risk or putting real securities on the protocol yet- you can reserve names- should be fun!
RedCrypto @bryan_searson
I wonder just how much money bitmex and bitfinex made killing all of those shorts last night. i remember on the ride to 8,500 that 1,200$ candle in between the ride was a crazy payout for bitmex.
Jason Davis
Grab your username on Hoard before it’s gone. Pre-registration is now officially open. Send/receive cash or crypto on-chain using @name instead of an address. #fomo
Joshua Lee
How do you guys feel about Tezos? When they were selling XTZ "futures" I was really hesitant to buy into it.
https://www.cryptoninjas.net/2018/10/15/crypto-exchange-kraken-adds-support-for-tezos-xtz/
Wayne Marcel
I've been bullish on this one since ico last year. Expect to see big things from it.
Seth Maniscalco
Now that price is in the bottom of the standard J curve it’s a good buy in opportunity
Wayne Marcel
Good catch man. I've been watching to add more to my initial buy.
Zachary Dash
The top five stories of the weekend in five sentences or less. No BS. No Bias. https://aroundtheblock.news/
- Nouriel Roubini and Vitalik face-off: debate coming soon?
Following Roubini’s accusations and Twitter tirade against Vitalik Buterin, he posted that he would be “happy to have a live debate the Ethereum founder,” on the condition that they both agree on a moderator who should not be a “biased shill,” and specifically not Forbes contributor Laura Shin. Buterin responded, nominating Kevin Pham: “Can’t get more fair than someone equally 100% biased against both of us!”
- Tether trouble: millions of USDT exit Bitfinex, stablecoin falls below $0.90
Bitfinex had a rough week: a pseudonymous author claimed they were “insolvent,” millions of tethers (USDT) were seen exiting Bitfinex, fiat deposits and withdrawals were frozen, and the trade value of USDT fell below 90 cents. The value of USDT has been stabilizing since and the exchange has released a blog post denying the insolvency rumours claimed in a Medium post that has since been taken down.
“Bitfinex is not insolvent, and a constant stream of Medium articles claiming otherwise is not going to change this,” they wrote. As for the fiat freeze, they said there are still complications but they are doing their best to minimize waiting times.
- SEC comes after another ICO, which falsely claimed it had SEC approval
In a release, the SEC said it “has obtained an emergency court order halting a planned initial coin offering,” as well as any ongoing pre-ICO sales by a company called Blockvest, which created the token BLV. According to the release, the company falsely claimed to be approved by the SEC.
“Blockvest and Ringgold, who also goes by the name Rasool Abdul Rahim El, were using the SEC seal without permission, a violation of federal law, and falsely claiming their crypto fund was ‘licensed and regulated.’ The complaint also alleges Ringgold promoted the ICO with a fake agency he created called the ‘Blockchain Exchange Commission,’ using a graphic similar to the SEC’s seal and the same address as SEC headquarters.”
- LTC founder Charlie Lee interested in Monero, may “eventually have to step away from Litecoin”
In an interview with cryptocurrency prime dealer SFOX, Litecoin founder Charlie Lee said: “Bitcoin is obviously the soundest form of money around, and Litecoin, I would say, is the second soundest. Another project that I’m interested in as Monero: I think a bit of privacy and fungibility is something that’s missing from Bitcoin and Litecoin, and it’s very much needed.”
“Obviously, Litecoin is more centralized than Bitcoin. If anyone wants to target Litecoin, they could attack me. That’s something that definitely could be improved. So I think that moving forward, I’ll eventually have to step away from Litecoin”.
- Confirmed: Coinbase’s crypto index fund is closing down
A Coinbase spokesperson has reportedly confirmed that the cryptocurrency exchange is shutting down the Coinbase Index Fund by the end of October, four months since it went live, according to a CoinDesk article.
“After assessing demand from retail, accredited and institutional investors, Coinbase has decided to shut down Coinbase Index Fund. We will focus on providing diversified exposure to all investors through Coinbase Bundle,” the spokesperson said.
Adam Gambrell
Update: I didn’t phrase this question correctly. Compared to a Bank of America savings account, how much higher is the risk of your wealth being stored in BTC?
Original: What do you consider to be a safe percentage of your wealth to be held in crypto as opposed to banks and/or other investments?
It all depends on your overall wealth, but unless you’re a millionaire, I’d say less than 10%.
Evan Skev
The millionaire wants to preserve wealth so keeps a much lower percentage of her portfolio in speculative investments
The working man is much more gambler
Adam Gambrell
Yes, agreed. I understand investment risk management. I’m more interested in what level of risk do people consider crypto.
Ch Ris Tor Res
5 or 10%
Matt Dittman
I concur, less than 10%. This is for initial investment... Obviously if what you bought moons, it will grow higher than that.
Sheldon Dearr
A year ago I said 15%, I now have more crypto than anything except my 401k. The dollar and American stock markets are in trouble, act accordingly
Ash Roulston
Here's the thing.
If you have $10 to your name and ya play the lotto, it's high risk but fuck it, that $10 is gonna be gone anyway.
If you have $10, $100, whatever, you may as well chase a moonshot because otherwise it'll be gone anyway. At least it's better odds than the lotto.
When you say "% of you wealth", that's relative and idealistic.
If you don't have a few thousand dollars minimum, it's not even worth the costs associated with a retirement account or brokerage account.
I've been there. When I started in crypto, I was pretty much there.
Peter Dimeglio
Let tether crumble to 0. Look at all the money that poured into btc and even Eth. You want a bull run let tether go to 0. Either cash out or buy btc and Eth.
Scott Riley
If tether dies we're done for years.
Eric Mioducki
Makes zero sense. Their replacements are already lined up, regulated and approved...
Peter Dimeglio
Why? So people can’t hide out and manipulate the market? Give me a break.
Scott Riley
I think it would obliterate what's left of the lay person's trust. I've never trusted it, but I've never wanted it blown up.
Ryan Curry
There are tons of exchanges putting in fiat gateways. Also there are no less than 3 other stable coins pegged to USD. Tether was a place holder until something better came along. The market doesn't need it.
Raymir Boekhoudt
If tether dies, there's still TUSD, DAI, BitUSD, nUSD, and a bunch more...
Ayndrw Maysawn
If tether crumbles, the company tether will just buy their debt that they sold to you for $1 for pennies on the dollar. Easiest profit ever
Chris Clary
I don't post often here but it looks like the run is about to begin. About to deploy massive capital into XRP, XLM, ETH personally. Tether scare is attended to scare people imo. In the end it will force people out of USDT and back into the market leading to increase in prices. I am actively watching on the sidelines and only have been day trading since February after the run was over but as of now the tether boom broke a major trend line that has been in control for some ...time. Shorts record high again due to FUD. Futures market looks primed for a rip up. The tape has already maxed out on the downside I might buy in the next hour or next day but we are close to some real shake and bake action. Were sitting on the close support. If this holds I think it's a very good sign. If we break though futures close I will withdraw my buy orders.
Brick Coolins
Shorts aren't even close to being at a record high??
Brick Coolins
Eth especially, ETH shorts have been getting OUT... ETH is still way stacked to the long side
Mateusz Bogacki
One of my favorite traders and market analytics, Goerge Saber, gives a very interesting perspective on the latest market movements.
"Bitcoin’s previous range and price action created somewhat of an imbalance on OTC markets. Institutions and the race for new institutional products is diminishing current supply.
Big players couldn’t accumulate enough Bitcoin on OTC markets, nor did they want to create a major buying frenzy by purchasing BTC on spot exchanges, so they had to short swaps first.
Why not allow the token to range trade and accumulate the range?
Inefficiency and the last series of trading ranges accompanied by minor breakouts resulted in a price channel from $6,000 to $6,800. It was much more efficient to execute a big short first thus leveraging existing holdings to decrease market price in order to accumulate at lower prices without creating a buying frenzy."
Jason Hyungchul Kang
Volume is still shit, no capitulation event. Bear market will continue for a while until the fundamentals start catching up to the price. Not to say we won’t have a nice pump, but that $20k level is at least a few years away in my opinion. 2020-2021 at the very least. Not FUD just being #real
Briley Heart
I agree! The market is in a bearish trend and has been the entire year. Who knows when it will reverse. Even once major exchanges here in the USA goes live, it’s still going to be a slow up climb being that institutional investors would rather pump and dump than to properly invest.
Kamonie Williams
Too much money coming into crypto. Should def hit 20k before 2020.
TD ameritrade, Fidelity, New york stock exchange, nasdaq, Etf. So you think billion and trillion dollar companies are going to wait until 2020 to begin buying crypto? Just for them to have enough to sell their custoners they need to be buying it like right now. The demand will sky rocket.
K Eric Boger
I tend to agree although i feel it could be but doesnt have to be bearish for as long as you said. I wouldnt be surprised if we get another bull mania run in as little as one year from now. Thats optimistic but i say it based on past mania cycles. They were all 2 to 3 years like you say, but then i try factor in all of the changes in investors and its popularity which i suspect may shorten the cycle to welcome bulls back a little less than the 2 to3/4 year cycles. In the meantime I will be 65/35 altcoins (top 50 mostly top 20) and 35 percent bitcoin. This is bc i want a chance to gain btc without putting more fiat in it. When btc starts to go manic again, I will move back into 100 percent btc. After the peak and i sell at the top, I will invest it into dips in alts which will parabollically peak 1 to 4 weeks after btc. That my friends is a double come up. Also, along the way I will short my positions after big gains in order to gain coin and take advantage of fibbonacci retracement levels. Good luck to all you!
Seth McGathey
Mentioned this in another group when someone was asking about price differences from exchange to exchange during this recent BTC volatility. Thought i would share it here for anyone who might still have questions on why exchanges prices are not always similar.
Exchanges are not connected to some sort of centralized price network. Each exchange trades coins at whatever rate the people on the exchange are willing to. Just like I could meet you in an alley and say, I will pay you $10,000 for 1 BTC.
The guy in the next alley might be paying $1000 for 1 BTC.
The going price in my alley is $10,000 and the going price in his alley is $1000. Now, if I find out the guy in the next alley is paying $1000, I will most likely say I want to pay $1000, and whoever I am buying it from can either refuse to sell or sell it at that rate, or else I will go to the other alley. In the same way the seller in the other alley might try to come to my alley to sell his BTC when he hears that the going price is so much higher.
Exchanges are the same. They are independent, and the prices change independently based on which people are in that “alley” and what prices they are willing to buy/sell at. They often end up at similar prices simply because the people in my alley can see what the going rate is in all the other alleys. But in times of quick price changes, the buyers and sellers do not have time to adjust to the going rate in other exchanges/alleys. So the price might range more.
(This is where arbitration comes in. When people buy a coin on a change where it is lower than on other exchanges, then quickly sell it for more on another exchange before the prices balance out again).
Michael Rainwater
And in this case - it's even bigger of a spread because people are looking at USDT/BTC pairs on exchanges like Bitfinex compared to USD/BTC pairs on exchanges without USDT such as Coinbase
EXCHANGES
CoinMarketCap @CoinMarketCap
New listings! http://coinmarketcap.com/new KUN (KUN), Zenswap Network Token (ZNT), Athieos (ATH), Commerce Data Connection (CDC), MMOCoin (MMO), ShopZcoin (SZC)
litecoin @litecoin
Trading LTC on @GeminiTrust begins tomorrow @ 9:30am EDT.
OKCoin @OKCoin
We are pleased to announce that USD//Coin (USDC), Gemini Dollar (GUSD), and Paxos Standard Token (PAX) are now listed on OKCoin. Please take note of the following schedule:
- USDC, GUSD, PAX deposit - 4:00 AM, Oct 15 (PST) 2. USDC/BTC, GUSD/BTC, PAX/BTC spot trading - 1:00 AM, Oct 16 (PST) 3. USDC/USD, GUSD/USD, PAX/USD spot trading - 1:00 AM, Oct 16 (PST) 4. USDC, GUSD, PAX withdrawal - 1:00 AM, Oct 16 (PST)
Circle @circlepay
NEWS: OKEx (@OKEx_) lists USD//Coin. More details to come #USDC.
Gemini @GeminiTrust
The Gemini dollar (GUSD) is now officially listed on @coinbene! https://www.coinbene.com
CryptoBridge @CryptoBridge
$MIDAS @MIDAS_NEWS now trading on the #CryptoBridge Decentralized Exchange!
$ATHR @AuthoraCoin now trading on the #CryptoBridge Decentralized Exchange!
BitPay @BitPay
BitPay Introduces Stable Coin Settlements in Gemini Dollars and Circle USD Coin | The BitPay Blog https://blog.bitpay.com/stable-coin-settlement/ …
FCoin @FCoinOfficial
All good things come in twos. $GUSD is now being officially opened for deposits on #FCoin.
Kraken Exchange @krakenfx
Kraken listing Tezos (XTZ) - trading starts Tuesday October 16!
COBINHOOD @COBINHOOD
Congratulations to @cybermiles to successful main net launch! In connection, we're happy to announce that we our vying to become one of the $CMT validators. More details about this soon, but here's the official post from CyberMiles about it: https://medium.com/cybermiles/genesisvalidator-18-cobinhood-joins-cybermiles-with-2-million-cmts-9e605d4e6e76 …
Aurora (IDEX) Not Giving Away ETH @Aurora_dao
$ICX (ICON) will be de-listed on October 19th, due to an upcoming token swap.
$PEP by @pepchain has been added to #IDEX
$BRN (Brainmab) has been de-listed. Please cancel all orders prior to withdrawing.
$PAY (Payther) has been de-listed due to violating our listing guidelines. Make sure to cancel all orders before withdrawing.
KuCoin Updates @KuCoinUpdates
Paxos Standard Token (PAX) is now on KuCoin.
KuCoin will add USD//Coin (USDC) market.
TrueUSD (TUSD) is now on KuCoin.
USDT Deposits and Withdrawals are Now Enabled See the official announcement here: https://news.kucoin.com/en/usdt-deposits-and-withdrawals-are-now-enabled-2/ …
MERCATOX @MercatoxCom
Decentralized Asset Trading Platform (DATP) market added DATP/BTC and DATP/ETH markets are available for trading.
Indonesia Digital Asset Exchange @IndodaxOfficial
Aurora (AOA) and SiaCashCoin (SCC) is present in the Indodax! Deposit Aurora (AOA) and SiaCashCoin (SCC) starting Wednesday, October 17, 2018 at 15.00 pm and can be traded on Thursday, October 18, 2018 at 15.00 BST. More information at the following link
Bit-Z.com @BitZExchange
Dear traders, GXS will be delisted on DKKT market at 17:00 October 16, 2018(UTC/GMT+08:00). We are sorry for the inconvenience it may cause. Notice: GXS has been launched on USDT market at 18:00 October 15, 2018(UTC/GMT+08:00).
Coinone @coinone_info
Coinone Node will officially launch on October 15th, 2018 (Mon) with its Tezos (XTZ) delegation service and later expand to other blockchains, step by step. Let's get reward at Coinone! Coinone Node https://node.coinone.co.kr
BigONE Exchange @BigONEexchange
Announcement of BigONE has Listed HOLO / BTC Trading Pair
Cryptopia Exchange @Cryptopia_NZ
0x is now listed on Cryptopia! Deposits and withdrawals are now open, and trading will begin 24 hours from now (2 AM UTC). Find out more about $ZRX here: http://ow.ly/nFyV30mebHa Welcome to the Cryptopia family @0xProject!
Sybil attacks...
by vinelife420
So I'm kinda of scared to ask this question because I don't know how Aragon's platform can deal with it, but I will anyway.
How will Aragon prevent Sybil attacks?
I know this is a potential problem for a lot of crypto projects, but because of the financial responsibility a DAO can hold, I find it to be a bigger potential problem with Aragon. Obviously if the same entity assumes many identities within a DAO, a lot of bad things can happen such as draining funds with majority votes, issuing tokens, etc.
Any thoughts on this?
Lightcoin
There's a good discussion in the forum about this:
https://forum.aragon.org/t/fiduciary-agreements-and-minority-passive-stakeholder-protections-for-daos/184/4
TL;DR we can use collateral + the Aragon Network court to ensure that proposals are aligned with the interests of a DAO's stakeholders.
READ MORE: https://www.reddit.com/r/aragonproject/comments/9oafw8/sybil_attacks/
How do I unstake my EOS so I can transfer it to binance?
by Aceturn
Newbie here, I'm using the greymass wallet and I want to get my EOS onto binance. Only a small fraction of my EOS is liquid and the rest is staked to self. What does this mean and is it possible to withdraw the entire amount?
besthingsinliferfree
Just beware: You can't unstake it all because you need enough CPU and bandwidth to send your transaction.
robotspacetime
Go to "Update your stake". Do a little subtraction and change the numbers you have staked in CPU or bandwidth.
Wait 72 hours and they will be released.
nedupaul
No fees, just leave a little Eos on both band with and cpu
READ MORE: https://www.reddit.com/r/eos/comments/9obn6t/how_do_i_unstake_my_eos_so_i_can_transfer_it_to/
DAMN CPU
by Blaul
My account CPU: 450.046ms / 26.672ms
15 hours already and I can't do anything. can't sell, buy, claim....nothing.
What's the problem? Eosbet hack related? Other promotions?
ribaudequin
EosGen and LiquidEOS BPs are not performing well.
Jay-Bee
This free service will add 1 EOS of CPU to your account for 8 hours, in case that is enough for you to have unused CPU again so you can stake more of your EOS for CPU:
https://cpuemergency.com
Ripama
I thought I was the only one!
My CPU Usage has gone haywire. About 20 hours ago I was on a gambling site when my CPU Usage exceeded 100%. It now fluctuates between 300% to 1000% repeatedly. I have 15.70 EOS Staked for CPU, but it seems like my CPU Usage is in a Transaction "Do-Loop". I'm u able to make any transactions.
I'm trying to figure out how to locate the problem, but don't know how. All I see is CPU Usage, but no other details or information about what or why.
READ MORE: https://www.reddit.com/r/eos/comments/9oc7m1/damn_cpu/
Does anyone have a favorite BP? Can you explain why?
by areyouokaywiththat
I find it difficult to differentiate between BPs performances on the main net. I would like to know some of your favorite BPs and reason why I should vote for them.
iPSCRISPR
EOSnewyork because they were one of the first to announce BP candidacy (back in Dec. 2017) which means they had to figure things out on their own. They were also an integral part in bringing the community together and spreading the word with their meetups. They have developed several useful tools including eosrp.io. They're transparent and are involved in every aspect of EOS; technical, outreach, governance, communication, and innovation. They have built an impressive reputation and are looked at as an example not only by most other BPs, but almost everyone in the community. Also they take a strong and early stance on developing EOS issues and on my count are almost always right or at least have a convincing position. Simply put they do things the right way!
Steve100k
I like LiquidEOS, first off I like geographical diversity and they are Israel based and there aren't many BP's in that region. They are very active in lots of different areas for instance working on cross-chain solutions with BancorX, providing tools for BPs, working on increasing the level of communication between BPs in the East and West.
Obviously DYOR but they would be a good BP to start with...you can vote for 21!
Katomm
Greymass, because of their wallet. (when rename?)
danieldcd
Cypherglass, creating lots of unique incentives to bring positive change to EOS. HKEOS, clean, understated, no nonsense block producer who played an integral role in the mainnet launch and perhaps well positioned to be a bridge between the western and eastern communities.
Tsrdrum
Cyperglass and Greymass and Detroit EOS are my favorites. EOS Rio has impressive CPU performance numbers.
READ MORE: https://www.reddit.com/r/eos/comments/9o94gn/does_anyone_have_a_favorite_bp_can_you_explain_why/
Where do i buy maker with fiat?
by alexiglesias007
Sorry if this is answered somewhere. The reason I ask is that I don't want to buy with Ether triggering a taxable event
Mars1977
Lock up some Eth In a cdp, draw Dai buy mkr with Dai.
pear_to_pear
The best stablecoin market for MKR is oasisdex.com or oasis.direct . So CDPs aside, perhaps try and find fiat:dai onramps. Anyone know if wyre is available yet?
Coinectedio
You can try posting an offer on coinected.io - our new p2p fiat-to-crypto marketplace (you can think of us as localbitcoins for MKR).
READ MORE: https://www.reddit.com/r/MakerDAO/comments/9o1kdn/where_do_i_buy_maker_with_fiat/
Can shut CDP be reopened?
by ensdomains
jaust1
No. If you ever plan on using a CDP again it would be better to just wipe the debt and keep it active. As long as there is no "Stability Debt," or outstanding loan, it doesn't cost anything to keep it open. However, closing it costs gas, and opening a new one will cost gas.
READ MORE: https://www.reddit.com/r/MakerDAO/comments/9od98s/can_shut_cdp_be_reopened/
EasyCDP fees
by Mushoz
Hello all. I would like to open a small CDP and was planning to use EasyCDP since the ease of use and it is permitted in my country of residence. However, I was wondering if the fees that are charged via EasyCDP are higher than the ones you pay when opening a CDP manually via the Maker interface. Thank you very much in advance for the information
jaust1
I'm spit balling here because I haven't used EasyCDP, but knowing that they bundle multiple function calls into one transaction implies you will save gas.
caseyavera
It's definitely cheaper on the original site compared to easycdp, speaking from experience. Unfortunately I can't find the fees easycdp charges but it's quite high if I remember correctly, like over 5%.
READ MORE: https://www.reddit.com/r/MakerDAO/comments/9ob2dg/easycdp_fees/
So we know Dai can survive crashes. Maybe we are about to see how Dai deals with sudden demand with Tether imploding.
by tarpmaster
Would be nice to have MCD.
almondicecream
Dai isn't on enough exchanges. Also to sub in for tether there needs to be way more dai. I don't see enough people going long right now
bunsenator
Isn't there a Dai issuance ceiling?
jaust1
Yes there is a debt ceiling which will increase over time with new implementations of MakerDAO. You can see the debt ceiling on the MakerDAO dashboard, currently it is 100,000,000 Dai.
READ MORE: https://www.reddit.com/r/MakerDAO/comments/9oaohw/so_we_know_dai_can_survive_crashes_maybe_we_are/
Maker and Dai for dummies ( help me )
by Fridayd5
A friend recently told me about Maker and Dia and CDP's, i'm trying to find a version for dummies to understand everything and hopefully start investing. Do I passively collect Dia by holding Maker or Dia? Do I have to open or invest in a CDP to make money? How do I open a CDP? Could someone give me a rundown? thanks!
EmergentCthaeh
for dummies you say? https://medium.com/cryptolinks/maker-for-dummies-a-plain-english-explanation-of-the-dai-stablecoin-e4481d79b90
cyounessi
Try this and let me know if it's helpful
https://www.tokendaily.co/blog/a-taxonomy-of-stablecoins
Jaust1
This is probably the most comprehensive resource list on MakerDAO I've found.
https://github.com/scottrepreneur/maker-minutes/blob/master/awesome-dai.md
Credit goes to: u/scottrepreneur
READ MORE: https://www.reddit.com/r/MakerDAO/comments/9o7u76/maker_and_dai_for_dummies_help_me/
MEDIUM
Contract Vulnerability Patch
EOS Cafe Block
A vulnerability has been discovered in multiple contracts using notifications from other contracts. All parameters from notifications need to be explicitly checked as checking only contract name and action name is not sufficient.
Any contract relying on transfer notifications from eosio.token should add this check immediately:
if (transfer.to != _self) return;
If you execute business logic on only incoming transfers, but reuse transfer action for both incoming and outgoing transfers, please use:
if (transfer.from == _self || transfer.to != _self ) return;
Note: This is a contract-level vulnerability and not a system vulnerability. Checks mentioned in this article are also seen in example code from B1 here: https://gist.github.com/tbfleming/d230f3ab2998e8858d3e51af7e4d9aeb
Update: EOS Bet and many other contracts have patched this vulnerability in their contracts. Be sure to share the patch with any developers who may still be unaware.
READ MORE: https://medium.com/@eoscafeblock/contract-vulnerability-patch-57b948cacc3a
EOS Echo — Your Weekly EOS Digest: #2
EOS New York
15 October 2018
The EOS public blockchain is a rapidly moving and evolving space and being an informed token-holder is a tall task for anyone but EOS New York is here to help! Each week we will release a summary of those most exciting and impactful news. Be sure to sign up to receive these updates in your inbox each week in the form above.
Featured
LIVE NOW: Block Producers develop solution for those who were “unregistered” after the EOS ERC-20 token sale ended. Claim your tokens today!
SimplyReg - saving the unregistered EOS accounts! - Steemit
Since the EOS mainnet launch, many people who had an Ethereum address didn't register their ERC-20 EOS tokens. In…steemit.com
Chain Health
Chain stats for 1 Oct 2018–10 Oct 2018 by EOSBIXIN
READ MORE: https://medium.com/eos-new-york/eos-echo-your-weekly-eos-digest-2-89afe338e3d2
What is CPU? What is RAM? And How Does the EOS blockchain Utilize These Resources?
EOS Asia
The EOSIO software is a sophisticated platform that serves as an operating system on which apps can be built. The brilliance of the software is its ability to scale horizontally and vertically, which means that sometime in the near future, EOS based blockchain(s) will be able to process millions of transactions per second. Another benefit of the software is that it charges no user fees, making it a desirable platform for developers and users alike. There is no doubt about it, EOS is a game changer! BUT, because the EOSIO software is novel in the blockchain world, there are key aspects of EOS that do not quite work in a traditional way, or do not line up with classical tech definitions. One of the aspects that make the EOSIO software unique is the way that CPU and RAM are used on the EOS blockchain.
IF YOU’RE IN A RUSH, JUST READ THIS: THE TRAIN METAPHOR
If the EOS blockchain was a train, CPU, RAM, and bandwidth could be explained in the following way:
Bandwidth would be the available seats in each train leaving and entering the blockchain. Your chair will always be reserved, and if u need it, it will be yours. BUT, if no one is on the train, you could lay across a bunch of chairs because they are free! So bandwidth is a way to make sure you have somewhere to sit when the train leaves.
Opening #DeFi
Brendan Forster
New Members, New Membership Structure
#DeFi was created as a shared community for projects developing open source financial primitives. We saw an overlap in the problems that decentralized finance protocols were trying to solve and thought there would be no better way to tackle them then by forming an open community of like-minded projects.
Together, we propose the following core principles of the #DeFi movement:
Interoperability and Open Source — Members of DeFi take interoperability into account when building their projects. This helps strengthen the compounding effects of all our projects as a whole. Open sourcing helps us reach this goal by allowing us to collectively understand how all of our products can be woven together on a technical level.
Accessibility and Financial Inclusion — We strive to create a financial system that is accessible to anyone with an internet connection. We believe in a world where value flows freely, regardless of one’s geographic location.
Financial Transparency — We believe that financial services should not be built in opaque silos, but rather that market-level information should be transparent to all participants while still preserving individual privacy.
By putting a team effort behind these shared principles, we amplify our message and onboard new developers, users, and community members to our shared vision for a better financial system.
READ MORE: https://medium.com/defi-network/opening-defi-42a5afdb71e0
CRYPTO COMPARE STATE OF THE CRYPTO
Bitcoin is up 5.1% at $6,639.910 with a volume of Ƀ113.0k - $753.3M on the USD pairs.
Ether is down 0.31% against Bitcoin at Ƀ0.03169 per Ether and up 5.51% against the dollar to $212.47 with average volume Ƀ47.8k on the ETH/BTC pair.
Bitcoin Cash is down 2.75% to Ƀ0.0694 with volumes of Ƀ21.1k and up 3.34% against the dollar at $465.93.
Ripple is up 0.57% to Ƀ0.00006718 with volumes of Ƀ14.6k and up 6.94% against the dollar at $0.4531.
Zcash is down 3.76% for the day to Ƀ0.01689 per ZEC and up 2.83% against the dollar to $114.46 with an average volume of Ƀ5.1k for the 24 hour period.
Litecoin is up 1.99% against the dollar for the day at $54.4 and down 2.31% to Ƀ0.008257 on volumes of Ƀ7.6k.
Dash is down 3.96% at Ƀ0.02473 with Ƀ5.9k volume and up 3.64% against the dollar at $169.57.
Iota is down 2.16% to Ƀ0.00007651 on Ƀ1.3k volume.
Ether Classic is down 5.77% to Ƀ0.001436 with volumes of Ƀ9.2k and up 0.83% against the dollar at $9.73.
Monero is up 3.23% against the dollar at $107.1 and down 2.82% against Bitcoin at Ƀ0.01587 on volumes of Ƀ1.7k.
Neo is down 4.45% for the day to Ƀ0.002449 per NEO and up 3.31% against the dollar to $16.87 with an average volume of Ƀ11.5k for the 24 hour period.
Waves is down 1.78% to Ƀ0.0002987 on Ƀ823.868 volume.
Stratis is down 4.11% to Ƀ0.0002076 on Ƀ126.411 volume.
Cardano is down 3.96% to Ƀ0.00001115 on Ƀ2.3k volume.
NEM is down 3.41% to Ƀ0.00001445 on Ƀ585.223 volume.
EOS is down 2.36% to Ƀ0.0008113 on Ƀ14.6k volume.
Tron is down 3.64% to Ƀ0.00000371 on Ƀ8.6k volume.
Stellar is down 0.97% to Ƀ0.00003381 on Ƀ2.7k volume.
RELEVANT READS
Dash Labs Exclusive Update: Interview with Tito Rios on Data Collection Protocol
https://www.dashforcenews.com/dash-labs-exclusive-update-interview-with-tito-rios-on-data-collection-protocol/
The Guide To Dash Masternodes
https://usethebitcoin.com/the-guide-to-dash-masternodes/
Dash Adds Aggressive Venezuela Marketing Push to Comprehensive Merchant Support
https://www.dashforcenews.com/dash-adds-aggressive-venezuela-marketing-push-to-comprehensive-merchant-support/
4 custom EOS tokens you need to know about
http://eostelegraph.com/4-custom-eos-tokens-you-need-to-know-about/
EOS frontend wrapper, EOSJS, gets major update – version 20.0.0 beta released
https://blockmanity.com/news/eos/eos-frontend-wrapper-eosjs-gets-major-update-version-20-0-0-beta-relased/
Hackers Steal $338K from EOSbet Gambling dApp after Stealing $200K a Month Ago
https://www.blockchainreporter.net/2018/10/15/hackers-steal-338k-from-eosbet-gambling-dapp-after-stealing-200k-a-month-ago/
EOS Knights Advanced tips
https://trybe.one/eos-knights-advanced-tips/ref/8621/
A Billion Dollar Dapp Fund : EOS VC
https://trybe.one/a-billion-dollar-dapp-fund-eos-vc/ref/8621/
OKEx Lists Four New Stablecoins
https://bitcoinmagazine.com/articles/okex-lists-four-new-stablecoins/#1539632542
Why is Crypto Mining Bad?
https://pumapay.io/crypto-mining/
Fidelity just made it easier for hedge funds and other pros to invest in cryptocurrencies
https://www.cnbc.com/2018/10/15/fidelity-launches-trade-execution-and-custody-for-cryptocurrencies.html
Daily Cryptocurrency News – 14th October 2018
https://zerocrypted.com/daily-cryptocurrency-news-14th-october-2018/
The Prophets of Cryptocurrency Survey the Boom and Bust
https://www.newyorker.com/magazine/2018/10/22/the-prophets-of-cryptocurrency-survey-the-boom-and-bust/amp?__twitter_impression=true
Bitcoin Breaks Out Of Its Malaise Following Tether Panic
https://www.forbes.com/sites/cbovaird/2018/10/15/bitcoin-breaks-out-of-its-malaise-following-tether-panic/#273fa029293d
Could Blockchain Upend A Century-Old Global Energy System?
https://www.ethnews.com/could-blockchain-upend-a-century-old-global-energy-system
Bitcoin May Have Just Experienced its Final Shakeout Before a Big Rally
https://www.ccn.com/bitcoin-may-have-just-experienced-its-final-shakeout-before-a-big-rally/
Are Investors Losing Faith In Tether’s Stablecoin?
https://www.ethnews.com/are-investors-losing-faith-in-tethers-stablecoin
Crypto Exchange Coinbase Is Opening an Office in Dublin
https://www.coindesk.com/crypto-exchange-coinbase-opens-new-dublin-branch/
Sony explores the blockchain for DRM, intellectual property protection tech
https://www.zdnet.com/article/sony-explores-the-blockchain-to-create-drm-intellectual-property-protection-tech/?utm_source=hootsuite&utm_medium=social&utm_term=&utm_content=&utm_campaign=Organic%20
This is not investment advice, this is information culled from the web today. Please do your own research.