All Free: October 2020

Facebook Censors Bitcoin-related Content Once Again

https://ift.tt/3kM18pd

Submitted November 01, 2020 at 10:33AM

PayPal will allow users to buy, sell and shop using cryptocurrencies including bitcoin & ethereum

https://ift.tt/3ef5Zg5

Submitted November 01, 2020 at 03:52AM

Bitcoin Shrugging Off Stimulus And Election Fears Is A Sign Of A Bull Market

https://ift.tt/3oNwiia

Submitted November 01, 2020 at 07:43AM

MicroStrategy’s Bitcoin Bet Reaches Front Page of the Wall Street Journal

https://ift.tt/3ecPjWs

Submitted November 01, 2020 at 07:36AM

Daily Discussion - November 1, 2020 (GMT+0)

Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.Disclaimer:Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.Rules:All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.Discussion topics must be related to cryptocurrency.Comments will be sorted by newest first.To see prior Skeptics Discussions, click here.

Submitted November 01, 2020 at 07:15AM

Monthly Skeptics Discussion - November 2020

Welcome to the Monthly Skeptics Discussion thread. The goal of this thread is to promote critical discussion by challenging popular or conventional beliefs.This thread is scheduled to be reposted on the 1st of every month. Due to the 2 post sticky limit, this thread will not be permanently stickied like the Daily Discussion thread. It will often be taken down to make room for important announcements or news.Rules:All sub rules apply here.Discussion topics must be on topic, i.e. only related to skeptical or critical discussion about cryptocurrency. Markets or financial advice discussion, will most likely be removed and is better suited for the daily thread.Promotional top-level comments will be removed. For example, giving the current composition of your portfolio or stating you sold X coin for Y coin(shilling), will promptly be removed.Karma and age requirements are in full effect and may be increased if necessary.Guidelines:Share any uncertainties, shortcomings, concerns, etc you have about crypto related projects.Refer topics such as price, gossip, events, etc to the Daily Discussion.Please report top-level promotional comments and/or shilling.Resources and Tools:Read through the CryptoWikis Library for material to discuss and consider contributing to it if you're interested. r/CryptoWikis is the home subreddit for the CryptoWikis project. Its goal is to give an equal voice to supporting and opposing opinions on all crypto related projects. You can also try reading through the Critical Discussion search listing.Consider changing your comment sorting around to find more critical discussion. Sorting by controversial might be a good choice.Click the RES subscribe button below if you would like to be notified when comments are posted.To see prior Daily Discussions, click here.-Thank you in advance for your participation.

Submitted November 01, 2020 at 07:15AM

Sleepy Swiss town launches Tezos-backed Coronavirus aid program

https://ift.tt/3eq5UGJ

Submitted November 01, 2020 at 04:47AM

Bitcoin block times - reliability

Triggered by a recent post in which it was pointed out that a block hadn't been mined for 1.5 hours..There was 1 hour and 41 minutes between blocks. 1 hour and 41 minutes!https://ift.tt/3kQa8tq https://ift.tt/2Jq7Iny was wondering how people, mostly Bitcoin enthusiasts, think about this. So apparently, even if you pay the maximum transaction fee to get into the next block, it could still be the case that you have to wait for over an hour to get a single confirmation. I see this as a bit of an issue, apparently regardless of the fee you pay, you can't count on Bitcoin for any time-sensitive transaction.How do you feel about this? Do you think that this is okay because it's a store of value that doesn't need to be moved, or do you see issues with this because apparently even block times can't be relied upon?

Submitted November 01, 2020 at 01:26AM

PLEASE VOTE ON MOON DISTRIBUTION PROPOSALS

Here is a list of active MOON distribution proposals:Comment karma weighted double post for moon distributionLimit maximum karma from a single post to 200Remove media/memes from karma contributionLimit maximum karma gained based on content categoryPlease take a few minutes to look each over and vote. If you're looking for the proposed distribution in CSV file you can find it in the post by /u/CommunityPoints here:https://ift.tt/2TvgkLm

Submitted November 01, 2020 at 12:51AM

Italian Airport Employee Accused of Using Airport's Computers to Mine Ethereum

https://ift.tt/2HRmcwf

Submitted October 31, 2020 at 07:11PM

Bitcoin Hits a 34-Month High as BTC Briefly Pushes Past $14,000 on Its Birthday

https://ift.tt/37Z0YXO

Submitted October 31, 2020 at 07:45PM

All the Returns in Life

https://ift.tt/2Ge33Un

Submitted October 31, 2020 at 07:29PM

SCAM ALERT: The Stratis team has announced a token swap - unsupported by exchanges and leads to delisting of the token on its few remaining exchanges

After years of broken promises, inability to deliver as well as decline in market cap and community, Stratis - a former, wannabe “competitor” to Ethereum - has pushed the community to agree to an unfavorable token swap, basically diluting the token value by >25% through higher annual inflation and increasing token balance (to be credited to the “dev” team).Not only did they urge the token holders by leaving no choice, “either you agree or we will abandon the project (due to funds)”, but also purposefully did not release already developed features - only to be available post-swap.While this is already abysmal, the team continues to scam the remaining community and token holders through a rushed and uncoordinated token swap to be completed within less than a month (until mid November) and without enough advance notice and only scarce information during the token swap:no exchanges announced to support the token swapmanual swap procedure failed for several holdersno clarity where the token will be traded afterwardsIn addition, several of the few remaining bigger exchanges supporting Stratis - like Poloniex - are already delisting the token.So, we got a value dilution through an immediate and hidden dev tax, intransparent and unhonest token swap and loss of the few exchanges to sell the crap! (And of course you get blocked for raising these points in their ghost town sub)Well done team!

Submitted October 31, 2020 at 05:42PM

Bitcoin price hits $14,000 exactly 12 years after whitepaper released

https://ift.tt/34H4fJk

Submitted October 31, 2020 at 06:22PM

This month's market recap:

https://ift.tt/2GewDJs

Submitted October 31, 2020 at 06:14PM

Why Bitcoin price and volume rising together is bad news for Ethereum, altseason

https://ift.tt/2Gefm32

Submitted October 31, 2020 at 05:54PM

Bitcoin doesn't care who wins the US election — it will rise in value regardless of the outcome, a cryptocurrency fund chief says

https://ift.tt/2TCDTlu

Submitted October 31, 2020 at 06:06PM

Bitcoin transaction fees break the 1000-day record

https://ift.tt/3ecJ7h8

Submitted October 31, 2020 at 03:33PM

Proposal: Post of the week Competition

Recently there seems to be a decrease in the amount of really high quality posts. There are often really great posts but most of the time they don't get the visibility or enough upvotes and end up dying in new. I fee this really demotivates people from creating high quality posts that take a lot of time and end up just making memes or posting news. My proposal is that there is a sort of weekly competition where high quality posts is submitted in a discussion and the top voted ones are rewarded with some moons (Maybe a top 3 or 5). This could really liven up the sub and get more people involved in making this sub a better place. I posted this as a discussion yesterday and it got quite a bit of positive feedback. I'm making this into a poll first to see if people actually agree with this proposal so that I can take it further and propose it to a mod and hopefully from there work on the specifications of the competition together.View Poll

Submitted October 31, 2020 at 04:27PM

Bitcoin is approaching all-time highs! When will it happen?

https://ift.tt/3jIJktP

Submitted October 31, 2020 at 07:32AM

Cryptocurrencies are here to stay, says Jack Ma

https://ift.tt/2Gd0Us3

Submitted October 31, 2020 at 07:53AM

MicroStrategy CEO: Bitcoin the Solution to $250 Trillion Problem

https://ift.tt/34I2sUi

Submitted October 31, 2020 at 07:33AM

Today is the 12 year anniversary of the Bitcoin whitepaper!

On October 31st 2008, Satoshi first sent out the link to the Bitcoin whitepaper, entitled: Bitcoin: A Peer-to-Peer Electronic Cash System.I confess that I had been invested in Bitcoin for almost 2 years before even reading the whitepaper, so for any of you out there who have perhaps never read it, I thought I'd include a link where you can download a copy of the whitepaper in several languages.https://ift.tt/2HQrCHD birthday Bitcoin! (although the first transaction didn't take place until January 2009)

Submitted October 31, 2020 at 02:22PM

Bitcoin Fees are soaring again (> $10) and highest number of unconfirmed transactions since in 2 years (over 150k pending txns right now)

The average confirmation fee is now $11.6...Unconfirmed transactions are almost near the Jan 2018 levelsAlthough, there has not been any abnormal spike in actual usage i.e number of transactions per day. -It is still below Jan 2019 levels.On forums, people are complaining about transactions that are stuck for several days, and are trying to speed it up by RBF or child pays for parent by making a new transaction with a much larger fees... Although Bitcoin searches on Google Trends is much below the Dec 2017 peak

Submitted October 31, 2020 at 10:36AM

Cardano - ERC-20 Converter demonstrated yesterday with Metamask integration, Mainnet release set for the end of Feburary 2021

https://ift.tt/35Te1ra

Submitted October 31, 2020 at 03:02AM

Bitcoin Decouples From Wall Street as BTC Dominance Soars

https://ift.tt/3mD8VGh

Submitted October 31, 2020 at 07:14AM

I paid back all my debts to the bank and to my working colleagues who collected funds to help me avoiding jail in UAE after losing my job because of the Covid crisis. I’m safely back home and it’s all because of Crypto.

If anyone remembers, few months ago I lost my job and couldn’t afford to pay my debts anymore in the country I was working in.The loan I took was to buy crypto in 2017 during the crazy bullrun we had.Long story short, after making a Reddit post, many of my working colleagues recognized me in that story and gathered almost 30000$ to help me not going to jail as it is the sentence in UAE for not honoring your debts.With those 27000$ to be accurate, I bought bitcoin and Ethereum that were much lower at the moment I received the money and decided to go all in to save my ass for good.It’s been a working bet because now I’m all clear! I paid the bank that canceled the travel ban on me and went back home to start a fresh new life. I manage to refund the people who helped me, some refused but few of them who gave many thousands on their own recovered them even tho they didn’t expect it.Thanks to you guys who supported me, and even the ones who insulted me with all their heart, I don’t have bitterness towards you.

Submitted October 31, 2020 at 07:10AM

Daily Discussion - October 31, 2020 (GMT+0)

ALERT: ICON (ICX) is facing a lawsuit and they've been censoring people asking about it and exposing questionable action on their network

Back in August, Icon claimed a hacker was able to mint 20 million ICX tokens exploiting some vulnerability in ICX's code. More recently, a lawsuit's been filed against them, which they've been censoring on social media. They blocked me on Telegram for posting a link and asking questions about it while also removing any traces of it so others can't see.For example, one of their own developers/mods even chimed in comparing the recent bug as worse than the eth dao hack and suggested Icon's not decentralized as it seems:https://ift.tt/3jJXn20 people made similar comments and one of the mods promptly removed their posts. When someone noted that this bug is pretty serious even for crypto standards (multiple users freely minting 20 million ICX tokens which is $6 million today, $250 million at ATH), the mod brushed it off as "it's software, happens no matter what".People also asked if the Icon foundation did manage to get back the stolen funds as promised and the mod deflected the question yet again. If they retrieved the funds, why are there no transactions from the wallet in question since or the promised token burn? Not a single person from Icon has been able to tell me "I can assure you funds are safe". Others have asked about it and most questions were left unanswered.No one's been able to give me a clear answer so that tells me either a) they're hiding something or b) they lied about retrieving all the funds back and now they're trying to figure out a way to hush it all up. It's very unsettling when they're faced with a lawsuit and censoring fair questions about it, yet alone when even one of your own developers and mod agree these are serious concerns (the other mod censored him too lol). If y'all ICX folks are clean as you say, then provide some proof and prove me wrong. Otherwise, it's looking extremely sketch and we can only assume otherwise.

Submitted October 31, 2020 at 04:48AM

While not as obvious as the Paypal advancement, this is comparable and deserves more publicity: Verizon announced they will be using Ethereum to log press releases - this blockchain-based press release system is designed to “ensure corporate accountability and trust."

Verizon's main website has more information about their integration of blockchain and Ethereum.We have one of the largest companies in the world - technically one of the largest in the history of the world - planning on using a blockchain, Ethereum no less, in the use of press-releases -- communiques on daily, weekly, and monthly business proceedings.Today, Verizon beat the crypto news industry to the punch. It announced that it’s implemented a blockchain-based record for its press releases.The new system, called Full Transparency, is a blockchain-based, press release-recording system “designed to raise the bar for corporate accountability.” It cryptographically bounds each press release to the blockchain, tracking and contextualizing subsequent edits.From YahooNews::A lack of transparency has the potential to undercut corporate credibility. According to the 2020 Edelman Trust Barometer, nearly 60% of consumers globally believe that the media they consume is contaminated with untrustworthy information. Transparency in news releases is an important step that a company—particularly a publicly traded one—can offer. Full Transparency's goal is to change the way corporate newsrooms provide visibility to their readers and hold themselves accountable for what they communicate to the public.In order to stay competitive, incorporating blockchain/distributed ledgers is going to be necessary in the market and business world -- and this is just one example from one company. And they're using a public blockchain, not a centralized corporate fake.This is the type of news executives and board-members throughout the world are going to see and make note of. It may be cliché, but doesn't make it untrue -- this is big news and will reverberate much like the Paypal announcement did in my opinion.

Submitted October 31, 2020 at 02:02AM

Vitalik changes his tune on Tezos

https://ift.tt/2HS0Lem

Submitted October 30, 2020 at 10:08PM

Flash 5600 XT For More Hashrate!

https://ift.tt/2HFdilB

Submitted October 31, 2020 at 02:30AM

Justin Sun and his team copied another project and renamed it Justlink.

https://ift.tt/3kJfnv0

Submitted October 30, 2020 at 09:20PM

Release announce. EmiSwap AMM Exchange to Perfect The DeFi Market: Improved Uniswap v2 + Mooniswap.

https://ift.tt/3jGQyhX

Submitted October 30, 2020 at 07:30PM

Using Tezos, the Swiss city of Wetzikon distributes 10 CHF to 25,000 inhabitants to be used in local economy.

https://ift.tt/2TJZb0p

Submitted October 30, 2020 at 10:09PM

Just made my first PayPal crypto purchase. 1000x easier than any other crypto purchase I’ve made and with zero fees. This feels like a huge positive step forward for adoption!

https://ift.tt/3mFH2h1

Submitted October 30, 2020 at 09:59PM

VectraCoin - Scam?

Hey, how is everyone doing?I've recently been seeing comments in the comment section of Crypto YouTubers telling people to invest in VectraCoin.VectraCoin seems to have launched its website:https://ift.tt/2TzFR6e, go to their About section:https://vectracoin.io/aboutYou'll see 3 "team members" listed. I've done a Google Reverse Image Search on Marshall Ross, Andrey Kuznetsov and Olivia Lewis and here's what I found:https://imgur.com/Ab2PNf2https://imgur.com/JiwJ1bJhttps://imgur.com/XsnPEEpBe careful I guess.

Submitted October 30, 2020 at 08:10PM

From Voting To Social Media: What Does The Future Hold For Digital Identity On The Blockchain

https://ift.tt/31TE7sW

Submitted October 30, 2020 at 07:56PM

How Overprinting of Fiat Could Trigger Viral Adoption of Bitcoin

https://ift.tt/3mOeZft

Submitted October 30, 2020 at 05:55PM

Ledger realistic phishing e-mail

I received a phishing e-mail that looks very realistic.The from address is noreply@ledger.com-client.emailHere's the e-mail :Dear client, We regret to inform you that Ledger has experienced a security breach affecting approximately 86,000 of our customers and that the wallet associated with your e-mail address (xxxxxxxx@xxxx.xx) is within those affected by the breach. Namely, on Thursday, October 29th 2020, our forensics team has found several of the Ledger Live administrative servers to be infected with malware. At this moment, it's technically impossible to conclusively assess the severity and the scope of the data breach. Due to these circumstances, we must assume that your cryptocurrency assets are at risk of being stolen. If you're receiving this e-mail, it's because you've been affected by the breach. In order to protect your assets, please download the latest version of Ledger Live and follow the instructions to set up a new PIN for your wallet. Sincerly, Ledger The thing that look very realistic is that when you click on the link in the e-mail, it appears that you are redirected to ledger.com which is not the case.Here's how it looks like in my address bar:https://ift.tt/2TEu9XO you can notice a small dot and if you copy it somewhere else such as regex101.com it looks it that :https://preview.redd.it/vtku7c06m7w51.png?width=284&format=png&auto=webp&s=d9021f57360a24e8cf0210d8340317fd35e6660bPLEASE be very careful. If you need to download the latest version of Ledger, NEVER DO IT by clicking on a link from any e-mail.Always type 'ledger.com' in your browser yourself or search it on Google.

Submitted October 30, 2020 at 05:37PM

MoAfrika - Africa’s Biggest Online Tour Operator now Accepts Bitcoin

https://ift.tt/2G9SFwS

Submitted October 30, 2020 at 04:22PM

So I spent £100 on bitcoin but only received £94 when the fee clearly states £2.00, how does this work?? I’m confused and blockchain doesn’t shed any light on this at all.

https://ift.tt/3kKKkPw

Submitted October 30, 2020 at 04:11PM

A 3D crypto transaction visualizer with VR and multiplayer support built with Unreal Engine

Been working lately on building something unique, that I don't think has been done before. It's an open free to play world, created from scratch inside UE4, and has a live cryptocurrency connection via a custom plugin.Live transactionsYou can view real-time network activity as light orbs and use transactions of your own to interact with the environment.All info at https://ift.tt/34GOyBT a little feature trailer: https://youtu.be/6jxkx0eVlXkScenery

Submitted October 30, 2020 at 03:59PM

Mongolia’s largest bank to offer crypto-related services

https://ift.tt/37UcVOs

Submitted October 30, 2020 at 09:03AM

Iran Becomes First Country To Use Bitcoin As a Medium of Exchange

https://ift.tt/37U0Skw

Submitted October 30, 2020 at 06:00AM

Daily Discussion - October 30, 2020 (GMT+0)

Pink sus

https://ift.tt/37Up6e7

Submitted October 30, 2020 at 03:41AM

Leaked ‘Tai Chi’ Document Reveals Binance’s Elaborate Scheme To Evade Bitcoin Regulators

https://ift.tt/37UcqEm

Submitted October 30, 2020 at 12:50AM

Just looking out for you !

https://ift.tt/3e5T4x4

Submitted October 29, 2020 at 11:27PM

Daily reminder you can support Belarusians repressed by the dictator with Bitcoin and Ethereum

https://ift.tt/3kGSEQ2

Submitted October 29, 2020 at 09:49PM

China sentences $1 billion dollar ponzi scheme owners of WoToken to prison

https://ift.tt/3oLEPCD

Submitted October 29, 2020 at 11:03PM

Statistics behind the Karma Distribution Round 6: 4418 People recieved less Karma together as the 2 highest ranked Persons - more Information inside!

https://ift.tt/31UOyfN

Submitted October 29, 2020 at 08:55PM

Gold hits one-year low in BTC value

https://ift.tt/3mwmffE

Submitted October 29, 2020 at 08:52PM

Short of hard cash, Iran's cabinet has reportedly amended legislation to allow legally mined cryptocurrency to be used to fund imports.

https://ift.tt/37Z0C3o

Submitted October 29, 2020 at 09:13PM

little bit of a perspective

https://ift.tt/37RtRW4

Submitted October 29, 2020 at 05:29PM

Pink sus

https://ift.tt/35O9R3M

Submitted October 29, 2020 at 07:26PM

Binance Might Delist Many Low-Volume Coins Soon, CZ Hints

https://ift.tt/3e54nWl

Submitted October 29, 2020 at 06:24PM

WARNING: Ledger Phishing scam is now sending out SMS to target customers. Dont fall for it.

Ledger scammers are sending phishing SMSes to users that claims the Ledger devices have a vulnerability and redirect them to a fake websites like "Ledger (dot) Media" or "Ledger (dot) Report" that asks you to install a different firmware into your device, to steals the funds. This is a phishing attack. Once you end up on the fake ledger website, it asks you to install a fake version of Ledger Live app and asks you to enter your seed.Do not install any new firmware other than from the official Ledger Live app. Do not click on any links asking you to install firmwares or download Ledger live from unofficial sources.Example of Phishing SMS:Fake Ledger SMSIt seems the hackers have obtained customers emails and mobile numbers from the Ledger data breach, and are using that list to target customers with these fake messages. Using information obtained from the data breach at Ledger, the scammers are sending out targeted messages that include your real name, and your phone number as well. The message asks you to update the firmware with a malicious version.There is also another phishing scam that asks users to install a fake ledger Live version that asks for user's seeds on the fake website itself, and this also steals all your funds. As always, never enter your seed anywhere except on the Ledger device.Edit: Updated modus operandi. The fake ledger website asks you to install a different version of Ledger Live that asks for your seed phrase. Once you enter the seed phrase, your funds can be swept by the hacker. Never enter the seed phrase on any computer or non-ledger device.Edit: Link to Ledger's communication about Data Breach. This is where the scammers are getting your Personal Information including name, phone number & Email Address: https://ift.tt/30W0nkB

Submitted October 29, 2020 at 01:54PM

Cryptocurrencies have the potential to disrupt traditional finance, by allowing people to retain full control over their assets at all times, without relying on centralized intermediaries like banks and governments.

https://ift.tt/31PVQlg

Submitted October 29, 2020 at 03:09PM

The transitioning period into Full scale adoption of Cryptocurrency.

https://ift.tt/31UhJj9

Submitted October 29, 2020 at 12:39PM

Storing My Money as Bitcoin

I bought most of my bitcoin around the 6k mark in 2018. Since then, when I get a paycheck, I convert everything I don't need for living expenses into bitcoin. Every single fraction of a coin I've bought is now worth at least 20% above where I bought it (last purchase 1st of this month). And since I don't cash out unless I need it (I recently had to put a new transmission in the truck), even on the 3k I cashed out I'm up. Unless bitcoin drops significantly below 6k for a while, I really don't see a downside here. I'll have everything in for the next big bull run. The finite supply will ensure that'll come in time with increased institutional adoption and the overall tend towards digital currencies.After writing this I'm not 100% sure where I'm going with it but what I'm saying is storing your excess reserves in crypto anytime over the last almost 3 years would have you up a great deal. Certainly with profit taking. I really think crypto is a good overall savings options for many.I don't make a huge amount so we're not talking a lot of money here but it's been good for me even with the coinbase fees which are ridiculous. I could live for half a year with what has been gained.

Submitted October 29, 2020 at 05:52AM

On this day 3 years ago...

https://ift.tt/34CXYi0

Submitted October 29, 2020 at 10:02AM

Coinbase never fails to disappoint us

https://ift.tt/3oyXyB3

Submitted October 29, 2020 at 03:52AM

Is No one getting skeptical now that major banks and media outlets are promoting btc?

I’m not sure what to make of it. I’m sure most people on this sub will immediately want to go to the narrative that they just know they’re late to the party and are now trying to hop on, but I can’t shake the feeling there’s more to the story.When I see JP Morgan claiming massive upside to bitcoin, after shutting on it for years, it makes me concerned. They have a remarkable history of telling the public one thing, and then screwing them the next day. Could they be getting ready for a rug pull of some sort?If there were a a massive crash with fleeing to bitcoin, could outrageous fees for first time users like boomers trying to save their retirements turn people off of bitcoin? Could WEF and ECBs major focus on “green” digital tech be a signal that bitcoin isn’t the solution they want moving foward?I’m not sure how this all plays out, and at the end of the day the network is there and there’s nothing anyone can do about it, but I do find it strange how some of the most untrustworthy people are now promoting bitcoin. I also have concerns about how the network would respond if millions of people were trying to flee to safety, leaving a sour taste in people’s mouths when the user experience is significantly more expensive and slower than even traditional banking.Thoughts?

Submitted October 29, 2020 at 04:05AM

Daily Discussion - October 29, 2020 (GMT+0)

MOON proposal - cut post karma weight in half

This proposal would cut post karma weight in half, or double comment karma (same effect). The purpose of this would be to encourage more thorough discussion as well as acknowledge the difference in relative effort/karma between posts and comments.This has been submitted twice before however it did not reach the required amount of moon to pass despite receiving overwhelming support in favor:12View Poll

Submitted October 29, 2020 at 04:36AM

Moons Memberships on iOS! + We’re hiring! + New Moons Distribution (Round 6 Proposal)

UPDATES:iOS users can now get Special Memberships with their moons! Please make sure to update to the latest version (2020.40.1) and then tap here to learn more.We’re also thrilled to announce that we are looking for senior backend engineers to join the Reddit team that is building Community Points. If you want to work on one of the most exciting projects in blockchain, apply here.--Moons are r/CryptoCurrency's version of Community Points. Community Points are a way for users to be rewarded for their contributions to the subreddit, and they can be used on premium features in the community.Moons are distributed every 4 weeks based on contributions people make to r/CryptoCurrency. For every distribution, Reddit publishes karma data as a default measure of contribution. The community can review the data and optionally propose an alternative distribution, if they wish.This distribution is based on karma earned from 2020-09-30 to 2020-10-27. Here is the data.To propose an alternative distribution:You can create a CSV with alternative contribution scores or propose changes to the algorithm used to calculate them from karma (as long as the changes can be implemented easily).The amount of Moons distributed to a user will be proportional to their contribution score. Contribution scores cannot be negative.Make a poll to have the community vote on your proposal. Include an accurate description of the changes you are proposing.If the poll meets quorum (20% of Moons need to vote in it) and passes (according to the weighted results), it becomes the official contribution measurement (unless there is evidence of abuse in the vote, such as bribery). Algorithm changes will carry forward to future distributions.In case of multiple polls passing, the one with the most Moons cast in favor will be the official one.If no alternative passes, the data provided here will become official.The contribution scores for this round will be finalized on 2020-11-04. Any poll proposing an alternative needs to be completed by then.After the scores are finalized, Reddit will sign the data and publish the final, official data. After that, people will be able to claim their Moons through the Vault in the Reddit mobile app.

Submitted October 29, 2020 at 04:23AM

Honey HNY down 45% today. Lol.. looks like the insiders dumped on all the noobs here

https://ift.tt/3kDCUgR

Submitted October 29, 2020 at 01:01AM

Why isn't Estonia discussed more in this space? Estonia has been utilizing blockchain technology for voting and other state services since 2012.

https://ift.tt/2H7t200

Submitted October 29, 2020 at 02:17AM

Starting a small Crypto Investment- Looking for advice

I recently started a new Job and have been organizaing my finances.I've found I can max out my 401k and get my basic insurance options and still have a small amount of money leftover- I don't buy into FSA's or HSA's or those types of anciallary products because I rarely have a use for those funds, and would rather save the money myself, so I'm looking at investing between $50-$100 bi-weekly among a couple different crypto-currencies to see where that gets me.I've looked into quite a few trading platforms. I started with Coinbase- but didn't quite understand the full process so I dropped $10 in fee's because I bought different types of cryptos (I see the work around to avoid some of those fee's now, but realistially I don't wanna pay $2 every other week in fees just to invest $50 or so when there might be cheaper options)My main question is- What would be some of the best platforms for getting started with this?Some Feature's that would be cool to see, but tbh I'm not even sure they all exist:A way to Auto-Withdrawal $X every 2 weeks from my bank account (I've found Crypto.com isn't compatible with my bank, It won't Accept their routing number)A way to track the week->week, month->month, and day one-> current difference in what I've invested and the current value ( although nice, this is not at all a requirment, I will be tracking this all myself regardless)Obviously there will be fee's, but I would prefer a small percentage fee, rather than a flat fee/transaction, as that doesn't make much sense when doing small $50-$100 transactionsAlso, from my understanding- you can always transfer crypto from one portfolio to another, so ideally i would like to transfer the money i had in CoinBase to whatever system I move to with minimal feesThank you so much for any input, advice, and/or reccomendations you may have.Edit: I also don't know much about management fees in the cryptocurrency- so If I am missing something about Coinbase (ex- maybe it has 0 management fees, which is why the inital fees are so high, but other crypto managers do have a fee, that is somethin I wouldnt be surprised that I overlooked)

Submitted October 29, 2020 at 02:31AM

Coinbase to Launch Crypto Debit Card in US for Retail Spending

https://ift.tt/2HL2135

Submitted October 29, 2020 at 12:23AM

Every Time 😡

https://ift.tt/37NoqHs

Submitted October 29, 2020 at 12:07AM

Coinbase Card launches in the US

https://ift.tt/3oIgY6P

Submitted October 28, 2020 at 11:03PM

Some of the tools I use to trade crypto

https://ift.tt/2TzGTip

Submitted October 28, 2020 at 11:12PM

MicroStrategy CEO claims to personally hold $235 million worth of bitcoin, apart from Microstrategy's holdings

https://ift.tt/31PGInM

Submitted October 28, 2020 at 08:20PM

Right every wrong!

Hello fellow kids.Yesterday I was reading my country’s most popular newspaper and was greeted with the headline “Hacker demands cryptocurrency!!”. Naturally my interest was grabbed and I went on reading the article that stated “The hacker demands the private and untraceable cryptocurrency Bitcoin”, which is obviously wrong since Bitcoin is a public ledger and every single transaction is recorded and saved for eternity. Mildly annoyed I emailed the author of the article and explained that Bitcoin is in fact not very private, and certainly not untraceable. After a few back and forth with relevant facts the newspaper issued a correction saying Bitcoin is indeed not very private and is traceable.This is what we, the cryptocurrency community, must do every time we see people outside the community reference crypto the wrong way. I urge you all to take a few moments out of your very busy life following shitcoins to correct newspapers and other publications when they simply misinform the public.The result of their misinformation leads to the public associating cryptocurrency with crime, and this must change.Please, pretty please, do this. It does not take long, and we all do benefit from it.

Submitted October 28, 2020 at 09:42PM

Where to start learning about Crypto?

Hey everyone,My interest in Crypto has always been there - but the complexity of it all has somewhat been the factor in never putting in the time to learn about the world of Crypto.. But after seeing my friends interest in Crypto starting to peak, I think it's finally time for me to start learning about it all.I'm not looking for some 'get rich QUICK!' tutorial or anything like that. It's more of a curiosity about it all really.

Submitted October 28, 2020 at 06:22PM

IOTA joins Japanese gov’t on blockchain-based maintenance project

https://ift.tt/2HEBnZB

Submitted October 28, 2020 at 05:48PM

Exactly 3 years ago we were blessed with the legendary BitConnect ceremony

https://m.youtube.com/watch?v=xK3yuxrmCac

Submitted October 28, 2020 at 02:13PM

Remember THIS during the upcoming bull run

I hope this doesn't get lost in the middle of all the meme posts and excitement, but here's a slightly more serious post. Food for thought:Be as greedy as possible.Remember that this is the most important investment of your lifetime. (it doesn't feel like it because JPowell has been pumping stockmarkets and rampantly printing money to stave off a deflationary spiral). Are you okay with sitting on the sidelines when your stock investments and 401ks lose value in comparison to the hyperinflation occurring in all the real price of necessities? Are you okay with owning only 0.1 btc at a million dollars when you could have bought 1 whole coin for $14k? Even if you think so, know that people vastly overestimate the ability of the government to control and issue money competently. No matter what you do, make sure you own enough crypto to where there will still be food on the table if your government keeps debasing its money. If you want to take a real leap of faith, look at the bubble the stock market is in, the amount of money printed globally without regard for consequence, and realize that there is no future where crypto doesnt gain widespread adoption, then go all-in.The next 14 months, you must stare at charts 24/7You will not have time to get out there and enjoy life. I'm not a hypocrite because I know in 2017 XRP and XLM both pulled massive rises in btc in short periods of time before retracing and then mooning again, allowing for opportunites of 1000x gains if the timing was right. The price of alts will always swing up or down so you must constantly watch charts especially btc and eth pairs to maximize your profits. Trading properly can change your life forever in an even shorter period of time. I bet most of you aren't actually trading - but you're glued to the charts due to all the excitement from BTC taking off--but hey, you and I both knew it would take off. You MUST trade. Do not let an altcoin go to ATH in sats without selling. Alts ALWAYS retrace. And remember, if you fall asleep for too long you could miss a 20% pump that you could follow with trailing stop losses. Stimulants and alarm clocks will be your friend. You can sleep in 2022.LASTLY, and by far the most important...Family, friends, loved ones should be put on the backburner this year. Theyve listened to you talk about crypto for years now yet wouldnt even invest $20 a week like you begged them to. Fuck em. They will get left in the dust. If your opinion was worth a shit to them, theyd be by your side right now. They arent, so fuck em. The next year will literally define how the rest of your life plays out. You must not squander a single moment.If you're neglecting them and prioritizing staring at the price of your Crypto coins, your priorities should be recalibrated. ANY time focused on family is too much. Nothing matters more than the opportunity to escape a life of wage slavery and Aunt Karen complaining to you about how the neighbor is breaking their HOA will do nothing but cause you stress and bring you down. In fact, if you are married or have a girlfriend it might be better to end the relationship now or "take a break" so you can focus for one year on never having to work again.Remember, true wealth is the freedom to choose what you do with your time. This crypto bull run, properly timed trades can put you in a position in which you will never have to work for someone else again. Realize that the rest of your life is worth more than your family, friends, mental health, and sanity for one single year. You can do this, I know I will.Thanks for reading and here's to hoping better 2021 than this shit of a bear market!

Submitted October 28, 2020 at 11:37AM

Coinbase Goes Down as Bitcoin Approaches 2019 Highs

https://ift.tt/3e0VtJa

Submitted October 28, 2020 at 07:05AM

President Trump’s campaign website hacked. Monero demanded as payment for the release of secret documents.

https://ift.tt/34zrtkM

Submitted October 28, 2020 at 09:31AM

Bitcoin Stays Above $10k For the Longest Period in History

https://ift.tt/31IWUHm

Submitted October 28, 2020 at 01:50AM

How a Decentralized Internet Can Power Latin America

https://ift.tt/3kAqbvc

Submitted October 28, 2020 at 07:04AM

Daily Discussion - October 28, 2020 (GMT+0)

Remember this during the upcoming bull run

I hope this doesn't get lost in the middle of all the meme posts and excitement, but here's a slightly more serious post. Food for thought:Stop being so greedy.Remember that this is a fairly risky investment (it doesn't feel like it because we are in a super bull market). Are you okay with losing 60% of your investment? Are you okay with losing 90% of it? Even if you think so, know that people vastly overestimate their ability to handle downturns.No matter what you do, make sure that there will still be food on the table if your Crypto investment goes to 0.Stop watching the damn charts and holdGet out there and enjoy life. I'm a hypocrite because I spent more time on this sub than I've spent at work today, but the price will swing up or down whether you watch the charts or not. I bet most of you aren't actually trading - but you're glued to the charts due to all the excitement from BTC taking off--but hey, you and I both knew it would take off.LASTLY, and by far the most important...Family, friends, loved ones should be the top priority in your life.If you're neglecting them and prioritizing staring at the price of your Crypto coins, your priorities should be recalibrated. Nothing matters more than those who give meaning to your life.Thanks for reading and here's to hoping better 2021 than this shit of an year!

Submitted October 28, 2020 at 02:05AM

If you're young and starting to invest in crypto, please take a minute to read this

I'm sure this will sound pedantic but with all the excitement lately, I'm seeing a lot of post from people in their 20's and even teens talking about investing large sums in crypto. Please keep in mind that this is high risk.Always remember that crypto is still very early and you don't have to FOMO it all right now.That's not to say you shouldn't take some of your hard earned money, do your research and get involved. This community is amazing, dynamic and there's a ton of potential to make great returns. However, high risk investment should never be your whole portfolio. It should be the smallest part.Make sure that you're setting aside money in a Roth IRA, contributing to your 401k, Vanguard funds, etc. The boring stuff. The stuff that grows slowly over a lifetime. Don't just diversify your coins, diversify your whole portfolio. It's something I certainly wish I'd tackled at a much younger age. Believe me, you'll thank me later.

Submitted October 28, 2020 at 12:00AM

In its 10-year history, this is the longest time Bitcoin has spent above the coveted $10,000 mark.

https://ift.tt/3jBawdT

Submitted October 28, 2020 at 12:58AM

1000 Days high - BTC breaks 13.6k usd

BTC is gaining alot of traction today.With everything going on today, Hashrate going down, JP Morgan talk about bitcoin, and just overall appreciation for crypto at the moment, gave BTC a big boost on the trading platforms.

Submitted October 27, 2020 at 11:01PM

Overview of DAI, truly decentralized stable-coin

https://ift.tt/3jyJ943

Submitted October 27, 2020 at 08:29PM

dApps vs. hApps | Comparing Decentralized Apps and Hybrid Apps

https://ift.tt/3e1LROp

Submitted October 27, 2020 at 07:27PM

Bitcoin hashrate has dropped by ~45% over past 3 days

https://twitter.com/lopp/status/1321061894111875074

Submitted October 27, 2020 at 07:19PM

IOTA Joins Project Funded by Japanese National R&D agency NEDO to Build AI and DLT-based Predictive Maintenance System

https://ift.tt/34yXSYB

Submitted October 27, 2020 at 09:09PM

More Than Half of US Investors Interested in Bitcoin, Grayscale Survey Finds

https://ift.tt/3oA2YvQ

Submitted October 27, 2020 at 08:25PM

Surprise: DOJ Is Not a Big Fan of Privacy-Preserving Cryptocurrencies

https://ift.tt/3mo9K5R

Submitted October 27, 2020 at 07:40PM

What If One Multifunctional Blockchain Could Do It All?

https://ift.tt/3mozmzk

Submitted October 27, 2020 at 12:54PM

This is Why PayPal Won't Let It's 346 Million Users Send and Receive Bitcoin

Many of us rejoiced at the news that PayPal will soon let its 346 million users buy and sell Bitcoin.But the joy was short-lived after it became apparent they were not going to let people withdraw and send Bitcoins purchased on PayPal to other people.I mean, what the heck is that?https://i.redd.it/kncmj0q5cmv51.gifBut think again?What would happen to the Bitcoin network if PayPal suddenly exposed millions of users all at the same nice.Your guess is as good as mine, Bitcoin transactions would probably take days to settle and that isn't good for all of us.If you're tried transacting with Bitcoin in the past few days, you'll understand its already taking long for transactions to settle. And mind you, we're still at $13k price. What will happen when we see $20k, $50k or $100k?The Point?Bitcoin isn't ready for the PayPal effect and PayPal knows this. In fact, they're being friends of Bitcoin by not enabling send and receive at this point.Therefore, instead of whining about PayPal, we should be happy about the good PR their adoption gave to Bitcoin and the millions that will probably be buying Bitcoin for the first time via their platform.Do not let perfect not be an enemy of goodThe focus should now be on getting bitcoin ready for mass adoption

Submitted October 27, 2020 at 05:58PM

Bitcoin Expected To Rocket Higher As “Strong Close” Takes Place Above $13K

https://ift.tt/3kwOFp7

Submitted October 27, 2020 at 10:14AM

PwC Report: Blockchain technologies could boost the global economy USD 1.76 trillion by 2030

https://ift.tt/3dXkANa

Submitted October 27, 2020 at 03:02PM

PayPal in Talks to Buy Crypto Firms Including BitGo

https://ift.tt/3mors9i

Submitted October 27, 2020 at 02:07PM

Was it wort it ?

https://ift.tt/2TrFZ7H

Submitted October 27, 2020 at 05:44AM

A Detailed Summary of Every Single Reason Why I am Bullish on Ethereum

The following will be a list of the many reasons why I hold and am extremely bullish on ETH.This is an extremely long post. If you just want the hopium without the detail, read the TL;DR at the bottom.ETH 2.0As we all know, ETH 2.0 phase 0 is right around the corner. This will lock up ETH and stakers will earn interest on their ETH in return for securing the network. Next comes phase 1 where the ETH 2 shards are introduced, shards are essentially parallel blockchains which are each responsible for a different part of Ethereum’s workload, think of it like a multi-core processor vs a single core processor. During phase 1, these shards will only act as data availability layers and won’t actually process transactions yet. However, their data can be utilised by the L2 scaling solution, rollups, increasing Ethereum’s throughput in transactions per second up to 100,000 TPS.After phase 1 comes phase 1.5 which will move the ETH 1.0 chain into an ETH 2 shard and Ethereum will be fully secured by proof of stake. This means that ETH issuance will drop from around 5% per year to less than 1% and with EIP-1559, ETH might become a deflationary asset, but more on that later.Finally, with ETH 2.0 phase two, each shard will be fully functional chains. With 64 of them, we can expect the base layer of Ethereum to scale around 64x, not including the massive scaling which comes from layer 2 scaling solutions like rollups as previously mentioned.While the scaling benefits and ETH issuance reduction which comes with ETH 2.0 will be massive, they aren’t the only benefits. We also get benefits such as increased security from PoS compared to PoW, a huge energy efficiency improvement due to the removal of PoW and also the addition of eWASM which will allow contracts to be programmed in a wide range of programming languages, opening the floodgates for millions of web devs who want to be involved in Ethereum but don’t know Ethereum’s programming language, Solidity.EIP-1559 and ETH scarcityAs I covered in a previous post of mine, ETH doesn’t have a supply cap like Bitcoin. Instead, it has a monetary policy of “minimum viable issuance”, not only is this is a good thing for network security, but with the addition of EIP-1559, it leaves the door open to the possibility of ETH issuance going negative. In short, EIP-1559 changes the fee market to make transaction prices more efficient (helping to alleviate high gas fees!) by burning a variable base fee which changes based on network usage demand rather than using a highest bidder market where miners simply include who pays them the most. This will result in most of the ETH being paid in transaction fees being burned. As of late, the amount which would be burned if EIP-1559 was in Ethereum right now would make ETH a deflationary asset!Layer 2 ScalingIn the mean time while we are waiting for ETH 2.0, layer 2 scaling is here. Right now, projects such as Deversifi or Loopring utilise rollups to scale to thousands of tx/s on their decentralised exchange platforms or HoneySwap which uses xDai to offer a more scalable alternative to UniSwap. Speaking of which, big DeFi players like UniSwap and Synthetix are actively looking into using optimistic rollups to scale while maintaining composability between DeFi platforms. The most bullish thing about L2 scaling is all of the variety of options. Here’s a non exhaustive list of Ethereum L2 scaling solutions: - Aztec protocol (L2 scaling + privacy!) - ZKSync - Loopring - Raiden - Arbitrum Rollups - xDai - OMGNetwork - Matic - FuelLabs - Starkware - Optimism - Celer Network - + Many moreDeFi and ComposabilityIf you’re reading this, I am sure you are aware of the phenomena which is Decentralised Finance (DeFi or more accurately, open finance). Ethereum is the first platform to offer permissionless and immutable financial services which when interacting with each other, lead to unprecedented composability and innovation in financial applications. A whole new world of possibilities are opening up thanks to this composability as it allows anyone to take existing pieces of open source code from other DeFi projects, put them together like lego pieces (hence the term money legos) and create something the world has never seen before. None of this was possible before Ethereum because typically financial services are heavily regulated and FinTech is usually proprietary software, so you don’t have any open source lego bricks to build off and you have to build everything you need from scratch. That is if what you want to do is even legal for a centralised institution!Oh, and if you think that DeFi was just a fad and the bubble has popped, guess again! Total value locked in DeFi is currently at an all time high. Don’t believe me? Find out for yourself on the DeFi Pulse website.NFTs and tokeniationNFTs or “Non-Fungible Tokens” - despite the name which may confuse a layman - are a basic concept. They are unique tokens with their own unique attributes. This allows you to create digital art, human readable names for your ETH address (see ENS names and unstoppable domains), breedable virtual collectible creatures like crypto kitties, ownable in game assets like Gods Unchained cards or best of all in my opinion, tokenised ownership of real world assets which can even be split into pieces (this doesn’t necessarily require an NFT. Fungible tokens can be/are used for some of the following use cases). This could be tokenised ownership of real estate (see RealT), tokenised ownership of stocks, bonds and other financial assets (which by the way makes them tradable 24/7 and divisible unlike through the traditional system) or even tokenised ownership of the future income of a celebrity or athlete (see when NBA player Spencer Dinwiddie tokenized his own NBA contract.)Institutional AdoptionEthereum is by far the most widely adopted blockchain by enterprises. Ethereum’s Enterprise Ethereum Alliance (EEA) is the largest blockchain-enterprise partnership program and Ethereum is by far the most frequently leveraged blockchain for proof of concepts and innovation in the blockchain space by enterprises. Meanwhile, there are protocols like the Baseline protocol which is a shared framework which allows enterprises to use Ethereum as a common frame of reference and a base settlement layer without having to give up privacy when settling on the public Ethereum mainnet. This framework makes adopting Ethereum much easier for other enterprises.Institutional InvestmentOne of Bitcoin’s biggest things it has going for it right now is the growing institutional investment. In case you were wondering, Ethereum has this too! Grayscale offers investment in the cryptocurrency space for financial institutions and their Ethereum fund has already locked up more than 2% of the total supply of ETH. Not only this, but as businesses transact on Ethereum and better understand it, not only will they buy up ETH to pay for their transactions, but they will also realise that much like Bitcoin, Ethereum is a scarce asset. Better yet, a scarce asset which offers yield. As a result, I expect to see companies having ETH holdings become the norm just like how Bitcoin is becoming more widespread on companies’ balance sheets.The state of global marketsWith asset prices in almost every asset class at or near all-time highs and interest rates lower than ever and even negative in some cases, there really aren’t many good opportunities in the traditional financial system right now. Enter crypto - clearly the next evolution of financial services (as I explained in the section on DeFi earlier in this post), with scarce assets built in at the protocol layer, buying BTC or ETH is a lot like buying shares in TCP/IP in 1990 (that is if the underlying protocols of the internet could be invested in which they couldn’t). Best of all, major cryptos are down from their all-time highs anywhere between 35% for BTC or 70% for ETH and much more for many altcoins. This means that they can significantly appreciate in value before entering uncharted, speculative bubble territory.While of course we could fall dramatically at any moment in the current macro financial conditions, as a longer term play, crypto is very alluring. The existing financial system has shown that it is in dire need of replacing and the potential replacement has started rearing its head in the form of crypto and DeFi.Improvements in user onboarding and abstracting away complexityEthereum has started making huge leaps forward in terms of usability for the end user. We now have ENS names and unstoppable domains which allow you to send ETH to yournamehere.ETH or TrickyTroll.crypto (I don’t actually have that domain, that’s just an example). No longer do you have to check every character of your ugly hexadecimal 0x43AB96D… ETH address to ensure you’re sending your ETH to the right person. We also have smart contract wallets like Argent wallet or the Gnosis safe. These allow for users to access their wallets and interact with DeFi self-custodially from an app on their phone without having to record a private key or recovery phrase. Instead, they offer social recovery and their UI is straight forward enough for anyone who uses a smart phone to understand. Finally, for the more experienced users, DApps like Uniswap have pretty, super easy to use graphical user interfaces and can be used by anyone who knows how to run and use a browser extension like Metamask.The lack of an obvious #1 ETH killerOne of Ethereum’s biggest threats is for it to be overthrown by a so-called “Ethereum killer” blockchain which claims to do everything Ethereum can do and sometimes more. While there are competitors which are each formidable to a certain extent such as Polkadot, Cardano and EOS, each have their own weaknesses. For example, Polkadot and Cardano are not fully operational yet and EOS is much more centralised than Ethereum. As a result, none of these competitors have any significant network effects just yet relative to the behemoth which is Ethereum. This doesn’t mean that these projects aren’t a threat. In fact, I am sure that projects like Polkadot (which is more focused on complimenting Ethereum than killing it) will take a slice out of Ethereum’s pie. However, I am still very confident that Ethereum will remain on top due to the lack of a clear number 2 smart contract platform. Since none of these ETH killers stands out as the second place smart contract platform, it makes it much harder for one project to create a network effect which even begins to threaten Ethereum’s dominance. This leads me onto my next reason - network effects.Network effectsThis is another topic which I made a previous post on. The network effect is why Bitcoin is still the number one cryptocurrency and by such a long way. Bitcoin is not the most technologically advanced cryptocurrency. However, it has the most widespread name recognition and the most adoption in most metrics (ETH beats in in some metrics these days). The network effect is also why most people use Zoom and Facebook messenger/WhatsApp despite the existence of free, private, end to end encrypted alternatives which have all the same features (Jitsi for the zoom alternative and Signal for the private messenger app. I highly recommend both. Let’s get their network effects going!). It is the same for Bitcoin. People don’t want to have to learn about or set up a wallet for alternative options. People like what is familiar and what other people use. Nobody wants to be “that guy” who makes you download yet another app and account you have to remember the password/private key for. In the same way, Enterprises don’t want to have to create a bridge between their existing systems and a dozen different blockchains. Developers don’t want to have to create DeFi money legos from scratch on a new chain if they can just plug in to existing services like Uniswap. Likewise, users don’t want to have to download another browser extension to use DApps on another chain if they already use Ethereum. I know personally I have refrained from investing in altcoins because I would have to install another app on my hardware wallet or remember another recovery phrase.Overthrowing Ethereum’s network effect is one hell of a big task these days. Time is running out for the ETH killers.Ethereum is the most decentralised and provably neutral smart contract platformEthereum is also arguably the most decentralised and provably neutral smart contract platform (except for maybe Ethereum Classic on the neutrality part). Unlike some smart contract platforms, you can’t round up everyone at the Ethereum Foundation or any select group of people and expect to be able to stop the network. Not only this, but the Ethereum foundation doesn’t have the ability to print more ETH or push through changes as they wish like some people would lead you on to believe. The community would reject detrimental EIPs and hard fork. Ever since the DAO hack, the Ethereum community has made it clear that it will not accept EIPs which attempt to roll back the chain even to recover hacked funds (see EIP-999).Even if governments around the world wanted to censor the Ethereum blockchain, under ETH 2.0’s proof of stake, it would be incredibly costly and would require a double digit percentage of the total ETH supply, much of which would be slashed (meaning they would lose it) as punishment for running dishonest validator nodes. This means that unlike with proof of work where a 51% attacker can keep attacking the network, under proof of stake, an attacker can only perform the attack a couple of times before they lose all of their ETH. This makes attacks much less financially viable than it is on proof of work chains. Network security is much more than what I laid out above and I am far from an expert but the improved resistance to 51% attacks which PoS provides is significant.Finally, with the US dollar looking like it will lose its reserve currency status and the existing wire transfer system being outdated, superpowers like China won’t want to use US systems and the US won’t want to use a Chinese system. Enter Ethereum, the provably neutral settlement layer where the USA and China don’t have to trust each other or each other’s banks because they can trust Ethereum. While it may sound like a long shot, it does make sense if Ethereum hits a multi-trillion dollar market cap that it is the most secure and neutral way to transfer value between these adversaries. Not to mention if much of the world’s commerce were to be settled in the same place - on Ethereum - then it would make sense for governments to settle on the same platform.ETH distribution is decentralisedThanks to over 5 years of proof of work - a system where miners have to sell newly minted ETH to pay for electricity costs - newly mined ETH has found its way into the hands of everyday people who buy ETH off miners selling on exchnages. As pointed out by u/AdamSC1 in his analysis of the top 10K ETH addresses (I highly recommend reading this if you haven’t already), the distribution of ETH is actually slightly more decentralised than Bitcoin with the top 10,000 ETH wallets holding 56.70% of ETH supply compared to the top 10,000 Bitcoin wallets which hold 57.44% of the Bitcoin supply. This decentralised distribution means that the introduction of staking won’t centralise ETH in the hands of a few wallets who could then control the network. This is an advantage for ETH which many proof of stake ETH killers will never have as they never used PoW to distribute funds widely throughout the community and these ETH killers often did funding rounds giving large numbers of tokens to VC investors.The communityFinally, while I may be biased, I think that Ethereum has the friendliest community. Anecdotally, I find that the Ethereum developer community is full of forward thinking people who want to make the world a better place and build a better future, many of whom are altruistic and don’t always act in their best interests. Compare this to the much more conservative, “at least we’re safe while the world burns” attitude which many Bitcoiners have. I don’t want to generalise too much here as the Bitcoin community is great too and there are some wonderful people there. But the difference is clear if you compare the daily discussion of r/Bitcoin to the incredibly helpful and welcoming daily discussion of r/EthFinance who will happily answer your noob questions without calling you an idiot and telling you to do you own research (there are plenty more examples in any of the daily threads). Or the very helpful folks over at r/EthStaker who will go out of their way to help you set up an ETH 2.0 staking node on the testnets (Shoutout to u/superphiz who does a lot of work over in that sub!). Don’t believe me? Head over to those subs and see for yourself.Please don’t hate on me if you disagree about which project has the best community, it is just my very biased personal opinion and I respect your opinion if you disagree! :)TL;DR:ETH 2.0 - Huge scaling and better tokenomics.EIP-1559 and ETH scarcity - ETH issuance will be super low and could go negative in the coming years.Layer 2 Scaling - Literally dozens of different solutions/projects. Many of which are live on mainnet now.DeFi and Composability - Money legos and open source code allowing for fast development and unprecedented innovation in the world of finance.NFTs and tokenisation - Tokenise everything. No, seriously.Institutional Adoption - Ethereum has the most enterprise partners (EEA) + the Baseline protocol is bullish AF.Institutional Investment - Grayscale investments now owns 2% of ETH supply and growing. With institutional adoption comes awareness of the benefits of being an ETH holder and staker. ETH will complement the growing trend of companies holding Bitcoin.The state of global markets - Crypto is just about the only asset class not at an ATH and the system Ethereum wants to replace is looking very broken.Improving UX and abstracting away complexity - Human readable addresses and smart contract wallets which even your mother could use.The lack of an obvious #1 ETH killer - No ETH killer clearly sticks out from the rest. This makes it hard for one of them to create a big network effect.Network effects - Ethereum has by far the largest network effect and as Bitcoin has shown us, the network effect is extremely important.Ethereum is the most decentralised and provably neutral smart contract platform - Super secure under ETH 2.0, no more tolerance of DAO like forks and a neutral platform for adversaries like the US and China to transact on so that they don’t have to trust each other’s banks.ETH distribution is decentralised - Years of proof of work have put ETH in the hands of many. ETH supply is more decentralised than Bitcoin.The community - Super duper mega friendly. Shoutout to the kind folks the r/EthFinance daily!

Submitted October 27, 2020 at 05:53AM

Someone Just Sent $1 Billion in Bitcoin, Paid Only $3 in Fees

https://ift.tt/2ToM0Sy

Submitted October 27, 2020 at 04:21AM

With Kraken becoming the first newly chartered bank in Wyoming since 2006, the state wants to lead the U.S. on a standard for handling digital assets - Wyoming Governor

https://ift.tt/35yLhnD

Submitted October 27, 2020 at 04:10AM

3rd Largest Bitcoin Address Emptied in Massive $1,200,000,000 BTC Whale Transfer

https://ift.tt/34tfGo0

Submitted October 27, 2020 at 04:26AM

Daily Discussion - October 27, 2020 (GMT+0)

Lol

https://ift.tt/2HAwiB9

Submitted October 27, 2020 at 06:00AM

1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa

This glorious alpha numeric is the genesis address for bitcoin.It was here that the first 50 bitcoins ever issued were sent on 3rd January 2009 by the savior, creator, lord and master Satoshi Nakamoto. If you're reading this SN, bang up job mate, top notch.These 50 bitcoins can never be spent. Or any btc sent to this address can never be spent.So you get to thinking, WTF are people doing sending to this address? 2616 transactions to date.

Submitted October 27, 2020 at 05:03AM

"What a Horrible Mining Pool!" Coinfly telling the stories of relations with its customers.

https://ift.tt/2HFp7In

Submitted October 27, 2020 at 04:26AM

PayPal's Crypto Isn't Crypto

https://ift.tt/31Ki8ou

Submitted October 27, 2020 at 02:56AM

Bitcoin Will 10X Compared to Gold, Says JP Morgan

https://ift.tt/34vQsWc

Submitted October 27, 2020 at 01:36AM

This has been reposted 10 times in 3 days, stop this moon pharming bullshit.

https://ift.tt/31JIIOm

Submitted October 27, 2020 at 12:53AM

Veterans

https://ift.tt/2TEeKah

Submitted October 26, 2020 at 09:26PM

Community Governance Poll - Only allow media posts on the weekends

As many of you know the rules around posting media (including memes) were recently changed.The old rule allowed for two COMEDY flaired posts during the week and five COMEDY flaired posts on the weekends. The issue with this is that people started realizing that if they just flaired their post anything except COMEDY they could bypass the bot, and it started to create a lot of work for mods to go reflair many posts per day. Not only did it create extra work, it started to introduce a lot of judgment calls the mods had to make in determining exactly what was COMEDY for image macro posts.The current rule allows only four media posts (imgur, redd.it, gyfcat, etc.) to be in the top 25 posts at all times. This eliminates the issue of people misflairing their posts and also eliminates mod judgment calls, however, it has resulted in people trying to game this new system by just spamming images until they get one to stick.This proposal would eliminate the current rule and just allow for free for all meme/image/gif posting on the weekends, and zero media posts during the week.If this proposal fails, we will likely start to enforce the one post per domain per 24 hour rule on redd.it and other media outlets, which is currently really only enforced on news domains. This would mean that even if the cryptomods bot removes your image post, you can't post from same domain for 24 h or you will get at least a 7 day ban.View Poll

Submitted October 26, 2020 at 10:00PM

Asset manager: MicroStrategy’s $425m Bitcoin bet may become $10b in a decade

https://ift.tt/31IDOBe

Submitted October 26, 2020 at 06:35PM

Monero being delisted - future of privacy coins

Tl;dr - Bitvavo, Europe's best exchange (in my opinion) removed Monero due to AML5 regulations. I'm afraid more will follow suit. How do you feel about privacy coins' future?I've recently been looking into regulatory developments around cryptocurrencies. Europe's latest development in this regard is AML5 - the 5th Anti Money Laundering directive. I'd recommend Googling what it's about to get more context, but what the AML5 directive means in short is:The law requires all customers to be registered and non-verified transactions using cryptocurrency will have to stay under the value of €150.Non-verified online payments can be made up to an amont of €50 and the use of anonymous prepaid-cards is harshly restrictedTrading platforms can no longer allow anonymous transactions, as this is not compliant with AML5. They have to register every user and keep track of suspicious activities.For users from "high-risk"countries elaborate background checks may be needed to find out their financial intentions.What does this mean for a payment crypto whose unique selling point is its complete privacy? Well, when I asked Bitvavo about it they answered me that they've removed Monero from their product listing as, due to the new AML5 regulations coming into force, they can no longer comply with these regulations and allow trading in/depositing/withdrawing Monero.Bitvavo is a crypto exchange that is recommend often as being a good European exchange to trade on, and I can personally attest to the fact that it's pretty great. Them delisting Monero could be seen as a knock to their reputation, but it also calls into question to what extent other European exchanges can keep offering Monero.This makes me wonder: how do Monero holders, and (privacy) payment currency enthusiasts in general, feel about this? Do you expect Monero (or other privacy crypto) to become more broadly delisted? If so, do you think this will affect the price negatively (because there's far less liquidity) or positively because it strenghtens the story of how Monero allows you to escape laws and regulations?Would love to hear opinions.

Submitted October 26, 2020 at 08:43PM

Tax implications of liquidity pool tokens

So, I just reviewed koinly reports, and I came to an interesting realization in terms of tax law.So, when you deposit to a liquidity pool, you are given a TOKEN. now, that TOKEN is redeemable for the underlying assets. However, that token has no market value. The redeemed underlying assets do have market value, but the token itself is not traded anywhere. For all purposes, its worthless.Now, why is this important? Well, the IRS likes to use legal fictions like "if you trade btc to wbtc, you are incurring a taxable transaction because its from one token to another" This is their rules.So, it can also be argued that if you deposit tokens to a uniswap smart contract, you are changing your risk profile. For example, what if uniswap had a smart contract bug discovered? The actual risk profile here is changed entirely.If the IRS wants to classify our tokens as property, and force us to play a shell game where if we swap one asset like eth for another asset like maker we are "incurring a taxable event" while we never actually cashed out, then their game rules can be used against them, and people might be able to win in court against the IRS. Swap to liquidity pools, and rack those losses to mars.Relevant us code: https://ift.tt/3dXNzjI, if this idea just saved you $10,000+ in taxes, this needs to be bumped to the top of /r/cryptocurrency.And we need the finest legal minds to discus and debate this. The legal argument is that uniswap has a different risk profile than the underlying assets, and that token to token transactions are taxable events. This is not tax evasion. This is tax avoidance, using a legal strategy. This is not hiding taxable transactions from the IRS.

Submitted October 26, 2020 at 07:38PM

My (crypto)life ambition

https://ift.tt/3kw6LHY

Submitted October 26, 2020 at 07:56PM

Real Visions Raoul Pal on Pushing Crypto into the Mainstream by Enabling Enterprise Adoption

https://twitter.com/RaoulGMI/status/1320689195141255168

Submitted October 26, 2020 at 07:10PM

PSA: The Federal Reserve wants to lower the suspicious transaction reporting requirements from $3000/transaction to $250/transaction. This would include crypto and effects more than just the USA. Leave your comment on the proposed legislation.

https://ift.tt/3jv9vnx

Submitted October 26, 2020 at 05:29PM

A story about losing my life savings, and then getting it all back

Repost of a hard-learnt lesson with a happy ending from a fellow Quamrade. People, please be more careful in this wild crypto west - don't you ever enter you seed phrase anywhere else, except the Ledger itself:Ever since finding out about Quant Network (QNT), I have been a firm believer that this is the project that is going to let me make it.I put everything I had into buying more QNT, and eventually racked up a nice stack of 1266 tokens. This is literally my life savings, I hold no other cryptocurrency nor do I have any money left in my bank account.On the 22th October, 2020, I was trying to retrieve some 200 QNT tokens or so to my OG wallet (0x1b0A48eD4E485b7682E299454bc6e7D7adB059C9) from IDEX. Since IDEX updated to IDEX 2.0, I had to migrate my tokens from the IDEX 1.0 wallet first.When attempting this, I got a security key error message popping up, and it simply wouldn't let me get my tokens out. Stressed out thinking my tokens were at risk, I googled my way into a Medium article explaining a solution to the problem. It said I had to update my ledger firmware because something wasn't playing with Nano Ledger and Windows 10.The article contained a link to download the Ledger Live App, including the steps I needed to take to update my ledger firmware. I clicked the link and downloaded the version from the Medium Article. I completed all the steps and didn't think twice about the desktop app asking for my 24 word seed - everything looked legit. The update completed, I didn't get the security key error on IDEX anymore and I got my funds into my wallet again - yay!Two days later (today on October the 25th), I decided to check my wallet. All my funds (1266 QNT) had been moved. All my money. My life savings. Gone.Just as QNT is starting to pump hard, so I know that I won't be able to buy back my stack in a thousand years. The timing could not have been worse. "I'm sure they're just on IDEX or something still" I thought to myself. I went there to double check - nothing. My gut turned itself inside out. I started backtracking my movements and concluded it had to have something to do with the IDEX wallet thing. I slowly started to realize where I had gone wrong, and I found more information about a fake ledger live app asking you for your seed.I opened TG and started writing in Quamfy Lounge and to my other friends in QNT, explaining the situation and asking them to not make the same mistake as I did. Still in shock, I was met with many people saying how sorry they were for my sake and how they felt my pain. I couldn't handle it. I laid down in my bed, still shaking and struggling to breathe. "How could I have been so fucking stupid?" Crypto 101 is that you do not give away your 24 words to anyone.A combination of stress, a very believeable phishing malware and straight up dumbfuckery had left me with absolutely nothing left. I open up TG again, and see that the community is rallying together, they created a new wallet for me and asked people to donate (0x4a84e7b1f80ea5a8bd3b4a561a6398d242816320). It was beautiful to see so many people stand up to help me, and I really appreciated the effort.People were going absolutely mental and within a few minutes there was already 100 QNT back in the wallet. I was astounded over how many people actually cared and wanted to help me, but at the same time I knew I would never have my big fat /making it/ stack back. I felt happy, sad, grateful, ungrateful, depressed, angry, anxiety-stricken and hopeful at the same time. There aren't really words to describe it.Then the nuke dropped. Some absolute fucking mad lad sent 1000 QNT to the donation address.I was in awe. Some random person in the QNT community actually sent me about 15 000 USD worth of QNT, with no strings attached*. I started to cry like a small child. The rollercoaster of emotion I've been through today took its toll on me.*Now, some people reached out and asked for more details about the hack and found out that the hacker sent some funds to Bittrex. I've contacted Bittrex support about it to see what they can do - if I get any funds back I'll make sure to return the donations to the people who helped me out today.The Medium article containing the link to the Ledger Live malware is getting reported as I write this, so that no-one else will experience the pure terror that I did.This whole thing has left me exhausted, but also feeling hopeful and inspired. There are still kind people out in this world today who are willing to lend a helping hand to those in need without expecting anything in return. They deserve all the good things that are coming to them, and I will be ever grateful to my anonymous hero. My biggest thanks to everyone who donated, you are beautiful people.

Submitted October 26, 2020 at 03:52PM

Binance invests in Audius - Audius releases AUDIO token - Binance pumps AUDIO token

https://ift.tt/34seUrp

Submitted October 26, 2020 at 03:17PM

High Bitcoin ATM Transaction Fees are Hurting Crypto

https://ift.tt/2TrRlZg

Submitted October 26, 2020 at 02:25PM

Our true Desire

https://ift.tt/2J6jNOB

Submitted October 26, 2020 at 01:17PM

Bitcoin Bull Cycle. 51% - 49% Golden Ratio Bull Run.

On track for an insanely good 2021.As can be seen on the chart there is a big similarity on each cycle. The phase from the bottom to the halving is 51% of the whole bull cycle, while the rest (halving to top) consists the 49%. Practically we can see the halving at the middle of each bull cycle, so we have a sustained rise to at least October 2021 on this bull cycle!This is a pattern for long term bitcoin holders to follow but it certainly answers the question 'is it too late to buy?'https://ift.tt/37O5Vma

Submitted October 26, 2020 at 11:20AM

Alibaba Founder Jack Ma: “Digital Currencies” Are the Future

https://ift.tt/31FP4yk

Submitted October 26, 2020 at 06:04AM

Take the Orange Pill 💊

https://ift.tt/3dV3Tlo

Submitted October 26, 2020 at 09:25AM

Cryptokitties, The Sandbox, and other Non-fungible tokens (NFTs)

There seem to be some very interesting projects going on right now, and I've stumbled across a few. With marketplaces like OpenSea, it has become increasingly easy to connect via Metamask to all sorts of minted information stored on the (in my examples Ethereum) blockchain.I hope our children will be experiencing a world of cryptographic life, and I can foresee hobbies and time being more and more sucked into it, you know kind of like Ready Player One. I'm excited to see what the future brings, and would like to take part in shaping it.I'd like to hear from the community here, what projects do you think are here to stay and actually innovate in the more social, gaming, and collectible sphere?

Submitted October 26, 2020 at 05:49AM

Why DeFi Needs Decentralized Oracles

https://ift.tt/3jnlp2U

Submitted October 26, 2020 at 06:50AM

Daily Discussion - October 26, 2020 (GMT+0)

PayPal’s New Service Is A $50 Billion Stimulus Check For Bitcoin

https://ift.tt/37HJvDo

Submitted October 26, 2020 at 02:24AM

Founder of CryptoJobsList.com, Raman Shalupau, was successfully targeted for a hack... The hacker bypassed Apple 2FA, brute-forced encrypted folders using a stolen library, & managed to steal >$3000 USD worth of ETH + tokens. He's still trying to figure out how they pulled it off.

https://ift.tt/3nWMGg5

Submitted October 25, 2020 at 11:20PM

Crypto Traders hard at trading

https://ift.tt/2TlkTYy

Submitted October 25, 2020 at 08:17PM

[Phishing Alert] To all Ledger customer

I got this mail: "Your Ledger wallet may be compromisedDear Nguyen,We regret to inform you that Ledger has experienced a security breach affecting approximately 85,000 of our customers and that the wallet associated with your e-mail address ([cx](mailto:cuongnq@me.com)[xxxx@yyy.com](mailto:xxxx@yyy.com)) is within those affected by the breach.Namely, on Saturday, October 24th 2020, our forensics team has found several of the Ledger Live administrative servers to be infected with malware. At this moment, it's technically impossible to conclusively assess the severity and the scope of the data breach. Due to these circumstances, we must assume that your cryptocurrency assets are at risk of being stolen.If you're receiving this e-mail, it's because you've been affected by the breach. In order to protect your assets, please download the latest version of Ledger Live and follow the instructions to set up a new PIN for your wallet. Sincerely,Ledger"Download link is https://ift.tt/3dWd3yf then redirect to other page on image.Please report it with me. Of course, this is fake. Be careful.Other information:Addressing the July 2020 e-commerce and marketing data breach — A Message From Ledger’s LeadershipWhat happenedOn the 14th of July 2020, a researcher participating in our bounty program made us aware of a potential data breach on the Ledger website. We immediately fixed this breach after receiving the researcher’s report and underwent an internal investigation. A week after patching the breach, we discovered It had been further exploited on the 25th of June 2020, by an unauthorized third party who accessed our e-commerce and marketing database – used to send order confirmations and promotional emails – consisting mostly of email addresses, but with a subset including also contact and order details such as first and last name, postal address, email address and phone number. Your payment information and crypto funds are safe.(https://ift.tt/3ktgQ8A

Submitted October 25, 2020 at 04:21PM

What are the downsides of your favorite coin?

People in this sub support dozens of coins as the ultimate cryptocurrency in their eyes. However, there is inherent issues with every single coin.Tell me what’s your favorite coin and the biggest issues with that coin right now.

Submitted October 25, 2020 at 07:55PM

Ripple Board Member Arrested on Cyberstalking Charges

https://ift.tt/31FsENr

Submitted October 25, 2020 at 09:02PM

The ocean clean up project releases it's first certified product made from plastic garbage reclaimed from the ocean and certified on the blockchain.

https://ift.tt/2Hy1SiW

Submitted October 25, 2020 at 07:38PM

Promoted

https://ift.tt/2HpNQQZ

Submitted October 25, 2020 at 07:14PM

I honestly agree

https://ift.tt/3dVpcTN

Submitted October 25, 2020 at 04:31PM

Warning regarding fake ledger email

There is a fake email going out claiming to be from ledger regarding mallard affected servers that have compromised the ledger live application, the email is very clean with no spelling errors and the email address is practically identical, it is however a .io email whereas ledgers actual emails end in .comJust a warning so that hopefully people do not fall for it, do not click the link in the email to download the "newest version" of ledger Live, instead always go direct to ledgers website.

Submitted October 25, 2020 at 04:24PM

With an array of bans, card freezes, and tracking requirements imposed by national governments in opposition to cryptocurrency, regulation is getting stricter. Learning how to deal with it is crucial for the market to develop

https://ift.tt/3dT7twx

Submitted October 25, 2020 at 03:38PM

It's fine 👌

https://ift.tt/37S0wLh

Submitted October 25, 2020 at 04:19PM

Unclaimed Moons Pool. What shall we do with it?

So 1st cut off is November 16th and on that date a pool is generated with unclaimed moons. I'm guessing this will be in the millions?What happens to this pool?Can we get a vote going on what to do with it or have the r/cryptoCurreency overlords already decided?My off the top of the head poll below.Mods feel free to delete or edit or add to this post and make an official version just wanted to get the conversation started and have this noticed and not lost in the noise of bigger threads.View Poll

Submitted October 25, 2020 at 11:09AM

Where did NANO go wrong?

I just want to understand what exactly is NANO doing or did that stopping it from main stream adoption?I have tried it personally for transactions and its mind boggling how fast the transactions are and FREE. like it's literally free?isn't that what was the primary goal of Bitcoin to be easy, fast and free/low cost compared to traditional currencies?It has zero inflation, which, to me, is the most important thing combined with scalability.And yet it's barely holding on to the top 100 coins.So my question is if there is some big red flag which am missing or something the market knows that I don't?I am genuinely curious and concerned of the future of NANO and would like a healthy discussion about where exactly did nano go wrong. Do you think it can still survive?

Submitted October 25, 2020 at 10:29AM

Large Bitcoin Holders Just Moved 80,000 BTC; Analysts Grow Cautious

https://ift.tt/3mlaTLy

Submitted October 25, 2020 at 06:42AM

Gold ‘breaking down’ against Bitcoin is highly bullish for BTC — Analyst

https://ift.tt/31Hi6gO

Submitted October 25, 2020 at 10:52AM

(LIVE) Kevin Hart shouts out Bitcoin, Ethereum and other cryptocurrencies while hosting MDA Telethon

https://www.youtube.com/watch?v=N_2TSAZVQjM

Submitted October 25, 2020 at 08:39AM

I'll keep buying alts

https://ift.tt/3kqX0e0

Submitted October 25, 2020 at 08:28AM

XRP Moving Approximately $3,000,000,000 in Remittances From US to Mexico, According to Founder of Crypto Exchange Bitso

https://ift.tt/3opCwVh

Submitted October 25, 2020 at 08:20AM

Kanye West discussing Cryptocurrencies on Joe Rogan: “These are guys that really have a perspective on what the true liberation of America and Humanity will be”

https://youtu.be/qxOeWuAHOiw?t=8430

Submitted October 25, 2020 at 04:05AM

Portugal: A Heaven for crypto investor? MUST READ

So today we're in November 2021 and Bitcoin just hit a new ATH of 102 570$You got more than 5 Bitcoins (works with any amount) and wish to sell some of it but you know that you will be hardly taxed on your profits for being smart and buying bitcoin at 10K.The idea of paying 30/40 or even 50% of taxes makes you already nauseous and you need a solution!After some research I found the paradise that we all need and were crypto are not taxed: PORTUGALFirst of all it's a beautiful country with great food and nice beaches but also lovely people.But it's mostly the dream to pay zero taxe on your profits with crypto.What you need to do?First of all check if you need a visa to go there. For us European it's easy, we can just fly or drive there.Next step is to open a bank account, which is very easy, can be done online and any of those will do:ActivoBankBanco N26 (that's the one I have)Caixa Geral de DepósitosMillennium BCPNovo BancoAfter that you will need to rent something (or even buy) for at least 12 months to receive what they call a Non-habitual resident regime (NHR) then you will be able to send your profit to your bank account and say F*** You to the IRS or whatever organisation rips you off in your country.Depending on your original residencial country, you must check how many days/months per year you should live in Portugal to enjoy this privilege. For exemple I have to stay at least 6 months and 1 day there not to have to pay any taxes in France.I don't really have to follow that rule as I can always drive back home and no one will ever tell me anything, but it's as you like.Life is not so expensive there, again depending on where you come from, but if you got a decent amount of crypto to sell, it will always be better than having to give away hundreds of thousands of dollars for free while you could just use them for yourself!!!There's also a very interesting offer for people who decide to work, study or retire there as you won't pay any taxes at all for the next 10 years.They don't taxe crypto but they taxe other things, how would they survive otherwise? So think about it, but it could be a great safety net for your future.I hope it was helpful to you guys.Take care and thank you Portugal.

Submitted October 25, 2020 at 02:21AM

Do you Suffer from Crypto Addiction ?

https://ift.tt/2Tp7L4A

Submitted October 25, 2020 at 07:36AM

Daily Discussion - October 25, 2020 (GMT+0)

‘Out of Government Reach’: Nigerians Turn to Bitcoin to Fund Anti-Police Brutality Protests

https://ift.tt/2Hlg92Y

Submitted October 25, 2020 at 01:03AM

The Digital Age Is Here: Crypto And Fintech Companies Soar, While Bank Stocks Tank

https://ift.tt/31CZoak

Submitted October 24, 2020 at 06:59PM

JPMorgan Tells Investors Bitcoin is Next Big Thing—A Decade Too Late?

https://ift.tt/35s52xa

Submitted October 24, 2020 at 11:41PM

What would you invest in right now?

So your sitting here with money in your account. Pondering the never ending list of crypto currency. What would you be doing with it? Any new coins catch your eye that you want to invest in? Would you play safe and just horse it into BTC or ETH? Not sure what I would do, everything looks like it’s on the up so maybe wait untill it’s back down.

Submitted October 24, 2020 at 08:46PM

On PayPal scheme

https://ift.tt/2TlSLV9

Submitted October 24, 2020 at 07:33PM

Beware of users trying to scam the community here.

For example /u/defriscomj and u/yuuiiyin messaged me privately trying to "help" with a problem with Metamask.Proof:https://ift.tt/2TmnZvs GIVE YOUR PRIVATE ADDRESS TO ANYONE!

Submitted October 24, 2020 at 07:22PM

JP Morgan Veteran Daniel Masters Explains How Blockchain Will End Commercial Banks

https://ift.tt/3jrvATS

Submitted October 24, 2020 at 06:24PM

Bitcoin Scammers be like...

https://ift.tt/2TlyAGV

Submitted October 24, 2020 at 12:39PM

Most common answers to why they won’t buy BTC

Every time the topic of money or investment comes up in conversation between colleagues or friends I constantly hear the same answers:1/ It’s too volatileResponse - Zoom out...lol Btc has done extremely well last 10 years and is at 200b market cap. It’s a big asset. Look at monthly charts not daily or weekly.2/ Government will ban itResponse - What country? USA? 1% chance. Way too many players in the game with significant positions. PayPal just entered... The opposite is happening actually. The space is being cleaned up (bitmex) and paving the way for the big boys. If your country bans it, it will be temporary. This is a global phenomenon and business will move out from the backwards nation that bans it until the nation has no choice but to adopt it. Tech is savage and relentless. It keeps going and doesn’t care. Destroys businesses and create new ones.3/ It’s too difficultResponse - This is actually a real concern. I say there is a small learning curve but plenty of great YouTube videos they explain it very well. But If you want the gains, you gotta put in the work. By the time it’s extremely easy for the average mum and dad, all the gains will be gone. If gains isn’t the issue for them, I guess you can’t win this argument.What other responses do you guys get and how do you combat them?It can be any crypto. Try explaining defi... lol.

Submitted October 24, 2020 at 06:33PM

Do you trust your seed? Don't! (An interesting read on generating seed phrases by hand)

https://ift.tt/37kMod4

Submitted October 24, 2020 at 05:26PM

Reminder: Congress or any government has no authority to tell you what currency you may use in legal voluntary transactions. You have a right to financial privacy and it is your responsibility to defend it.

Stop fucking around with these government power grabs, whether you're in the US, the UK, Aus, NZ or Canada, tell those leeching fucks in the capital to get the fuck out your business, they are obsolete and have no actual authority of your finances.Financial privacy is a human right.

Submitted October 24, 2020 at 06:45PM

Friends opinion on crypto

What are your friends opinions on crypto whenever or if you bring up the topic? Are they still skeptics or are they slowly realizing the huge potential in this asset class? Most people i talk to aren't interested in crypto and most are still unsure what to think about it. Is this the case with your friends or family?

Submitted October 24, 2020 at 01:06PM

Register to Coingecko.com to claim Candies!

If you're fed up with Coinmarketcap like me then you might have a look at Coingecko.com or install the app - at the moment they offer the opportunity to claim Candies every day if you are registered.Candies are not a token it is a incentive program if you claim them every day they add up and you can get discounts for Trezor wallets (you can contribute and win a Trezor with your Candies) or Crypto related products 😁This might be of interest to some of you! 👌https://ift.tt/35sSXI3 not affiliated with them in any way)

Submitted October 24, 2020 at 01:15PM

BTC Stock-to-flow Chart in 2012 vs BTC Stock-to-flow Chart in 2020. Crazy how there isn't much deviation. Taken from @bitharington and @100trillionUSD on twitter

So, image 1, created in what appears to be circa 2012: https://ift.tt/3jwOnxu image 2, which appears to be created a few weeks ago: https://ift.tt/3jjMlR6 all honesty, this doesn't make me think "If bitcoin hits 1 million USD, but but rather when." almost entirely unquestionably.

Submitted October 24, 2020 at 09:53AM

The Ripple story telling keeps getting funnier and funnier.

https://ift.tt/34n9fCQ

Submitted October 24, 2020 at 11:32AM

Hmmmmmmm

https://ift.tt/37P8tkn

Submitted October 24, 2020 at 11:48AM

Bitcoin price rise to $500k is inevitable - Winklevoss twins

https://ift.tt/3jn0VqP

Submitted October 24, 2020 at 04:26AM

Abra’s CEO Just Put 50% of His Investment Portfolio Into Bitcoin

https://ift.tt/2TkW7Yz

Submitted October 24, 2020 at 08:55AM

Charles Hoskinson calls for a different kind of apoliticism than Brian Armstrong

https://ift.tt/3kpNQi7

Submitted October 24, 2020 at 05:33AM

AMD Reportedly Working on Cryptocurrency Specific GPU

https://ift.tt/2HAhEd1

Submitted October 24, 2020 at 06:54AM

US AML watchdog wants info on all international transactions over $250 including crypto tx

https://ift.tt/3mgPfYJ

Submitted October 24, 2020 at 05:10AM

Daily Discussion - October 24, 2020 (GMT+0)

Spotted at Arrivals of Zurich Airport!

https://ift.tt/2FV4nLV

Submitted October 24, 2020 at 03:50AM

Novogratz calls PayPal’s Bitcoin news 'the shot heard around the world on Wall Street’

https://ift.tt/3mjntuO

Submitted October 24, 2020 at 02:09AM

After several years hodling crypto in the red, I am finally at break even!

Thanks to much motivation and support from this community I have been hodling for years in all the ups and downs not giving in to FUD. And now I finally see the light in the end of this long dark tunnel. Thanks everyone and to those still in the red. Stay strong hodl on and do not give in to the FUD.May crypto be with you always.

Submitted October 23, 2020 at 10:45PM

Proposed Chinese Law Outlaws All Yuan-Pegged Tokens – Except for Its CBDC

https://ift.tt/31wKkuI

Submitted October 23, 2020 at 10:02PM

Paul Tudor Jones talking about how investing in Bitcoin now is comparable to investing in Apple or Google early on.

https://www.youtube.com/watch?v=SmH1avX_RVc

Submitted October 23, 2020 at 08:49PM

PSA: Old timers, claim your MOONS! Time to claim runs out soon

There are 6 months to claim Moons for old timers who were given Moons in the initial distribution round. As of now, most of it lies unclaimed.Unless someone claims it by the end of 6 months, it will go back to the main pool and they will lose it! Imagine losing out on thousands of Moons because you didnt claim them?So get claiming people!

Submitted October 22, 2020 at 09:07PM

Them feels.

https://ift.tt/3kB3tTC

Submitted October 23, 2020 at 09:09PM

Michael Saylor claims the company will hold Bitcoin for ‘100 years’

https://ift.tt/3dP5KrQ

Submitted October 23, 2020 at 02:51PM

XLM and ADA to be likely added to PayPal next

https://ift.tt/2TkNNYI

Submitted October 23, 2020 at 02:57PM

Do you guys think a Scam-or-Not Crypto Site would help the community, especially newbies? Crypto is plagued by scandals and I want to do something about it.

Something like Snopes, Fact checking, Anti-Scam articles, etc.Completely honest, no pushing shitcoins.Pro - Open Source, Electronic Freedom Foundation, TOR, Monero etc.I have some cybersecurity experience and am planning on making something like that. Don't expect it to be too big but just want to put free time into it and improve my copy skills and learn more about honest crypto myself..

Submitted October 23, 2020 at 12:03PM

Crypto is no longer a tool for the Dark Web. Bitcoin offers an important platform for financial growth

https://ift.tt/3knBIxL

Submitted October 23, 2020 at 02:27PM

Funds locked in DeFi surge $1B as analyst tips post-election bull run

https://ift.tt/3maJhIT

Submitted October 23, 2020 at 11:05AM

Ethereum set to become first blockchain to settle $1 trillion in one year

https://ift.tt/2HkjgIq

Submitted October 23, 2020 at 10:48AM

Grayscale adds a ‘cool $300M’ in a day and $1B this week

https://ift.tt/3okbr68

Submitted October 23, 2020 at 08:45AM

Ethereum is on track to have a higher annual transaction volume than Bitcoin for the first time.

2020 will be the first year Ethereum will have more transactions than Bitcoin. The huge development of DeFi in the Crypto space is undoubtedly a huge factor contributing to this.https://ift.tt/2IRVqE1 we see Ethereum overtake Bitcoin as the 'top' crypto in the future?

Submitted October 23, 2020 at 06:35AM

Daily Discussion - October 23, 2020 (GMT+0)

PayPal in Talks to Buy Crypto Firms Including BitGo

https://ift.tt/2Hn1dAR

Submitted October 23, 2020 at 04:30AM

KIN SEC Case is over and it is officially 'not a security'

Official statement from Kin:https://medium.com/kinblog/a-new-chapter-begins-in-the-life-of-kin-and-the-kin-foundation-ddd26cb7ff50Kin got some great news, as it is now officially considered 'Not a security'. From the good news it's price has more than doubled in the last 2 days.Ruling:https://www.courtlistener.com/recap/gov.uscourts.nysd.516941/gov.uscourts.nysd.516941.90.0.pdfPoints of interest:Kin price has doubled in the last 2 days.Kin has 57 apps in it's ecosystem with 3 million monthly active users (40 million unique)Kin is moving to Solana blockchain on December 8thKin is on Coinbase Custodyr/kinfoundation

Submitted October 23, 2020 at 02:25AM

"In gold mining, it is estimated that only 0.00001% of the ore is actually refined into gold. Chemicals used in processing contaminate at least 90 billion tons of waste ore per year globally, equvilent in weight to 9 times as much trash produced annually by all US cities combined"

"Mining enough gold for an average wedding ring creates about 20 tons of hazardous mining waste, which is often dumped in rivers or the sea.""During the gold rush, an estimated 7,600 tons of mercury were deposited into the rivers of the central Sierra Nevada alone. That mercury remains in the Califnorina environment, much of it being continuously transported to the San Francisco Bay, where people fish and swim"I wanted to provide some quick info on the environmental impact of gold mining for the critics of crypto mining which uses almost 75% renewable energy.All quotes from Annie Leonard.

Submitted October 23, 2020 at 12:56AM

Life as a CRO stakeholder

https://ift.tt/3jmfrPV

Submitted October 22, 2020 at 10:30PM

Imagine the shitcoins you can have for $20

https://ift.tt/3dNkyHw

Submitted October 23, 2020 at 01:00AM

Bitcoin Overtakes Disney & Netflix After Beating BoA to Become 23rd Largest Asset by Market Cap

https://ift.tt/31yXreR

Submitted October 22, 2020 at 10:53PM

Bitcoin More Popular Than Sex, According To Reddit

https://ift.tt/2FPtNuc

Submitted October 22, 2020 at 09:03PM

Please stop shitposting memes, we know it's just for Moons

Earn your Moons with actual valid content (if you dare), we don't need garbage here.I know we are all excited and greedy and whatever but please, just stop.Upvote or downvote this post, I don't care, I know It will disappear into the bottomless pit of memes in seconds...

Submitted October 22, 2020 at 10:53PM

We’re not sorry zuck

https://ift.tt/35m3IM9

Submitted October 22, 2020 at 08:15PM

Important note for FOMO investors

Right now the hype is tickling your dopamin receptors. You can almost feel LAMBO and MOON. Your intuition tells you to YOLO your life savings and ride the cryptowave ATH. You feel like you got it all, and that you are ready to rock, but just remember that the bull climbs the stairs and the bear jumps out of the window. And if the bear jumps out of the window and you get REKT, for God sake don't blame crypto, don't blame the bear, it's just your FOMO-YOLO moment that REKT your ass.

Submitted October 22, 2020 at 03:03PM

DeFi Reaches $12 Billion in Total Value Locked as Ethereum Transacts 2X More Than Bitcoin Daily

https://ift.tt/3kmawzE

Submitted October 22, 2020 at 04:22PM

r/CryptoCurrency Moons price and trading volume is now displaying on CoinGecko

The link is here: https://ift.tt/3nIRmpI Currently it only has about 5 hours of data, but already ~50K in trading volume has taken place. It doesn't seem to know the circulating supply, so it can't calculate market cap yet.

Submitted October 22, 2020 at 07:26PM

Monero is on the rise on Google Trends again

https://ift.tt/37wYXCg

Submitted October 22, 2020 at 04:31PM

Investors are More Interested in Bitcoin Than Stocks: TD Ameritrade

https://ift.tt/31r9J9d

Submitted October 22, 2020 at 04:00PM

Dogecoin does more txn/day than Bcash

Dogecoin txn/day- around 39kBCash txn/day - Around 20k yesterdayYou can notice that Dogecoin has consistently more transactions per day than BCash.Bcash was supposed to "flippen" BTC. Instead it's barely 2% of BTC's value today.

Submitted October 22, 2020 at 03:50PM

Bancor has recently announced the launch of its v2.1 on Ethereum mainnet, aiming to solve impermanent loss, one of the biggest issues with DeFi liquidity pools

https://ift.tt/2FO5DQL

Submitted October 22, 2020 at 03:40PM

#FuckPaypal

I'm not hyping up this garbage. They seem to be explicitly removing the word, "withdraw" from their language. That's right. Paypal will own your cryptocurrency, and you'll never be able to withdraw it to or from a private wallet.Don't hype up their bullshit. They're just a cog in the wheel of the regulated illusion of financial freedom, trying to leech off real, public, private money. Don't hype them up. When family and friends ask about it, explain to them how private wallets work and what the point of all of this is.Paypal is not "good" for the environment. Paypal is only "good" for their investors and daddy bankers.#FuckPaypal.

Submitted October 22, 2020 at 12:30AM

Goodbye banks 👋

https://ift.tt/3m9eEn1

Submitted October 22, 2020 at 06:08AM