https://ift.tt/HxJwzXT
Submitted March 31, 2022 at 11:07AM
Studies show mining Bitcoin is 3.5 times more expensive than digging up actual gold
https://ift.tt/Ti5smhB
Submitted March 31, 2022 at 06:56AM
Submitted March 31, 2022 at 06:56AM
Daily Discussion - March 31, 2022 (GMT+0)
Welcome to the Daily Discussion. Please read the disclaimer and rules before participating. Disclaimer: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.Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams. 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 The prior exemption for karma and age requirements is no longer in effect.Discussion topics must be related to cryptocurrency.Behave with civility and politeness. Do not use offensive, racist or homophobic language.Comments will be sorted by newest first. Useful Links:Beginner ResourcesIntro to r/Cryptocurrency MOONs 🌔MOONs Wiki Pager/CryptoCurrency Discordr/CryptoCurrencyMemesPrior Daily Discussionsr/CryptoCurrencyMeta - Join in on all meta discussions regarding r/CryptoCurrency whether it be moon distributions or governance.
Submitted March 31, 2022 at 07:00AM
Submitted March 31, 2022 at 07:00AM
Manipulation Report: The Helpful Network
Mods do a lot of behind the scenes work to handle manipulation privately so the attackers do not learn our methods and evade them, but in certain cases like this one I believe it is good to show people what to look out for. Like with phishing, no matter how many protective measures you put in place, knowing is half the battle. If you are interested in this topic, SmarterEveryDay did a good series about manipulation on social media. There are videos for YouTube, Facebook, and Twitter. Reddit was not included but it does face very similar challenges as outlined by the admins here.The Helpful NetworkWe recently started tracking a network of accounts doing astroturfing work on crypto reddit. If you browse the profiles listed below, you'll see them having super organic conversations with each other, where they recommend and advertise various crypto projects. One account will have a question and another will kindly jump in with just the answer they are looking for! And then they'll go follow that user to other posts and subreddits to be helpful and answer their questions there too.u/aechieeu/ambitiousad7027u/antony_hipsu/gibson_monku/ham_harrisonu/hello_gunu/kollin_ronu/kris_angelsu/kriss_pruvestu/lanfgyu/mallamwau/natures-magicu/nightmarekrolu/norman_ked (archive)u/questybu/semmonryu/vins_grummeru/x-tronerThis group is humorously bad at pretending to have conversations with themselves, but it won't always be this easy to spot. There are some common signs of inorganic accounts that you should know to look out for. Some other behaviors and indicators associated with these types of accounts I would like to add:Karma farming to bypass our karma requirements by either begging in /r/freekarma4u or posting agreeable content like "cute cat" in r/aww or "fookin kneelers" in /r/freefolkPosting in other crypto subs with little to no moderationZombie accounts: The post history shows a complete change in behavior at a certain point, usually associated with a long gap in posts. This change is typically when the account is sold and begins full time shillingPosting in old threads where they won't be downvotedAnd finally in r/CryptoCurrency specifically, they will usually have little to no MoonsPrevious Reports:Manipulation Report: The XMR Spam Attack. 424 known accounts, 25 subreddits, and 13,280 spam commentsManipulation Report: The Fun Space GroupCrypto Reddit Manipulation Report: Dream Network
Submitted March 31, 2022 at 03:33AM
Submitted March 31, 2022 at 03:33AM
The SEC is a joke and their enforcement is shambolic
The SEC only targets low hanging fruit - pat themselves on the back - make a public statement about it - then don’t even care about the legal follow-through.They never want to target cases or companies that are difficult, challenging, or embarrassing. They’re an agency that polices broken windows on the street level and rarely goes to the penthouse floors!They contact blockchain businesses that are holding token sales and force them to close and refund investors. They claim to “maintain fair, orderly, and efficient markets, and facilitate capital formation” but play nice to big corporations, while employees take very high paying private sector jobs after working there!They shells out billions and billions of fines each year but a large number of those fines go to big banks, some of the most evil companies on earth!!Their enforcement division is measured by only two metrics, the number of cases filed and the monetary penalties - more than half of SEC employees are made up of enforcement personnel and examination staff - they need serious reallocation of their resources! Enough is enough!! Gary you might have taught that MIT class but you have no business ‘regulating’ the future of global finance!TLDR; The SEC is a useless government body that does NOTHING to actually protect investors, only favors big business, and should stay the HELL away from cryptocurrencies.
Submitted March 31, 2022 at 12:28AM
Submitted March 31, 2022 at 12:28AM
Getting an Uber is a simple concept but may be difficult to explain to someone 30 years ago as you would need to explain the internet, smart phones, apps, etc. What relatively mundane concept today (like hailing a cab) will be completely revolutionized as blockchain/crypto technology is built out?
Most of the time when folks try and picture a new technology they apply it to todays standards and often completely miss the mark.There are many examples but the process of ordering an Uber/Lyft is one where the concept is very simple and understandable (hailing a cab) but may be difficult to explain to someone 30 years ago as so much technology has built on top of itself to allow it. (High speed internet, smart phones, apps, GPS, etc.)What simple task today will be done in a completely new fashion in 2-3 decades as the technology infrastructure of crypto/blockchain continues to be built out?Edit: Not sure why some are hung up on the Uber example. Its not the point of the post folks.
Submitted March 30, 2022 at 11:44PM
Submitted March 30, 2022 at 11:44PM
Will ETH Lead The Next Bull Run?
Ethereum (ETH) volumes appeared to be converging with those in its larger peer Bitcoin BTC, recent data showed. The world’s second-largest cryptocurrency has seen a spike in interest this year ahead of a widely anticipated shift to a proof-of-stake (PoS) model.ETH price has surged over 20% in the past two weeks, and was trading at around $3,400- close to breaking even for the year. Daily volumes have also steadily risen, averaging at roughly $20 billion over the past week.BTC price also shot up to 2022 highs this week, and was trading around $47,000. But while volumes did increase, they were substantially lower than the massive amounts of liquidity seen in 2021. Still, the world’s largest cryptocurrency commanded over 40% of total crypto market capitalization.But the latest crypto rally has also seen several altcoins vastly outperform BTC, while notching record highs in market capitalization. A similar scenario was observed during the start of the 2021 rally, which had eventually challenged BTC’s dominance.And so the question is will ETH lead the next Bull Run?https://ift.tt/Krmbj0R
Submitted March 30, 2022 at 10:11PM
Submitted March 30, 2022 at 10:11PM
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