All Free: September 2021

Robinhood’s Popularity Is Fading Away With Meme Stock Fad 😃

https://ift.tt/3utasUt

Submitted October 01, 2021 at 09:54AM

Buying/holding Crypto is a big F*ck you to China

Buying/holding Crypto is a big F*ck you to China.One day in the future, China will have their Communist Coin, and it will blow up like crazy since their people will be forced to use it.The only way to fight Communist Coin is by continuing to support Capitalist Coins by choosing to invest in projects that you think will lead to the innovation in the free world. We all know Defi is the next Internet innovation, and we know that many entities have been established to compete in the trailblazing path to utilize Blockchain technology in ways that will revolutionize our lives.If we only invest for short term profits, its easy for players like China to out-innovate us. They have vast resources and lots of brilliant minds in their tech space as well.Although we aren’t forced to use a certain cryptocurrency, we as free democratic countrymen can choose to DCA into projects we believe in, and the flow of money will pump our blockchain infrastructure full of steroids. Thus, holding and supporting crypto is a big f*ck you to China.

Submitted October 01, 2021 at 10:45AM

President Bukele: People in El Salvador Now Pay $0,20 Less Per Gallon of Fuel when Paying with Bitcoin

https://ift.tt/2Y7NlDs

Submitted October 01, 2021 at 08:02AM

Nebraska Governor Gives the middle finger to the IRS: Says transactions as low as $600 won't be Monitored in his State.

https://ift.tt/3kXhptU

Submitted October 01, 2021 at 09:21AM

Robinhood Securities President Sold all His AMC Stock before Restricting People from Buying it: They will do the same thing to your Crypto

A new lawsuit alleges that the chief operating officer and securities president of Robinhood James Swartwout has sold all his AMC stock just before Robinhood restricted people from buying it.This is literal insider trading, rethink about using them to hold your crypto. Do you really think they might not pull the same move again if they gain significant marketshare in the crypto space?Even the SEC chairman Gary Gensler has warned about Robinhoods shady businesses practices, they sell your crypto and stock trading data to hedge founds.

Submitted October 01, 2021 at 08:26AM

MATIC is the most undervalued project considering it’s performance

I'll be quick, Polygon has seen consistent growth without any incentive programs or Ponzi bullshit. It just hit 83 million wallets with 6.7 million daily transactions.https://preview.redd.it/lgmdfk6xopq71.png?width=550&format=png&auto=webp&s=c771a6e2a7c7e6ec072596237996206a92e812a4Here’s some perspective from twitterAvalanche has 387k wallets (0.4% the amount Polygon has) and since birth completed 9.7 million transactions. Polygon is doing more than that in less than 2 days. AVAX has 2x the market cap of PolygonCardano has 1.7 million accounts (mostly staking) and completed 14 million transactions over the past 4 years. ADA has 10x the market cap of PolygonBinance chain has more wallets at 96 million and 5.7 million daily transactions has 7.5 x the market cap of polygonMATIC isn’t a sleeping giant, it’s a god damn work horse that’s had steady and respectable growth, people get antsy around here and wanna chase the next thing all the time. But if you’re quietly holding MATIC you should be excited for the future. When I check my portfolio in the morning, Polygon is the first thing I peek at, I know one day it’s just going to light up.\Credit goes to Cryptomaxi on twitter for bringing these stats to people’s attention**

Submitted October 01, 2021 at 04:53AM

Daily Discussion - October 1, 2021 (GMT+0)

Welcome to the Daily Discussion. Please read the disclaimer, guidelines, 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 October 01, 2021 at 07:00AM

JPMorgan's CEO now Implies Bitcoin Can Hit $400k In 5 Years, after Calling it a Scam 3 Years ago

https://ift.tt/3ilZpYo

Submitted October 01, 2021 at 02:13AM

I spent hours on "shitcoins" subreddits and their community platforms and wrote down what all of them have in common

After spending hours on their community platforms this is my conclusion:They are putting too much attention on the price over ways "shitcoin" could be actually useful in real worldMostly their websites have vague information about goals and usually it is followed by graphics with astronauts, moons, stacks of money, people climbing to the clouds, flying in a spaceships etc.I have a feeling that 90% of them didn't read the white paper, and the ones that did and saw that "shitcoin" white paper doesn't cover any real world use are being downvoted to eternetyWhen you ask them why you should buy "shitcoin" their biggest focus is on how the seller's fee and manual burns of tokens should be good for the priceShilling their "shitcoin" from a celebrity who has no idea about cryptocurrency is presented as a valid reason to for buyingThere is atleast one post of someone going ALL IN on the "shitcoin" and most of the people are acting like it is the next best thing right after the Bitcoin. The ones who don't think the same way are getting downvoted to eternety in old fashioned wayThe coin is the most undervalued project...this counts if there is actually a project behind it, if there is not they will keep talking about manual burns etc.All of their community platforms like Telegram, Discord, Viber, WhatsApp etc. are full with memes, pictures, and jokes. Any serious question goes unoticed in purgatory.Any red flag, like an enormous drop in price when everything else pumps is justified with a "great time to buy the dip"Their devs team are crypto gods, and they possess knowledge like nobody else in the worldAll the flaws in the coin are ignored while any good thing is celebrated like it is going to change the world to better at that very momentDon't let the early returns fool you. Trading shitcoins is as risky as it gets. Nobody here likes shitcoins. The people who love them are the ones that will buy the coin as soon as it launches and get out as soon as they can. People who are telling you to HODL are probably the ones that are too deep in it to sell at loss. They want you to stay so they can get out.Holding shitcoin for a long term will most likely result in a loss of money - Losing money made me wiser, take this seriously even if I am not your financial advisor.

Submitted October 01, 2021 at 04:32AM

Out of 3.5m users on this subreddit only, 114k have opened up a vault to gain Moons - Thats only 3.25%

According to this source we currently have 114153 Moon Addresses.On this subreddit we have 3.5m users. So only 3.25% have opened up a vault.Each month Moons are getting distributed to the users based on their earned Karma.You gain Karma by getting upvotes.In order to farm Moons, you need to open up a Vault first.If you haven't opened up a Vault, you are missing out on free Moons.You can earn quite good pocket money just by participiating in this sub.Just open a Vault here, it's simple, fast and free.______________________________________________________________________________________________The last post got deleted because it contained the current price of a Moon and price discussions about Moons are not allowed.

Submitted October 01, 2021 at 12:18AM

Powell Says Fed Has 'No Intention' to Ban Cryptocurrencies

https://ift.tt/2Y5Iout

Submitted September 30, 2021 at 11:13PM

Moon Week 18 - New Governance Polls, the Latest Distribution Proposal, and the State of the Subreddit

Hello everyone and welcome to Moon Week for round 18 of Moons!Moon Week began yesterday with the snapshot post by the admins. Check out the post and comments to see how many moons you'll be getting next Wednesday at the end of Moon Week.To give exposure to our governance polls for the month, this Moon Week post will remain pinned to the top of the subreddit until the distribution post next Wednesday. Please review the following important information and frequently asked questions first. Each month we have dozens of questions about these things even though they are answered right here:If you can't see polls or vote, or have any other issue, try again later or from a different platform (different browser, app, mobile, or desktop). These glitches usually resolve themselves within a few hours, but let us know if it hasn't after a day or two.You can't change your vote so make sure you read the full post and discussions, and ask any questions you have before you vote. There are people wishing they voted differently every month and you have several days to vote so there is no need to rush it.Do not harass poll authors, tell people to cast a certain vote, brigade polls, or derail discussions.You get a 5% moon bonus for voting in at least 1 poll, plus an additional 1.25% for each additional approved poll due to this recent proposalYou will also get a special badge for a week after voting in a governance poll. These are visible in the reddit app and new.reddit. If you have voted and yours is not showing, you may need to enable it manually by clicking your badges and looking at the Achievements tab.Successful polls are implemented whenever the mods or admins have a chance to do it. Usually this is within days or weeks of the poll passing, but depends on workload, priorities, and complexity of implementationHere are your polls for round 18 of Moons:Implement numbering of proposals (CCIPs)Require minimum post and comment body length of 50 characters to qualify for moonsFor more information about Moons, please see our wiki page here.Happy voting!

Submitted September 30, 2021 at 10:51PM

A Bitcoin whale just bought 47 cents of Bitcoin.

You can check his wallet here. The whale currently has 112,764.59 BTC and just bought 47 cents more today. This is extemely bullish, because if a billionaire thinks it's worth his time to buy 47 cents of BTC, he must be thinking we can go to 1 million per Bitcoin soon, to make it worth his time.So if you can afford it, I would recommend to also buy at least 47 cents of Bitcoin, because it seems like he knows what he's doing. (In the past week he bought about 500 BTC by the way).But on a serious note, it's usually a good sign to see whales buying, because they make the price go up and down for the most part. Hoping for at least a new ATH by the end of the year, I think that should be doable.Ps. This is not financial advice, if you lose your 47 cents, don't sue me

Submitted September 30, 2021 at 10:07PM

Switzerland approves bitcoin and cryptocurrency investment fund for the first time

The Swiss financial watchdog FINMA (Financial Market Supervisory Authority) has approved the first investment fund that will invest primarily in cryptocurrency. This is what news agency Reuters wrote on twitter today.https://preview.redd.it/96h6smt65mq71.png?width=544&format=png&auto=webp&s=3e724260bc960525b5fc82066085a45e53376db0While this is some great news, there is a small catch:FINMA says the new fund, the Crypto Market Index Fund, is only available to qualified investors and falls under the category of "other funds and alternative investment funds," and therefore carries certain risks for customers. By certain risks, FINMA means higher risks.

Submitted September 30, 2021 at 04:56PM

Do NOT buy ALGO on Binance if you want to participate in the governance program!!

To participate in the Algorand governance program, you need to deposit your Algo in one of the supported wallets.Binance has conveniently disabled ALGO withdrawals a few days ago by putting it in “maintenance mode”. Up until today it said withdrawals would be re-enabled on 30 september. I just checked again and now it says 15 October.Maybe they’re scared of a large Algo outflow? Smells of manipulation.Anyway, don’t buy ALGO on Binance, you won’t be able to withdraw to the supported wallets for the governance program. Be warned!

Submitted September 30, 2021 at 07:07PM

Tether Finally Wins The $1 Trillion (!) Lawsuit Regarding Manipulation

https://ift.tt/3CWDxLa

Submitted September 30, 2021 at 05:06PM

I made an open source crypto trading algorithm that can notify of new listings before they're live on Binance

It's been nearly two months since I started working on this project and I feel like I'm finally ready to run this live, as my testing showed this strategy to be profitable.Here's what I learned during my time testing and developing this crypto trading bot:The algorithm’s achievable minimum speed of execution is 0.1s. Anything quicker will incur a temp IP ban from the Binance API.The algorithm buys at the peak of the initial listing even at 0.1s of the coin being listed so buying it not profitableMargin sell orders work in theory, however in practice, most new coins are not immediately listed on margin/futures (found a workaround though)With those findings in mind, I had to re-think the way the algorithm works and how it can take advantage of the price jump for initial coin listings on Binance. In case you're not familiar with the behaviour that I'm referring to, have a look at this initial coin listing chart:https://ift.tt/2Y1UR26 coins seem to experience a massive surge in their price at the moment of listing (usually lasts under 0.1 seconds).I first built this bot in order to exploit this phenomenon, but even with a minium achievable speed of 0.1 seconds, this was not profitable, as it was buying at the peak. So I decided to reverse the orders, by placing sell orders instead of buy. Lo and behold this is actually making money!11% profit on USDP listing (a stablecoin no less) and 50% profit on GALA.The testing showed that shorting coins at the moment of listing is actually profitable, now I just needed to find a way to actually do that when live.So I made it so that the tool sends you an e-mail when Binance announces that they will list a new coin. Giving you time to buy it from a different exchange and deposit it into your Binance account. The code will take care of the rest.Here's a video on how it works: https://youtu.be/qqXQgwuFI8sSource code is available here: https://ift.tt/2Y0KyeS finally, a guide on how to use it: https://ift.tt/37S6Jpa

Submitted September 30, 2021 at 05:42PM

Want to see what a rug pull looks like?

Too many people thinking a regular pump and dump is the same as a rug pull. It's not.To give an example - a s*itcoin named Lightcoin was trending/best gainer on Coinmarketcap a few days ago. Had a solid 50% daily pump. 40mill marketcap. Out of curiosity, I check it out, and see all the standard s*itcoin elements: most information can be found on r/cryptomoonshots, made in March 2021, dumped in April 2021, "we have the best community", 10% tax (in and out), some mumbo jumbo on their page, you know the deal.So I keep following it. Today I see the price has pumped for another 20%. CMC page looks good. Then I check out a site called poocoin (you can presume the reason it's called poocoin, as it shows data on all BSC tokens/s*itcoins). It has some solid info, such as LP (more on that a bit later), number of holders, charts, recent txs etc.Now for the kicker: though today the CMC page shows healthy, sustainable growth through the last 7 days or so (even today), poocoin paints a bit different picture.https://preview.redd.it/bpmkm86bklq71.png?width=1904&format=png&auto=webp&s=2b85d9443e6d17e7bcfd0e94f0b993b4a5cc3769I know, the red candle of death is a sight to behold. But notice the numbers on the left. Mcap from $30mill to $175k. Liquidity pool is $1k. Over night. This is what a rug pull looks like. All (well almost all) liquidity is drained.Just for comparison, this is your regular pump and dump or sell off by early investors/devs. Same coin, March and April. Not rug pull, because liquidity was still there (for the time being).https://preview.redd.it/aj1ah8k5llq71.png?width=1217&format=png&auto=webp&s=77fcc87401a357043ac9d2dde941366d8c59e691TL; DR: don't invest in s*itcoins on the BSC (or anywhere for that matter). If you really want to gamble, gamble in a place where at least you have 1% chance of winning. With these coins/tokens, there is none.EDIT: an hour later, THE ENTIRE LIQUIDITY is at $600. Mcap fell to $62k. Bogdanoff twins look at this and say "Man, that's rough".On the other hand, Coinmarketcap is still blissfully unaware of the situation, as the coin there takes the #1 trending spot, 1 day chart shows a healthy pump (20%), 7 days the same (the only thing that shows this red candle is the 1 and 3 months chart, where the candle of death is shown (albeit weirdly). Call me paranoid, but I don't trust the people at CMC anymore.EDIT #2: as /u/hoanglpr rightfully pointed out, this may be a case of migrating to a new token. The new token shows up at the same time as the last one stopped working. Mcap is at $55mill, LP is at $1mill. If this is all true, my apologies to the team. I'll give them the benefit of the doubt, though if the last few months following tokens on BSC have taught me anything, this is just prolonging the inevitable.

Submitted September 30, 2021 at 03:07PM

Has Anyone Bought Bitcoin at a Ridiculously Low Price and Actually Managed to Hold Up to This Point?

One of the things you’ll hear most in the crypto space is people ask themselves “what if I had bought BTC back when it was $100, $10, $1, etc,” and not just BTC, but any number of coins or tokens. Obviously, with the price of BTC where it is now, it’s hard to imagine that it was ever as low as the examples I gave, let alone that people actually bought and owned BTC at those prices. Yet, for BTC to have come this far, people had to have been buying, mining, and utilizing BTC since its inception when it was below even a dollar.With this in mind, is there anyone in this sub that actually managed to buy/mine BTC (or really any crypto), at a very low price relative to where it is now, and actually continued to hold despite the gains?Stories of paper handing away low Dollar Cost Averages are also appreciated.

Submitted September 30, 2021 at 11:46AM

The First Reddit Dogecoin Millionaire is no Longer a Millionaire after Losing Up To $150K each Day and not Selling Anything

https://ift.tt/3uqXkzf

Submitted September 30, 2021 at 01:35PM

Bitcoin Millionaire Transfers $206 Million Worth of BTC to Binance

https://ift.tt/3m5WyE6

Submitted September 30, 2021 at 01:09PM

HODL is a strategy only works if your coins will suceed in the future

Okay I have a confession to make. I used to invest on shitcoins, scamcoins, lottery and charity coins, etc. This is during May. One of my biggest success was Bonfire, I invested ~$100 when the market cap was $20mil and watch it grow to $500mil in a matter of a week.My $100 became close to $3,000 but ofcourse I didn't sell a dime because the roadmap is crazy good (duh) and the AMA was reassuring. Then the May crash happened. I watch my investment shrunk to $2,000 then to $1,000 and then back to my original investment. I felt terrible but who will sell just to breakeven right? Even more so their telegram group scream "HODL" in solidarity which encourages me to wait it out.Fast forward in Sept, just 2 weeks ago the devs announced that they will abandon the project and create a new token instead. This is because they can not change the transaction tax and creating NFT marketplace inside the ecosystem would not be feasible by it. In the light of such news the price dumps even more. What worse is that the devs did not promise to issue 1:1 migration which should at least help ease the current holders pain, they just say "fuck it, you are on your own. We sold our bags and move on."Safe to say I won't be selling my now $20 worth of coins but you should not feel discouraged to take profit here and there especially if what you're investing is a shitcoins or really small cap coins no matter how bullish or how much faith you have in the project. I lost money but that doesn't mean you have to as well. sometimes HODLING will leave you to become eternal HODLER.

Submitted September 30, 2021 at 08:53AM

'It Is Not Possible to Destroy Crypto,' Elon Musk Says

https://ift.tt/3oov3Z9

Submitted September 30, 2021 at 09:14AM

Some perspective: if you bought near the all time high and now your ADA/VET/ONE/ERGO/MATIC/etc is deep in the red, you're still in a massively better position than the millions who chased shitcoins that don't have a purpose

I was feeling down today and blamed myself for FOMO-ing near the all time highs, when I realized there are millions of people in much worse shape (and made worse decisions).Most of my coins are down, but at least they're legitimate projects with real world applications and committed teams. The sun will shine on them again as long as development continues.But people who got into SHIB, that lunar-based coin with a cool logo, and the poor misled souls over at cryptomoohnshots are just fucked.They have 0 development that doesn't center around "hype". Their only chance of making a profit is if the entire crypto market rises again, and at that point all coins are going to rocket up anyway.I realized that as long as I hold non-shitcoins, I have a massive leg up. ADA, VET, ONE, ERGO, MATIC, etc. have enough merits to jump on their own.All I need to do is let them continue on their path.

Submitted September 30, 2021 at 07:44AM

China Outlawing Crypto Transactions is Backfiring: Chinese People turn to Decentralized Exchanges and Underground Projects with no Control of the CCP

https://ift.tt/3ur5LKN

Submitted September 30, 2021 at 07:21AM

U.S. should do 'exact opposite' of China on crypto, says Andreessen Horowitz's Katie Haun

https://ift.tt/2WohyNw

Submitted September 30, 2021 at 04:48AM

Daily Discussion - September 30, 2021 (GMT+0)

Part of Reddit Bitcoin history - Did you know that the first bitcoin post in the history of reddit was downvoted?

Hi everyone, probably most of you know this story already.Exactly eleven years ago, u/MisterLiberty, was posting the first bitcoin post on reddit and that post was downvoted! Even beneath the phenomenal explanation from this young sixteen-year-old man, people were leaving stupid comments not realizing the potential this young guy sees."So you have to waste electricity to make money? I find the idea rather stupid"He was far too intelligent for his peers and his view of the society was spot on.This is the original post.Sadly, a young genius at that time was misunderstood by his generation and even the older one

Submitted September 30, 2021 at 05:03AM

New Moons Distribution (Round 18 Proposal)

Update (9/29): Following this poll, a new rule disincentivizing too many posts and comments in a day has been implemented starting with this distribution.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 2021-09-01 to 2021-09-28. 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.In order to pass, the winning option in the poll must meet the decision threshold (minimum number of Moons in support). If it is in favor of the change, 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 competing 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 2021-10-06. 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 with a registered Vault will receive Moons directly into their Vault. Other users will receive their Moons when they create and register a Vault.

Submitted September 30, 2021 at 06:05AM

‘I destroyed my life’: Uniswap trader spends $9,500 in fees on $120 transaction

https://ift.tt/2Gy7jyd

Submitted September 30, 2021 at 02:25AM

Lets play a game!

I have been a lurker for quite a while and I can reckon that there alot of people, on this reddit channel, that knows alot about crypto.I want to test your knowledge!How? You ask.I will post three charts (1Month) from random tokens of the top 100 and I want you to guess what it is, just by is 1Month chart.Off Course, I will give you some tips, but trying to not make it obvious.So lets start.First OneThis one is a technology that lets you send cryptocurrency to anyone for a "small" fee. It also powers applications that everyone can use and no one can take down. Also to make it easy, because its the first one, this one is on the top 10 of all cryptos.I hope this doesn't make it to obvious (xSecond OneSo the tip for this one : ****** is a digital asset built for payments. ( Maybe this isn't a good tip, cause most of them want to be used as payment. So let me give one more.)****** can be sent directly without needing a central intermediary, making it a convenient instrument in bridging two different currencies quickly and efficiently.I think this is enough for the most wises among us.Final OneSo for the last one I really want to make it harder so the tip for this one is : Is one of the top 100!To play just comment like this:1- Token name2- Token name3- Token nameJust a quick disclaimer: I don't own any of this tokens, just want to make something fun for the community. And don't be afraid to fail, is just a game.If you like this, I will try to make a new one and I will show the response to this game in 24hours from now!GL everyone(PS: Before someone asks, I'm using an App from the Useless Company, its really simple and easy to use for someone like me who doesn't need much, you should check it)(PSS: If you like this type of posts, or want to make some changes just tell me!)(edit: First Image was from 1D not 1M)

Submitted September 30, 2021 at 02:13AM

I am now mining with green energy produced by my shit. I am saving $2k in electricity bills. [A free guide]

Step 1: Burning Dried Shit for Steam Combustion.Get your shit and if possible your family/neighbor shit. It all depends on the quantity of electricity you need to support your rigs. Sometimes you may have to purchase it. However, if you can find a local dairy farmer who isn't using their cow shit, they may give you some for free for your project.Step 2: Dry your shit in the sun or with a specialized manure dryer.Sun-dry it to burn for a simple combustion engine, flatten it into small patties, and lay it in the sun for 12-24 hours to dry. For a large-scale project, use an industrial dryer to remove the moisture from large quantities of dung. If you're using an industrial dryer, be sure to follow all operating directions and do not overfill the dryer. This can cause dangerously high temperatures and lead to unwanted smelly fires.Step 3: Burn the dung below a reservoir of water to boil the water and produce steam.Depending on how much dung you're burning and the amount of water that you're heating, this can take up to 24 hours for an industrial-sized steam combustion process.For a small-scale example, it should take around 15-20 minutes to heat 2 gallons (7.6 L) of water until it produces steam.Step 4: Use the steam from the boiling water to turn a turbine connected to a generator.As the steam rises off of the water, harness it in a tube to transport it to a turbine. The steam will rise in the turbine, causing the shaft to turn. The turning shaft will power a generator, producing electricity.A smaller turbine and generator will produce less electricity than a larger turbine and generator. The larger the turbine and generator, the more dung, water, and steam you will need to produce electricity.Right now I can only produce around 860 Watts per hour. It all depends on the quality of the shit I collect and what people eat. Let me know how I can improve my setup to improve my electricity output.Edit 1: people asking what i mine? I mine dodge coin and safemoon.

Submitted September 30, 2021 at 01:32AM

The "debt limit" has been raised 78 times since the 1960s .What's the point of having a limit that's raised every 9 months on average? It will be raised again this time. USD is the best fiat shitcoin in the world. It lost 'only' 86% of its value over the past 50 years.

https://ift.tt/39LeluF

Submitted September 29, 2021 at 11:28PM

Within a week, Celer Network's cBridge transaction volume doubles to $200 million.

I first learned about Celer Network two weeks ago and was astounded when I read this article. Celer's cBridge 1.0 accumulated $170 million in the span of two months and now Celer's cBridge 2.0 Volume has raised $217 million in just one week.In cBridge 2.0 Celer Network made major upgrades. They extended the SGN to support two different bridging operation models that can cater to LPs and users with different preferences, It can support much larger transfers, and they made it simpler to use plus many more.Any thoughts about this?

Submitted September 29, 2021 at 08:42PM

We are often frustrated at non-crypto people seem to hate crypto, but let's be real: we are in crypto and we can barely stand each others.

70% of this sub thinks Safemoon and cryptomoomshot members are annoying little kids with $100 to their names hoping to be the next Barren Wuffett.70% of the Safemoon sub thinks this r/cc is full of boomers that loves 0.5% APR.70% of the ADA sub thinks Chuck Hoskinson is Jesus Christ incarnated.99.9% of the Ethereum sub thinks Chuck Hoskinson is a snake oil salesman.70% of ERG holder thinks they're holding "the next ETH".99% of all bitcoin sub thinks non-bitcoin crypto are all scamcoins.70% of new crypto holders don't even have any bitcoin because they got turned off by the annoying boomer btc maximalism attitude.80% of xrp hodlers think they're real crypto.70% of r/cc thinks xrp is a centralized banking Trojan horse.And so on and so forth....Also don't forget:80% of all statistics are made up and pulled straight out of somebody's asshole.99% of all posts on these subs are moon farming attempts by desperate sad fucks.70% of all posts with numbers and "percents" are flat out wrong.

Submitted September 29, 2021 at 11:16PM

Reminder, do put all of your savings into crypto

I don't know why but people are still not putting their life savings into cryptocurrencies and crypto tokens, like dude, crypto is a risky asset, you can have huge gains from it but it is still NOT TOO RISKY to put all of your money into it!Remember the gains in April? This can happen anytime soon! So please put only the amount you have in your savings accounts!!!If you have no problem gaining 1 million dollars then fine, put a million into some token or whatever but if 1 million is all that you have, put it all in crypto!I repeat, DO PUT ALL OF YOUR SAVINGS INTO CRYPTOCURRENCIES!!!Don't be stupid, be a smartie, come and join the "I am a reasonable fat gains or nothing" party!(THIS IS OBVIOUSLY A JOKE, ANYONE NEW TO HERE OR CRYPTO DO NOT DO THIS WITH YOUR MONEY YOU WILL END UP POOR, FAT AND SINGLE)

Submitted September 29, 2021 at 06:48PM

For the first time in history a website is being hosted on a decentralized sharded network. Web3.0 is here, and it's running on crypto. Details in comments

https://ift.tt/3kOfZlw

Submitted September 29, 2021 at 08:21PM

El Salvador’s President, Nayib Bukele Shared A Video That Shows First Steps Of Building The Most Awaited Volcanic Geothermal Bitcoin Mining Facility

https://ift.tt/39MpcnQ

Submitted September 29, 2021 at 07:03PM

Rapper Lil Uzi exposed for Promoting Rug Pull Scam: Now He is Quietly Deleting his Tweets about It

https://ift.tt/3kQQxM3

Submitted September 29, 2021 at 07:36PM

Not having enough FIAT to invest in crypto feels bad

I do a work with a lot of responsibility but the people i work for are basically slavers and pay a misery.Now let's add, a girlfriend who lives in another city and unfortunately doesn't have a work so everytime i want to see her i have to spend 70-80 euros just for high speed train (one way, 140-160 for 2 tickets) + all other kind of expenses.At the end of the month i basically have nothing left to put in crypto, and this makes me feel bad becouse i know i'm not building my future like this.I know there's people in situations worst than mine, and i feel you. I personally try to save money as much as possible, i also sold everything i could sell that i don't use anymore to have that extra cash to invest.Every little amount we can afford to invest (and to lose, never forget this) is worth, i wish i had those 20k to invest like some of you, unfortunately i don't, so best i can do is build this slowly but steadily.Sorry for the rant, have a nice day

Submitted September 29, 2021 at 05:17PM

New Operating System to launch with Decentralised VPN and Crypto Node software powered by Mysterium

https://ift.tt/3uqkR3w

Submitted September 29, 2021 at 06:00PM

Only 3.25% users on this sub have opened up a Vault to gain Moons

According to this source we currently have 113998 Moon Addresses.On this subreddit we have 3.5m users. So only 3.25% have opened up a vault.Each nonth Moons are getting distributed to the users based on their earned Karma.You gain Karma by getting upvotes.Currently 1Moon = $0.16In order to farm Moons, you need to open up a Vault first.If you haven't opened up a Vault, you are missing out on free internet money.You can earn quite good pocket money just by participiating in this sub.just open a Vault here, it's simple, fast and free.

Submitted September 29, 2021 at 04:44PM

Assume the worst. What would you do if the market crashes?

For good reason, given recent news about government shutdown fears in the US and Evergrande/China banning crypto again, there is a lot of FUD about a massive market correction across assets classes and especially in the stock market.It’s easy to say, “I’ll DCA” if shit hits the fan. But would you? Assuming you have a retirement account or other accounts beyond crypto, would you confidently double down after a huge drawback to your net worth?Americans in 2008 and before then, during the dot com bubble, were shell shocked to see their portfolios crash over 50%, erasing the possibility of retirement for a lot of them.What would you do? Double down on your current investments? Try to catch something you’ve wanted on sale? Wait to see if the dip dips more? Call it quits and exit?It’s worth considering what you’d do when the going really does get tough.

Submitted September 29, 2021 at 10:23AM

The #1 reason we won’t be entering a bear market

Okay so I see speculation that we’re entering a bear market, but I also see “analysts” saying we’re still in the Bull. - Here’s my analysis, it’s probably the best one yet. Here’s why we’re not entering a bear market. - Winter is coming, yes. Winter will be here shortly, therefore it’s bullish. Why is it bullish? Bears hibernate during winter. - Therefore they cannot short anything during hibernation, therefore only bulls can long and pump everything. - Therefore, winter is going to be the most bullish time for us. Sometimes you need to take a step back from “golden crosses” and “death crosses” and just do some studies on nature bruh.

Submitted September 29, 2021 at 10:55AM

Five Ways Crypto “Disrupts” Silicon Valley—and Innovation Itself

https://ift.tt/3EZBJTw

Submitted September 29, 2021 at 09:34AM

First Ethereum Node has been Launched to Space, Now Installed on ISS

https://ift.tt/3kRVxjM

Submitted September 29, 2021 at 07:22AM

Facebook wants you to Trust them and Use their upcoming Crypto Wallet: Worse than Robinhood?

https://ift.tt/3F0GAnr

Submitted September 29, 2021 at 08:14AM

El Salvador has started mining Bitcoin using the renewable energy from Volcanoes

A government mining Bitcoin with clean volcanic energy. Am I dreaming? It’s incredible how ahead of everyone else President Bukele is. El Salvador is at a massive advantage as Bitcoin spreads across the world at an exponential pace.Most politicians are all talk and no action. So, pleasantly surprised. The rest of the world will understand the importance of this.The video of Bitcoin mining with volcanic energy was posted by president Nayib Bukele on Twitter.Here is the link: https://twitter.com/nayibbukele/status/1442949756993490945?s=09El Salvador moving towards being Richest country in the world.More adoptions are likely going to follow in future.

Submitted September 29, 2021 at 09:09AM

Tesla CEO Elon Musk says US government should avoid regulating crypto

https://ift.tt/2WjJZMv

Submitted September 29, 2021 at 05:38AM

Elon Musk suggests China's cryptocurrency crackdown is related to the Communist Party maintaining its grip on power

https://ift.tt/3ihn5x1

Submitted September 29, 2021 at 05:13AM

Daily Discussion - September 29, 2021 (GMT+0)

We were all noobs once, If someone asks a question that sounds stupid. You should answer without belittling them

I know most of us know about market cap, supply and tokenomics etc, but most of the beginners don't. If someone asks you about ADA reaching $1000 you should calmly make them understand about the market cap. Making fun of the noobs results in them being defensive about their position. This also makes us look toxic. We all should encourage them to research more. This will create a friendly environment and we won't be known as toxic crypto bros. Remember the goal of this community should be to get as many people on board with us so everyone can benefit from this incredible space.

Submitted September 29, 2021 at 06:13AM

Is this the final shakeout before the parabolic move?

Does anyone else feel this could be the final shakeout before the typical end of cycle parabolic move?I feel everyone was waiting for September to close with a slow turn to the upside for the coming months. Which makes me think that whales and those with a controlling interest, would want to bleed the market a little further. Also, the uncertainty in China and uncertainty with the Fed tapering is causing a risk off mindset.What do you think is the main factor?Obviously, we don't know shit about fuck.

Submitted September 29, 2021 at 01:02AM

“Wells Fargo gets $72M fine for overcharging customers” yet crypto is the real problem 🧐

https://ift.tt/3oekF6c

Submitted September 29, 2021 at 01:07AM

SHIB, Safemoon and all the meme coins are going to produce eternal bagholders in the future

As someone who made the same mistake in 2017-2018. I'm going to be very honest all the HODLers of these meme coins are going to be very dissapointment when they're worthless a year or 2 from now. If you guys remember in 2017 bullrun there were many hyped tokens, some of them even did 100x in weeks. One of them was DBC (Deepbrainchain). I bought the top at $0.60 and held it to almost $0.005. YES, that's almost 99% loss. It taught me one thing never hold these shitcoins for more than a few weeks or in some cases a month or 2. There are many red flags regarding both Safe moons and SHIB but the delusional HODLers will convince you to hold and even buy more while the price plummets. You might get a chance to walk away with some profits or even breakeven. Devs have already started dumping these tokens, even they know once bear market comes these coins will be worthless and create many bagholders.

Submitted September 28, 2021 at 11:52PM

I'm officially back in the red again and it's okay.

Hi everyone, with the red charts today, I'm officially back in the red. My all time gain is negative. My months worth of crypto gains is lost.And you know what? It's okay. I'm fine with it.6 months ago i would've freaked out cuz i was balls deep in shitcoins. Got rugpulled, got honeypotted. I was dumb, but i listened to the advice of you guys here.Now, Im in proper projects, and I'm staking anything that can be staked. I believe in the projects i hold.I may be down temporarily, but I know it's a cycle. We'll see green pasteurs again. I've not put in more than I can lose either.I'm gonna continue to dca and hold. Whether we dip further or my investments go to zero, I'm gonna ride this all the way to the end.Hope this is some consolation to any of you newbies out here freaking out.DCA, dont invest more than you can lose, stake anything that can be staked, and enjoy the ride.

Submitted September 28, 2021 at 09:50PM

A SafeMoon whale sold almost 2T token today sending the price everywhere else but the moon yet people in the sub still call it a buying opportunity

As shown in the picture a SafeMoon whale has just sold a huge amount of tokens which made the price go down by around 15 % continuing the downfall.https://ift.tt/3Fa8E82 people in the sub don't really seem to have a issue with that and advice each other to HODL and buy even more... Why do you think that is? Is it because they are invested into it too deep and try to throw the water out of the sinking ship or is it just blindness at this point?No matter what I will watch the price and lean back since I did not invest in it at any time even though many "experts" on Youtube wanted to make everyone believe otherwise...

Submitted September 28, 2021 at 11:24PM

Got a scammer to send me 0.00003198 BTC - Here's how!

This is my step by step method of scamming a scammer with excerpts from our chat. Enjoy!Full chat here: https://ift.tt/2Y7FdCL here: https://www.blockchain.com/btc/tx/e49f7b2b5b69648a851eb6575595e749371f6bc40d1098593c0dafd4937e3b3aStep 1 - Check user's profile and accept the chat.0 day old account with no karma = scammerStep 2 - Pretend to be rich and dumbHim: "I'm a certified Bitcoin analyst and Crypto Miner with a few years of Mining experience. What about you?"Me: "Just a noob who got lucky from buying some BTC years ago for fun"Him: "Am guessing you know a lot about bitcoin"Me: "Not really. Just that what I got is worth waaaay more than I got it for!"This kicks in the greed that blinds himStep 3 - Pretend to be interestedHim: "...I got some good business ideas to share with you if you don't mind"Me: "Pitch it to me"Him: "Have you ever thought of earning $15,000 within five days with just a minimum start capital of $2,500 with bitcoin mining investment"Me: "That sounds awesome"Now he's excited that I'm falling for itStep 4 - Give only vague personal detailsHim: "But where are you from?"Me: "I'm from Ohio, I'd rather not say more"Just in case there's any social engineering at play.Step 5 - Keep the chat in redditHim: "This is a Money-Business I can't talk on Reddit account that's 100% Hackable from afar/distance, I'd advise we move on to a different platform that is 100% secured..."Me: "I'd rather stay here"Him: "...but if we text on WhatsApp we can still get a chance to FaceTime... We'll also have a fast conversation on WhatsApp"Me: "Yes I understand but I will stay here"Keep the conversation at my pace on my terms without giving more personal information awayStep 6 - Let him jabber on about his super legit money business and stay interestedStep 7 - Turn the conversation towards trustHim: "In order of Commencing your trading, I would like to know how ready and Serious you're about Investing and earning good Profits with bitcoin mining."Me: "I'd want to know you're serious as well, and that I can trust you"The seed has been plantedStep 8 - Reiterate that I'm rich and keep him greedyHim: "So in essence, you'll need to buy or own bitcoin in other to generate more and you'll need to have a blockchain wallet downloaded in other to do so."Me: "I've got a Metamask wallet with 6.9 Bitcoin so I think we're covered there"Can't resist 69 referencesStep 9 - Recognize the scamHim: "You can only mine bitcoin with blockchain wallet and not any other wallet. Once it's programmed to the Antminer Device, your blockchain wallet can now mine bitcoin that are in it... If you'd like to mine bitcoin or find this interesting, you only need to worry about getting bitcoin and a blockchain wallet, that's all."Me: "You said I didn't need to send any Bitcoin anywhere, but that's not true. I will need to send Bitcoin to the new wallet."This puts tension on the seed of trustStep 10 - Reiterate the need for trustMe: "How can you show me that I can trust you to send that Bitcoin to the new wallet?"Him: "You can trust me and am way too old for games"Watering that seed of trustStep 11 - Bring it all together with incentive and an ultimatumMe: "Someone else is messaging me about a very similar investment where I can simply connect my existing Metamask wallet without sending Bitcoin anywhere. I would rather choose you. So I think the way I can know that I can trust you is for you to send me a tiny amount of Bitcoin first. Then I will send my large amount of 6.9. Can you send 0.0000069 Bitcoin to my address? If not, I will choose the other investment since it's easier to trust."Now he thinks he'll lose out on 6.9 BTCStep 12 - Stand your groundHim: "I won't try to convince you to do this or trust me, trust is earned and I know very well that you're gonna thank me much later for my good Mining strategies."Me: "You are correct to say that trust is earned. So earn it from me."Him: "Earn it by how"Me: "You send me 0.0000069 BTC and I will invest 6.9 BTC. I'm the one taking on risk here, not you... Otherwise I will choose the other investment where I simply connect my existing wallet. They are very excited for me to join them, but you talked to me first"The pressure is high, the need for trust has blossomed, and the hook is setStep 13 - Enjoy the sweet spoils of victoryHim: "Let me have your wallet address"I give it to him and he takes the bait! Then I say this after the transaction is verified:Me: "When you realize what just happened, you'll experience the same feeling everyone else has had that's fallen for your scam. I just wish it were in proportion to the amount they lost."BLOCK USER.

Submitted September 28, 2021 at 10:19PM

Top 10 countries in the world with most crypto users..

Country NameNumber of Crypto OwnersPercentage of Population10. Kenya4,580,7608.52%9. Ukraine5,65,88112.73%8. Vietnam5,961,6846.12%7. Indonesia7,285,7072.66%6. Pakistan9,051,8274.10%5. Brazil10,373,1874.88%4. Nigeria13,016,3416.31%3. Russia17,379,17511.91%2. USA27,491,8108.31%1. India100,740,3207.30%KEY TAKEAWAYS :India is leading the crypto market with astonishing 100 million users which are 2x more than USA, Russia & UK combined.Ukraine has the most crypto users in terms of % of population, 12.73% followed by Russia with 11.91% of their population being in crypto.Have your country made to the list?Edit : Source https://ift.tt/3AHiprb

Submitted September 28, 2021 at 07:58PM

Blake Masters Who Is Running For The GOP Senate Race To Represent Arizona Says US Government Should Buy Bitcoin To Counter China Crypto Ban, Announce His Campaign Now Accepts BTC Donations

https://ift.tt/3CXe4Bn

Submitted September 28, 2021 at 07:15PM

Evergrande has near US$50 million payment due tomorrow

https://ift.tt/2ZIgMMR

Submitted September 28, 2021 at 05:46PM

Crypto is not your only chance

There are a couple post here that has the sentiment that crypto is the only road to riches. Given crypto's astounding track record and astronomical returns, it is not hard to see why. However this mentality is dangerous and limiting, as there are other viable investment opportunities out there. I am not dismissing crypto's endless potential as crypto has a decent proportion in my investment portfolio.Stocks, along with Bonds, are traditionally the slow and steady road to riches. The great thing about stocks is that even though it seems scary with so many different companies to choose from, there is no need to go in deep as simply buying an index fund ETF like S&P500 or MSCI World Index has shown to perform better than the average managed funds. There are definitely opportunities to pick stocks on companies that you understand well and get solid returns, but like I said, there's no need for it as a simple passive investing strategy of buying ETFs consistently over time will suffice. Even though the returns aren't as stellar as crypto, it is much less volatile and has a much longer proven record of over more than hundred of years of long term returns. Instead of throwing everything into crypto, it's better to have some allocation into stock/bonds for diversification.Investing in yourself, learning new marketable skills like design, coding, marketing etc., getting a trade certification, buying workout equipment, getting a gym membership is also be highly valuable as improving yourself not only allow you to earn more, which you can then invest more into crypto, and having a more fulfilled and more healthy lifestyle will allow you to enjoy the fruits of your investment and labour.There are also plenty of other investing options like real estate, gold/silver, and starting your own business, each with their own characteristics and risk/reward that can be considered too. Like the internet and crypto, who knows what innovative new opportunity is going to arise?My point is crypto is not the only road to riches, and it is important to keep an open mind and take up any opportunities that arises, but don't forget to do your due diligence at all times, or like this sub like to call it, DYOR.

Submitted September 28, 2021 at 06:42PM

Would you return $22mil in ETH, if it were sent to you by mistake?

So, as you know, recently Bitfinex spent 7,626ETH to send 100k USDT to Diversifi. I know, I know, jokes are there, gas fees are high, I have probably spent more than that paying gas fees for buying meme coins on Uniswap etc.I'll try to keep my personal feelings on Bitfinex (and the fact they are a part of the biggest reason of BTC volatility due to futures market manipulation) to myself. But the miner returned it. Well, they kept 50 ETH, but let's pretend they returned everything, and do an experiment here.Would you personally return it or not?Reasons for return: we should be better than this. It is morally right. $20mil makes you a target (that's easily identifiable on the blockchain or if you ever communicated with an address on an exchange that does KYC).Reasons for not returning: if I misspell the address or don't check the gas fee cost, it's on me and I should bite the bullet. Why should this not be the case for Bitfinex? Oh, and yeah, $20mil changes life for me and 3 generations behind me.EDIT: thank you for the award(s), please save it for someone that actually has a good, educational post.

Submitted September 28, 2021 at 04:16PM

Bitcoin fear & greed index entered EXTREME FEAR

Bitcoin entered extreme fear levels on a fear and greed index today. Here is a screenshot:Extreme fear (25)Just three weeks ago we were in a "greed" zone with a fear index at 79/100. (7 Sep 21)For some past reference, here is how the fear and greed index was moving in the past year:Fear & Greed index stays between 10 and 90 most of the timeI know you are all here for some hopium so let me tell you that buying the fear is a good practice judging on the past price movements. You have my permission to "buy the dip".As said we entered "extreme fear" which is a fear and greed index at 25 or below - and we are at exactly 25 right now. Historically we went to about 10 in the worst case scenarios

Submitted September 28, 2021 at 04:00PM

Ladies & Germs, I present to you the latest twist in the scam token that is SafeMoon

The whales (devs and management) were selling their bags gradually over the last few weeks and it had come to the point that the price per coin was getting to be pretty much worthless like 0.0000001 - so they came up with a greasy scammy brilliant new twist.They are going to do basically a reverse split but they get super angry if you call it that. In their world it's a token CONSOLIDATION. So, if you had 1 billion tokens you will now have 1 million tokens but instead of 0.0000001 they will be worth 0.0001.The reason that's so brilliantly greasily effective for them is that they can keep selling their bags and run the price down again from 0.0001 till it again adds a few more zeros. Rinse and Repeat.Even though the price per token is close to worthless right now, when you're talking someone who has trillions, even a fraction of a penny can net you good sales proceeds when you dump.Tldr; SafeMoon team doing a reverse split to continue dumping without ppl noticing their coins going down massively in value

Submitted September 28, 2021 at 01:52PM

The miner who got $22.47 million, for processing USDT transaction is refunding the transaction fees.

The tweet from DeversiFi reads:"The blockchain is immutable. But the revolution we are part of is defined by our values as humans.""Thank you to the miner of block 13307440 who we can confirm is returning 7626 ETH that were incorrectly paid today as a tx fee. A post mortem will follow tomorrow."I wonder what caused the bug in the first place but it's amazing to see there are good people in the tech like this. Especially since the miner isn't legally obligated to return the funds.For those who don't know the original story: Bitfinex spent 7,626ETH to make a transaction for sending 100,000 USDT to Diversifi.Sorry if this is a repost, I didn't see any post regarding the update yet.

Submitted September 28, 2021 at 12:19PM

What do you think about Stellar (XLM) being connected to Polygon?

I read an article today stating that NewsCrypto and Polygon will collaborate to improve interoperability and connect the Polygon and Stellar blockchains.With energy efficiency being important nowadays, I personally like Stellar and also use XLM for crypto transfer with its fast and low energy usage per transaction despite the fact that XLM began as coins to transfer money between exchanges.Pair that with polygon, which uses a revolutionary sidechain method to address some of Ethereum's constraints, such as throughput, bad user experience with high speed and delayed transactions, and a lack of community governance, you've got yourself a force to be reckoned with!Due to the huge capacity of both blockchains, the Stellar-Polygon bridge allows for near-instantaneous swaps at nearly no costs which really sounds amazing! Also, by partnering with NewsCrypto, a further $10 billion in value in XLM will be unlocked for usage in DeFi.In terms of transaction speed, XLM is by far one of the most underrated and promising payment-oriented blockchains currently available. They've developed a lot of relationships and have been diligently improving their network.I believe that both Polygon and Stellars time to shine is approaching.

Submitted September 28, 2021 at 11:23AM

Weekly News Summaries - September 26, 2021 (GMT+0)

INTRODUCTIONWelcome to the Weekly News Summaries megathread. Why does this thread exist? Daily news summaries are not allowed anymore since they were viewed as excessive. In response, the mod team created the Weekly News Summaries megathread for consolidating all periodic news summaries. The goal is to level the playing field between contributors while also creating a convenient all-in-one format for readers to enjoy.STRUCTUREAll r/CC rules apply. Only approved contributors are allowed to make top-level comments, ie summaries. Summaries will be sorted by contest mode. This thread will posted every Sunday at 12PM CST and pinned once a week if an open slot is available.Contributors can submit summaries on news articles, coin prices, sentiment, or any crypto related subject. Contributors will post content at their earliest convenience so it might be advantageous if you use the RES extension to subscribe to this thread and find out when content is posted.APPROVED CONTRIBUTORS:u/itachiwritingu/Gotestthatu/Aegontarg07RECRUITING CONTRIBUTORSIf you have a new type of summary and want to become an approved contributor, submit an application in r/CryptoRecruiting. In your application, ignore most of the questions pertaining to mod recruiting. Simply state what your background is, how much account age and karma you have, and what your news summary will be about. Providing a small preview for your summary will be helpful. If your application is not approved, you can do your own weekly news summaries as a separate post.Be advised, this thread is experimental and a work in progress. Expect future changes.

Submitted September 27, 2021 at 01:00AM

Please god lock your sim to prevent your hard earned crypto from being hacked!

I keep seeing more and more stories of people getting wiped out by hackers doing sim swaps.Basically this is when a hacker gets your basic data and contacts your service provider saying they “lost their phone” or similar and getting your sim swapped to a new phone they have. This means they can typically access your exchanges and crypto with the combined info from the hack and the phone access.For IOS all you have to so it go to cellular, sim pin, and slide the slider right and enter your pin. If you don’t know it just contact your service provider and they can do it for you. If you’ve already locked yourself out with attempts they can still set it up for you.What this does (for most providers) is make your provider contact you and obtain a verbal confirmation of your pin along with a second layer of verification. It isn’t completely unhackable but is a much bigger barrier to hacking your stuff.TLDR: don’t lose your crypto to a sim swap, turn on your sim PIN requirement, it is super easy and fast (instructions for IOS above).

Submitted September 28, 2021 at 07:18AM

I have money in Crypto I can't afford to lose, but only because it's safer than my country's coin.

Apologies for the bad English, it's not my first language.As a lot of people already know, a lot of Latin-american countries aren't exactly in the best place when it comes to their economies, more specifically because of inflation and the devaluation of their national coin. We've seen how harsh some crashes can be. Venezuela demonstrated it plenty, and my country Argentina, though not as extreme, suffered a lot as well.I learned about crypto about five years ago, when the worst of our economic troubles were beginning, and it was honestly a saving grace not only for myself but also my family. And funnily enough, I have a redditor to thank for that.A long while ago, before Bitcoin's big boom, I made a comment on a certain subreddit, I don't even remember what it was anymore. But apparently someone thought it was funny enough to deserve an award. So he gave me a lil' bit of bitcoin and told me to "enjoy these couple bucks ;)". I thanked him, but completely forgot about it until a couple years later, when I saw on the news that this Bitcoin thing had gone way up.So I checked the account I'd been sent those coins to, and apparently they'd gone from a couple dollars to around 300. I was amazed. At the time 300 dollars was worth a whole month's salary for some people. So I started investigating, and after educating myself on crypto and the benefits it could have for the future, I decided to give it a shot.Some context. In my country, currently, it is almost impossible to save your money in foreign coins. There's a limit of around 200 dollars you can buy per month, and the government really wants you to have your savings in the national coin, which at that point had started to go waaaaaay down. Over the course of 4-5 years the Argentine peso lost 10 times its value, and now those same 300 dollars would be worth two or three salaries in pesos.And since I was a freelance worker doing gigs for the outside, and since at the time due to national laws my only option to save my money was paypal, which charged insane fees per transaction... I decided to turn to crypto. And it paid off.Without crypto, I never would've been able to save up enough to move out and get my own apartment. Without crypto, I'd have a fraction of the money I have. Without crypto, my life would be so much worse.Yes, it was a huge risk to put a good portion of my money in crypto, but for some people in Latin-america, it's that risk or nothing. Sometimes you have to take those risks to achieve your dreams.Which is why I'm so grateful for crypto, and for the people that helped me out and taught me about it. And especially to the person who first gave me those 2 dollars in bitcoin at the time. That's the real champ.Crypto has changed my life, and I'm sure it'll continue to change it.

Submitted September 28, 2021 at 07:36AM

65% of working Americans are willing to be paid in Bitcoin, Ethereum, and Dogecoin

https://ift.tt/3CSOfSM

Submitted September 28, 2021 at 06:42AM

Daily Discussion - September 28, 2021 (GMT+0)

Coinbase dives deeper into banking by letting users deposit paychecks into their accounts. Deposits can be either be in U.S. dollars or immediately transferred into cryptocurrencies with no fees.

https://ift.tt/39EeYGi

Submitted September 28, 2021 at 02:20AM

I just got hacked on Coinbase (2fa was on)

I’ve been a crypto user for years. I’m strong believer in “Not your keys, not your coins.”But, I was convinced that Coinbase (along with 2fa) was safe enough, for my to stake my ethereum for ETH2.It’s been 3 months, and today someone hacked my account (presumably by spoofing my phone number).I received a text message that my 2FA had been changed. Then within 20 min started getting dozens of emails that the hacker was using my saved bank account to purchase thousands of dollars in BTC. They also converted a few hundred dollars in dust to BTC…and within 15 min….years and years of dedication towards crypto…..GONE.The scammer now has control of my coins, and account….all I can do is wait for Coinbase to respond, and pray that I get my funds back.TLDR- NOT YOUR KEYS, NOT YOUR FUCKING COINS! 😞Edit: it seems likely I got SIM swapped - my cell carrier was recently involved in a huge data leak too. Not sure how they bypassed my Google Authenticator, though…Edit2: I spoke with Coinbase - they credited the $2000 that was stolen from my bank account almost instantly. Of corse, my bank basically told me to get lost and good luck. I genuinely give Coinbase credit for how prompt they’ve been.

Submitted September 28, 2021 at 01:42AM

After the 1000th China's crypto "ban" decentralised exchanges are booming. Looks like perhaps Chinese traders are showing a middle finger to new regulations?

After the 1000th China's crypto "ban" decentralised exchanges are booming. I can't tell for sure where all the trading volume is coming from but I think it's safe to assume that a lot of those users are from China. Perhaps someone with full access to Glassnode can provide some on-chain data to confirm it? But I don't think it's a coincidence that this happened after the "ban". It's been on a rise for the last couple of days not just today.In the last 24h dYdX have seen a +175% increase in trading volume:https://ift.tt/2XTfoFW is up +281% in daily trading volume:https://ift.tt/3uothrZ (never heard of them) +257%https://ift.tt/3kL9IH5 some data from yesterday's screenshot I took:Uniswap +27%PancakeSwap +41%SushiSwap +60%https://ift.tt/39G2pdB

Submitted September 27, 2021 at 11:35PM

What do Gary Gensler's MIT lectures reveal about future crypto regulation?

https://ift.tt/3AMbdKV

Submitted September 28, 2021 at 02:46AM

Anyone else feel like crypto is there ONLY CHANCE?

I have worked my butt off most my life and don’t have much to show for it, injuries and illness have taken their toll and bad choices didn’t help achieve most goals . My paycheques cover my bills but don’t really offer much in the means of security ,and when I’ve had an injury or I’ve gotten sick ; any savings has been depleted rather quickly. I invest in crypto not only cause I believe in it but because that hope that it can give me a better quality of life is really something I need. Anyone else feel like they will never get ahead unless their investments pay off or they hit the lottery or something?

Submitted September 28, 2021 at 12:44AM

Why Stablecoin Regulation or Banning Doesn’t Matter...

It is important to have a complete picture of stablecoins and their continued innovation to understand why regulation will have no effect and not change what is inevitably going to happen, a complete replacement of centralized fiat currency.We’ll cover the uses of stablecoins, legacy banking (business model and asset erosion), how stablecoins work, the advantages and disadvantages of the different stablecoin solutions, how money is made with stablecoins, why they are the target of regulation and what does an unstoppable, regulation-proof stablecoin look like.How are Stablecoins Used?Cross-border payments occur in smaller, closed financial networks requiring middlemen to facilitate these transactions. These middlemen have made cross-border payments expensive, slow and restrictive. McKinsey & Company estimates that the financial system generates $2T annually from these payments. Ridiculous.Cross-border payments are made fast, easy and considerably less expensive than legacy banking systems by using stablecoins.With stablecoins, you can “stay in crypto” without having to go into a fiat currency to store value. This saves time, cost and keeps you in full control of your money because you are no longer in the banking system, while maintaining price stability.Leverage: Crypto-collateralized stablecoins can be used to increase your position in a particular cryptocurrency. If you own ETH, you can “mint” a stablecoin by pledging ETH as collateral to mint a stablecoin. With that stablecoin, you can now buy more ETH to mint more stablecoin and so on. This is a technique to leverage your crypto position.This yield farming concept became popular in the summer of 2020 when crypto traders and stakers were accelerating their returns in staking pools by leveraging up their position (to then stake in proof of stake and liquidity pools).Legacy Banking: Middlemen And The Money PrinterThe entire legacy banking system is built on fees and interest on money they don’t own. Many think that banks accept deposits to lend it back to you at a higher rate. There is more going on here. Banks take your deposits and use that as their reserve requirement so that they can borrow many times that amount from the federal reserve bank. Then, that capital is used for lending to yield much higher returns (because they leveraged up their lending capacity). It is ALL inflation. Meanwhile, you get sub 1% on your deposits.30-40% of all the U.S. dollars in existence today were printed out of thin air in a 12-month period. If the USD was a cryptocurrency, it might be one of the worse ones. With this and the talk of stablecoin regulation, stablecoins backed by the USD may not be so “stable” in the future.With the “bail in” laws passed by the Obama administration, depositors can have their capital seized if their bank fails. This law puts depositors first in line to cover any insolvencies a failed bank will have.It is unfair and dishonest that you may have to pay for a banker’s risk taking and not get the benefit from the endless inflation of fiat currency that is printed out of thin air.Yields in cryptocurrency are quickly eroding at the asset base (reserves they can use to borrow from the fed) of traditional banks. Consumers are moving to much higher yielding cryptocurrency staking to earn transaction fees in liquidity pools and rewards/interest for staking to validate blockchain transactions (Ex. Proof Of Stake Blockchain Consensus).Types Of Stablecoins And How They WorkUnderstanding stablecoin innovation as the race to decentralization continues:1. Centralized and Physically Asset-Backed.Stablecoins like Tether and Paxos Gold physically back their cryptocurrency with USD and physical gold, respectively. You buy these on the open market or supply the physical collateral/USD for these protocols to “mint” new stablecoin. This is a great way to store value. However, centralized systems require faith that 1 Tether actually returns 1 USD when you redeem. Tether has come under scrutiny with claims that there is not actually a 1:1 Tether/USD ratio. Furthermore, systems like this are easily shut down by banks or regulators. Physical asset-backed stablecoins provide an attractive alternative to invest in the cryptocurrency market, while giving you exposure to another asset like gold.2. Crypto-Collateralized.The stablecoin market, then, evolved to take a step to further to decentralization. Stablecoins like MakeDAO use ETH-based cryptocurrencies as collateral to mint their stablecoin. With systems like this, you are not relying on a centralized authority or entity to “back” the stablecoin. It is only you pledging collateral to a smart contract which is public proof that it exists as collateral on the blockchain. This gives you certainty that the system truly has underlying value that can’t be taken away or falsified (like the Tether accusations). However, in times of market volatility, your collateral can be liquidated if the “loan to value” ratio breaks a threshold.3. AlgorithmicPurely algorithmic stablecoins rely on market forces and smart contract software rules to maintain the price of the dollar or whatever asset they are tracking. Terra Luna is a 2-token system (utility token and stablecoin) that allows you to burn one of the tokens to mint the other in times of stablecoin price instability. For example, if the price of TerraUSD is above the dollar, you can burn the utility token for TerraUSD at the exchange rate at the price it should be. Then, you can sell for a profit helping to bring the price back down of 1 TerraUSD equal to 1 USD. Incentivizing the market keeps the stablecoin at the price it should be. Purely algorithmic stablecoins have no underlying collateral. If market forces fail or there are issues with the software code, there is no recourse to get your money back.How do you make money with stablecoins?There are two ways:Leverage and Trading. Staking.1. Leverage and TradingCryptocurrency traders use crypto-backed stablecoins to leverage up their position in a particular crypto as described in the MakeDAO example. This accelerates returns if the price goes their way. If not, liquidation and loss can happen quickly during market downturns.Stablecoins provide a “neutral” position for crypto traders so they can capture profits and be ready for the next trade.2. StakingStaking involves locking up your fiat-backed stablecoins where you will earn interest or rewards. The most well-known staking is in proof of stake blockchain protocols where you earn part of the transaction fees of the network. You could also stake in a decentralized lending platform like AAVE to earn interest or stake in a liquidity pool in a decentralized exchange like UniSwap. In UniSwap, you earn transaction fees for providing liquidity to traders of that decentralized exchange.A Regulation TargetLet’s face it. Regulation of crypto is all about trying to maintain control and the threat to the US Dollar World Reserve Currency status. The US government would lose the ability to print money out of thin air for political control and to loan/donate to countries for “favors” and decisions that could potentially benefit the US.Crypto makes it more difficult to track transactions and people. This is not acceptable to the US government. Biden recently began tracking all USD bank accounts with more than $600, a complete violation of the 4th amendment and many other things.The “infrastructure bill” has provisions where everyone in crypto is a broker and subject to KYC compliance. How can a blockchain developer track who is using software that has been released to the world and has a life of its own (the nature of decentralization)?Stablecoins are the target because the remove the need to go back into fiat, where KYC and tracking can occur. Stablecoins are also widely used. SEC Chairman Gensler said “that roughly 75% of all crypto trades involve some kind of stablecoin”.For the first time in history, we have a technology that has the potential to change the relationship between man and government. This change is in favor of the individual so governments are fighting it.Effects of Regulation OverreachInnovation moves to countries that embrace the change. If the USA regulations go too far, it will cripple the chances of continued financial dominance and move it to other countries. The economic impact of the convergence of a multitude of technological platforms is going to have a 20X+ the impact of the Internet. (Blockchain, Artificial Intelligence, Robotics, Energy Storage and Genome Sequencing) No country can afford to push innovation in this areas to other countries.Blockchain protocol creators go dark and release anonymous projects.Blockchain systems will move further to decentralization and be impossible to be captured.What does decentralized finance mean in this context?Since a stablecoin is a cryptocurrency in the government’s crosshairs, decentralization is crucial. It means that every aspect of the protocol cannot be influenced, seized or shut down by any government, bank or organization. Every part of a defi protocol needs to be capture proof. This makes it a safer choice for many people who want to keep their money safe from governmental interference and manipulation.The process of decentralizationThis is not easy, but it can be achieved by using distributed ledger technology. This is the technology that is used to record transaction history and information on many computers or “nodes” at once. When all nodes are updated with the same information, this data cannot be changed or falsified.This allows for a defi stablecoin to be fully transparent, unchangeable and accessible to all users. As you can imagine, this will be an excellent choice for anyone who wants to keep their money safe but also remain anonymous.Despite the progress in defi, a vast majority if not all blockchain dApps (decentralized apps) are not fully decentralized. Website servers, domains and server access to blockchains, like Infura for ETH blockchain access, are still centralized and can be captured. Case in point is when UniSwap delisted all stablecoins from its “decentralized exchange” front end at the potential threat of the SEC regulating stablecoins and investigating UniSwap. Liquidity pools for these stablecoins plummeted even though they are decentralized on the blockchain. The front-end access is not.Protocols like the Internet Computer and Cartesi have solutions to decentralize front servers and cloud computing. However, the crypto industry has yet to take the final step.A regulation proof stablecoinTo be truly decentralized, a regulation proof stablecoin needs to be both crypto-collaterallized and algorithmic. It cannot have any single entity in the process like what we see in all of the physically asset or USD-backed centralized systems. Having the stablecoin backed by other cryptocurrencies gives faith in the system that there is underlying value that can be redeemed at any time without centralization. Also, it must be algorithmic to provide further price stability. This is the best possible combination of stablecoin capabilities that exists in the market.All of the processes must occur in the smart contract on the blockchain making it unchangeable and visible to everyone. Front end website, website server and blockchain access also must be decentralized with multiple, capture proof access points.Furthermore, a stablecoin cannot be pegged to a fiat currency price since most will just be inflated into oblivion. Tracking the price of a physical asset, like precious metals, is a much better store of value.Philosophically, the creation of currency should be decentralized rather than a single entity controlling the money supply for a nation. Since the best currencies have an underlying asset, the collateral owner should be the one earning the interest.BankX is building this type of a fully decentralized, trustless, silver-pegged stablecoin where you earn interest the entire time it is in circulation. If you would like to learn more, join: r/BankX

Submitted September 28, 2021 at 12:52AM

Coinbase collects a lot of user data and that’s not OK. They are the Facebook of crypto.

I can’t wrap my mind around how much data Coinbase collects from its users. In my opinion, it’s unethical and goes against everything cryptocurrency stands for.According to their Data & Privacy page, Coinbase may collect the following types of information:Personal Identification Information: Full legal name, date of birth, age, nationality, gender, signature, utility bills, photographs, phone number, home address, and/or email.Formal Identification Information: Government issued identity document such as Passport, Driver's License, National Identity Card, State ID Card, Tax ID number, passport number, driver's license details, national identity card details, visa information, and/or any other information deemed necessary to comply with our legal obligations under financial or anti-money laundering laws.Institutional Information: Employer Identification number (or comparable number issued by a government), proof of legal formation (e.g. Articles of Incorporation), personal identification information for all material beneficial owners.Financial Information: Bank account information, payment card primary account number (PAN), transaction history, trading data, and/or tax identification.Transaction Information: Information about the transactions you make on our Services, such as the name of the recipient, your name, the amount, and/or timestamp.Employment Information: Office location, job title, and/or description of role.Correspondence: Survey responses, information provided to our support team or user research team.Online Identifiers: Geo location/tracking details, browser fingerprint, operating system, browser name and version, and/or personal IP addresses.Usage Data: Authentication data, security questions, click-stream data, public social networking posts, and other data collected via cookies and similar technologies.If you are using iPhone, check out the Coinbase Pro app in App Store and scroll down to ‘Privacy’ to see what data Coinbase collects from you. If you are new to crypto and don’t have a crypto exchange yet, this may be an easy tool to help you decide.Stop whining, it’s just KYC/AMLThe supposed benefit of KYC/AML is preventing money laundering and financing of terrorism — commonly shortened to anti-money laundering (AML). The reason I say “supposed” is because the worldwide AML programs do little to curb any money laundering. According to a recent study, AML worldwide has about a 0.1% success rate, while costing institutions a great deal of resources in compliance costs.But compliance isn’t the major KYC/AML cost — it’s the risk and lost opportunities that these requirements impose on ordinary people:Data leak risks: everything leaks, it’s simply inevitable;Data sharing risks: you may think you provide data to an exchange, but these data are going to be shared with third parties and government agencies;Personal risks: leaked or stolen data can be used against you in an attempt to steal your coins, both remotely (phishing) and physically (home invasion);Confiscation risks: laws change all the time and there might come a time when a 6102 type of legislature is passed;Lost opportunities: people from sanctioned countries or without required documentation are ostracized from using bitcoin-related services in the same fashion as from the legacy finance industry.On top of these risks, consider the public nature of the Bitcoin blockchain. When you buy bitcoin on an exchange that has your full identity, this exchange can track your withdrawal and subsequent transactions. In fact, exchanges regularly cooperate with chain analysis companies that make it their business to track users’ transaction behavior.KYC’d bitcoin is surveilled bitcoin.

Submitted September 27, 2021 at 10:07PM

Anthony Scaramucci says only about 10% of financial institutions are buying crypto but it's like a "feeding frenzy" among the ones getting involved. He predicts one of the big banks will "end up buying a Coinbase or something crypto-related" as a way to gain a big presence in the crypto world.

https://ift.tt/3kM18rQ

Submitted September 27, 2021 at 07:40PM

More than $130 billion pours into crypto market in 24 hours despite China ban

https://ift.tt/3oaMbBv

Submitted September 27, 2021 at 07:47PM

What "popular" blockchain do you think will fail?

I recently posted on Factom, an often mentioned blockchain in 2017 that is now a failed blockchain. Not every blockchain that is around today will survive the next 5 years. It can be hard to see a failing blockchain because they often drop during a bear market, when everything else drops, but then do not bounce back during the next bull market.What "popular" blockchain do you think will reach its ATH during this bull run and not bounce back after the next bear market? (include why)**please do not downvote everyone who comments a blockchain that you are bullish on and think they are completely wrong about

Submitted September 27, 2021 at 08:43PM

I’m building a 7 coin portfolio. Help me choose the remaining 4 coins.

Based on the below post, I’ve decided to diversify my DCA into 7 of the top market cap coins each week.https://ift.tt/2ZqTef2 far, I already have:BitcoinEthereumXRP????Which 4 coins should I add to my portfolio? Feel free to list your top 4 pick. Here’s what I’m eyeing right now:ALGOAVAXDOTHBARMATICSOLAll input welcome. Thank you in advance!EDIT:You guys are awesome, thank you for all the great suggestions. I read through every single comment. Based on the recommendations, I’m going to add:SOLDOTLINK (thanks to everyone who convinced me on this one, been doing some research this morning and LINK looks extremely promising).ALGOI’m willing to trade out my XRP for either MATIC or ADA if someone can explain why I should. Why is XRP is being shit on so much? If it gets relisted on most exchanges after the lawsuit ends, wouldn’t that automatically make the price explode, at least for a little while?

Submitted September 27, 2021 at 06:27PM

President Nayib Bukele: “Chivo Is Not A Bank, But In Less Than 3 Weeks, It Now Has More Users Than Any Bank In El Salvador With 2.1 Million Salvadorans Actively Using Chivowallet”

https://ift.tt/3i7oiHe

Submitted September 27, 2021 at 07:48PM

Algorand 3.0 will be released to MainNet on Sep 29th!

HighlightsThis release features the 1.0 version of AVM, extending Algorand's smart contract capabilities for even greater composability. Highlights in this release include:Application transactions: the ability for smart contracts to execute transactions on directly on chain.App cost pooling: larger contract size, by combining the budgets across an application group.Increased account smart contract limit to 50More smart contract opcodes to improve composability (inner transaction references, verify ECDSA, log, and others)ChangesAVMAddedAdd GroupID as an accessible global field in AVMAdd opcodes for dynamically indexing into Txn array fieldsImplement verify ECDSA secp256k1 opcodesIntroduce itxn to get inner transaction resultsSmart contracts can issue transactionsloads and stores opcodes that take scratch slot from stackChangedBetter naming for extract opcodesCheck if tx_field can be set with tables instead of switchDry run should return opcode cost usedEnsure that AssetCreator is not used before proto.LogicSigVersion=5 and unify field handlingExpose nonparticipation txn field in tealIncrease max app opt ins to 50Make config.MaxLogCalls dependent on some consensus paramUse math.bits intrinsics to simplify addw/mulw opcodesFixedEnsure disassemble/reassemble cycle works in testProgIncrease coverage in AVM code and bug fix in account fields of tx_fieldGoalChangedDisplay app address in goal app info& show logs are binary in REST APIDisplay extra pages in goal info commandsFixedFix enumeration bug with using Ledger Nano S and goalLedgerAddedAdd ledger.GetBlockAddresses()ChangedFix overriding consensus parameters in evaluator.Simplify startEvaluator()NetworkFixedFix ParseHostOrURL and enable expect testsToolsChangedImprove error message in update.sh when updater is corruptNetgoal - add account balance rangeTestsChangedPer-client RAM measurement scriptsSplit expect tests into separate circleci groupFixedData race in tests: TestApplicationsUpgradeOverREST raceDisable deadlock for netgoalFix TestStartAndStopFix auto-gen testsFix goalNodeTest.expFix issue with checking RUN_EXPECT when listing packagesFix partition recovery testsFix pingpong teal testFixed a typo in e2e.sh for integration testsUpdate pingpong transaction sending logicOtherChangedAdd comments for protocol hash IDs and tagsChecking CircleCI tests run once and only onceFix go vet issuesLimit the number of buckets in verifiedTransactionCacheto 3Remove codegen from travis file

Submitted September 27, 2021 at 07:13PM

Awesome news for BAT - Our favorite Browser just got faster: Brave reduces the page load performance cost of its adblocker

https://ift.tt/3ET3qNL

Submitted September 27, 2021 at 05:27PM

Crypto Market gains Massively after China FUD instead of Crashing: People seem to no Longer Care about the Monthly China Scare

https://ift.tt/3EYFTLw

Submitted September 27, 2021 at 04:02PM

Three fake pancakeswap apps exist on android play store

My dear crypto friends, pay attention (expecially for New user). If you have Heard of pancakeswap service, be aware that it does exist in web version only. NO APP VERSION. Today i opened Google play store to check some updates, instead i encountered a pancakeswap app. HOLY F*CK i said, how was It possible that i missed a official app release? I had not. Like Always, scammers. They created THREE fake pancakeswap app in order to steal your private key. Thousands of download. Now stop reading this post and go report those scammers, maybe leave a bad review if u can so that people be aware

Submitted September 27, 2021 at 07:15PM

Rich Dad Poor Dad Author Issues Stark Warning, Tells Investors To Grab Bitcoin and Ethereum Before ‘Giant Stock Market Crash’

https://ift.tt/3kF435n

Submitted September 27, 2021 at 04:20PM

I’m Quitting my job because of crypto

As title says, I started investing in crypto (and losing eventually) some money, but this happened to open my mind to what money is all about. Your wallet ( physical) can be filled with money, but someday for reasons that are not totally depending on you, the time that you spend having some of it could be all thrown to trash. I decided to live my life, to enjoy what I was really meant to be and this inspired me to create my own business that actually makes me forgot about the charts. What I really want to say to you guys is that you should do whatever makes you feel comfortable, is never to late to start working on your dreams, live your life and,eventually, money will come to you. It’s all about being wealthy, not rich.

Submitted September 27, 2021 at 03:12PM

Some apps I use to buy gift cards using crypto

Just sharing these platforms I found where you can buy gift cards using your cryptocurrency.Gyft - you can pay using only bitcoin. Convenient for Starbucks, Uber Eats and TargetBitrefill - you can pay using bitcoin. Best place to buy Amazon gift cards.Coinsbee - you can pay using bitcoin, ethereum and more they accept 50 different cryptocurrencies. Recommended to gamers since Steam, Nintendo, Fortnite and other in-game credits are being sold here.Mimble - you can pay using dogecoin and bitcoin. Offers AMC, GameStop, Burger King Dominos and more.This might be common knowledge for some but I did not know about this till a few months ago. Hope this could help someone out there :)

Submitted September 27, 2021 at 01:56PM

A Bitcoin miner is buying power plants to mine crypto now

https://ift.tt/3o4TNFM

Submitted September 27, 2021 at 06:10AM

Citadel CEO Ken Griffin lied under oath, turns out Citadel had collusion with Robinhood - This is why you should never have your assets on Robinhood or Citadel

https://ift.tt/2XWwcMW

Submitted September 27, 2021 at 05:43AM

Daily Discussion - September 27, 2021 (GMT+0)

I invest all my money in crypto and I am aware of that. But it is my only way to ever achieve my dreams and financial independence. Fortune favors the brave.

I invest only in crypto and also invest most of my money in crypto. Two big mistakes for most people here. I am aware about that. I could invest in stocks, silver or some other safer things. But it would be waste of money in my opinion. Those things are less profitable than crypto, so I would waste my time. For the same reason I invest almost all of my money in crypto, not just some. But I can afford that, I am student, I live with parents, I have no girlfriend/wife and no kids. I don't need most of my money. I earned or saved them myself, so I can do whatever I want with those money without regrets. And I live in europe, so whatever shit happen I still will not need my money, healthcare is "free".I do not buy shitcoins or believe in 1000x profits in few weeks. I risk, but I am not an idiot or gambler. I believe crypto is the future, and it will grow. I diversify between different coins. This is all well calculated. If crypto will grow a lot, in which I believe, I will be the winner. I think most people here are afraid too much. I believe in crypto technology. It will change the world and I want to be part of that. If it will go to zero I will be not sad cause I lost some fiat, but because so beautiful idea failed. Fail of crypto would harm my pride and humanity more than my pocket.I want to be rich from crypto in few years. I don't want to keep investing safe and wait 30/40 years, because it is waste of life. If I will lose all invested money then fine, I am prepared for it. I will be like all those other people that never tried. Better try and lose than whole life ask "what if?". Crypto is life time opportunity, last one was internet, but it was before I was even born. No no know what or when will be next one.People have small dreams or none at all. Average life, working 9-5 is not for me. I don't want family and boring job. Formal education do not give big opportunities. I still study at university, so I have doors open. I can have good well paid job, but it still will be 9-5, working for someone else success. No thanks, I want have my own company, change word for better, not support rat race. Most people don't want to persue their dreams. All people had dreams as kids, most grow up and settled for reality, but some people still dream. I prefer to dream, invest in crypto and risk.I have a lot of hobbies, I love reading and dreaming. I don't want to be part of the crowd. I want to do great things. Maybe it is naive, maybe not. Crypto is my only way for that, I am poor, I see whole my life like people waste their lives. I will change my life thanks to crypto or even without it. I live in europe, so even if I would end homeless I would have free healthcare, free food, free clothes and place in shelter. Even if I would have no money I would be fine. And in worst case I could travel around european union. All of it is better than lack of dreams. I believe thanks to crypto I will be rich, even if not, I will not stop trying. Many successful people failed or went bankrupt a lot of times before they achieved their dreams. What they had in common was that they never gave up.Of course it is not any advice, it is risky and probably not for most of people. It is just one of many different ways to look on investing in crypto.

Submitted September 27, 2021 at 05:39AM

The “economist” who is behind USA regulatory attack on crypto is the same guy who crashed the economy in 2008! Gary Gorton whose paper compares crypto to wildcat banking, was in AIG and devised faulty models that failed to account for mortgage defaults, leading to a $185 Bn Taxpayer bailout of AIG.

https://ift.tt/3umeD4E

Submitted September 27, 2021 at 03:28AM

United Arab Emirates legalizes cryptocurrency trading

https://ift.tt/2W8jkSO

Submitted September 27, 2021 at 03:42AM

Leaked Documents Show that Citadels CEO Lied Under Oath about a Collusion Between Robinhood Stopping Trades and Citadel: Do You Really Want Them to Control Your Crypto too?

https://ift.tt/2XRWyPL

Submitted September 27, 2021 at 02:29AM

Dolce & Gabbana Wants to Crown Dogecoin Fan Elon Musk as "King of Crypto".. I prefer "Clown of Crypto"

So today, the 26th of September 2020, the official twitter of Dolce & Gabbana tweeted the following:Dolce & Gabbana tweet about crowning Elon MuskThe Doge Crown, which features seven blue sapphires and 142 diamonds, was designed by none other than Domenico Dolce and Stefano Gabbana themselves.However, the crown has nothing to do with the meme cryptocurrency or its most famous cheerleaders since it was named after the former title of the supreme authority of Venice.I believe it is time that we stop praising elon musk for doing literally nothing else than pumping a shit memecoin.He is not, and will never be the King of Crypto.Hail Vitalik!

Submitted September 27, 2021 at 02:02AM

Most people on this sub don't have their own opinions. They just repeat what is popular at the moment. Don't be like them.

People's opinions on this sub change like wind. One day they love something other day they hate it or other way around. Problem is that most of them have no idea what they even talk about. They just like sheeps follow trends, cause they see people praise them for it. And all trends are temporary. One day on this sub everyone love some coin cause it is growing, even if they never heard about this coin before, or hated it. Next day when coin stop growing or we have some bad news everyone will hate coin with full passion. Mindless hypocrisy at the finest.Of course not all people here are like that. Some are loyal to their coins and do not FOMO in everything that is shilled at the moment and do not spread FUD just because some ignorants panic without a reason. Having your own believes is always better strategy. If you believe in your coins you don't need to be like mindless mirror that repeat every news. Jost HODL, most infos do not concern you, let other people sell or buy at the heat of the moment. Have long term strategy, if you want to buy or sell just do it. If market is not the best, simply wait. Don't do things you don't want just because some randoms at reddit advice you.Most people here are panickers and FOMOers. They panic if market is just -5% red or they dream about lambos if it is +5% green. It was always like that and probably always will be. This subreddit and most crypto investors work like that. You need to accept it. Some people grow up, many don't. They will always panic, and do whatever other people here tell them. Buy this, sell that, crypto is ending, or maybe not. Just ignore it.

Submitted September 26, 2021 at 11:54PM

Deutsche Bank says Bitcoin could potentially be the 21st century gold. Cryptocurrencies are "too important to ignore"

https://ift.tt/3lPHWIP

Submitted September 26, 2021 at 10:44PM

TOP #3 BTC Holder is the chinese government

The chinese government holds a huge amount of Bitcoin, that makes it obvious that everytime they try to spread fud that means they are accumulating more Bitcoin, they know BTC is indestructible, you can't destroy it no matter how much fud, it will always survive long term and will be stronger. They keep on doing it over and over again, they shoot their own foot because they know the foot will heal just like a lizard.The fact that they are the TOP 3 BTC holder is extremely underrated and peolpe don't give it enought credit and it is a huge deal and it shows their true intentions.source: https://ift.tt/2XZ32MU you know they had this much BTC?Why are people ignoring this fact?When do you think they will sell their holdings?

Submitted September 26, 2021 at 09:16PM

Should you talk about crypto currency on your first date?

You start talking about interests/hobbies, future goals yadda yadda and you run out of things to say, should you resort to talking about crypto currency?Apparently, only 5% of bitcoin users are women and so the chances of her also being into crypto are rathe low. There is also this tweet, which also has considerable amount of likes and retweets, by Jessica Huseman who says that:"All I’m saying ladies is that if he brings up bitcoin or blockchain unprompted in the first date there shouldn’t be a second."But on the other hand, some of the comments on that tweet are rather postive and speak out agains the message. This got me thinking:"Maybe my date will be the one that brings the topic up."Argh, this is getting so tiresome and maybe you guys can share some of your experiences, if you have any.

Submitted September 26, 2021 at 10:56PM

What are you gonna do if a black swan event happens?

You wake up and check the charts: BTC is down 30% and Alts are crumbling.You hurry to see what is happening and it's all over the news: [insert black swan event here]The market is on a downtrend and your portfolio is going down at each minute.Do you pull everything out or just HODL?I've always wondered what would be the best thing to do and if I should just pull it out on a downtrend and just comeback in later or just let my portfolio soak it all inOne way to be prepared is taking profits, which I'm already am, but I feel I should be ready to take advantage of this situation too

Submitted September 26, 2021 at 08:06PM

Apple stock is worth more than entire crypto market. We are still early

Once in a while this subs get this question, are we really early?Answers will vary, but two most common answers are:Yes we are still early, btc to 1mNo, btc is to highI want to make short compassion between two markets, crypto and stock market.Entire crypto market is worth around 2T today. One of the richest companies today is Apple, and their stock have market capitalization of 2.4T. If we count only top 10 stock, we will get market capitalization above 13T.We are still early. I don't say crypto will get valuable like stock market anytime soon, but it still have a lot of room to grow.If our wildest dreams comes true and some cryptocurencies got recognized as global payment currency, we can still hit the moon.

Submitted September 26, 2021 at 06:36PM

Bitcoin Plunged to $40.7k, and Spiked to $43k In Minutes. Green days coming soon.

https://ift.tt/3ERTvrA

Submitted September 26, 2021 at 08:06PM

El Salvador might put Western Union out of business by igniting Bitcoin mainstream adoption

https://ift.tt/3A3NjtP

Submitted September 26, 2021 at 07:05PM

In 5 years is it going to matter whether you bought BTC for 40 or 41k?

When investing in something like bitcoin I personally believe your goal should be to HODL a good portion of it for multiple years to come.Yes take profits along the way if you feel that it’s over inflated but for the most part majority here will HODL long term.Which brings us back to today... does it really matter whether you got it that tad cheaper or more expensive depending what day of the week you bought it? This is what DCA is for, the easiest stress free way to invest as time goes on.Be comfortable in your own strategy and don’t get caught watching the charts every 5 mins it will be there tomorrow for you and the days, weeks, months & years after that.Buy, HODL, sell when you want to take profits don’t get caught up in the day to day bs of it all. Remember why you are doing this... whether it be for financial freedom, to provide for your family or just to have a good time it doesn’t matter.Happy investing legends !! 👊

Submitted September 26, 2021 at 03:50PM

After 7 days of leaving my assets on Nexo I have earned more interest than having 7.5k euro in my bank's savings account for 1.5 years

Year ago I have closed my savings account after 1 year maturity to see what interest exactly I have earned. I laughed when I received statement few days later giving me a breakdown of accrual - 18euro gross, 13 after taxes (my country taxes interest). After seeing that I did not extend my account and moved money.I hope crypto financial services stay legal because this is what newer generations need. Younger people will never be able to save enough with 0.01% rates while main account is in negative interest rate if exceeded certain amounts. I would move all my assets onto Nexo and other services if I had enough balls but the risk of this novel finances are too high imo, unfortunately. Governments will probably try to ban it or regulate the shit out of it soon enough.

Submitted September 26, 2021 at 05:59PM