Studies show mining Bitcoin is 3.5 times more expensive than digging up actual gold

https://ift.tt/Ti5smhB

Submitted March 31, 2022 at 06:56AM

Daily Discussion - March 31, 2022 (GMT+0)

Welcome to the Daily Discussion. Please read the disclaimer and rules before participating. Disclaimer:Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams. Rules:All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.Discussion topics must be related to cryptocurrency.Behave with civility and politeness. Do not use offensive, racist or homophobic language.Comments will be sorted by newest first. Useful Links:Beginner ResourcesIntro to r/Cryptocurrency MOONs 🌔MOONs Wiki Pager/CryptoCurrency Discordr/CryptoCurrencyMemesPrior Daily Discussionsr/CryptoCurrencyMeta - Join in on all meta discussions regarding r/CryptoCurrency whether it be moon distributions or governance.

Submitted March 31, 2022 at 07:00AM

Manipulation Report: The Helpful Network

Mods do a lot of behind the scenes work to handle manipulation privately so the attackers do not learn our methods and evade them, but in certain cases like this one I believe it is good to show people what to look out for. Like with phishing, no matter how many protective measures you put in place, knowing is half the battle. If you are interested in this topic, SmarterEveryDay did a good series about manipulation on social media. There are videos for YouTube, Facebook, and Twitter. Reddit was not included but it does face very similar challenges as outlined by the admins here.The Helpful NetworkWe recently started tracking a network of accounts doing astroturfing work on crypto reddit. If you browse the profiles listed below, you'll see them having super organic conversations with each other, where they recommend and advertise various crypto projects. One account will have a question and another will kindly jump in with just the answer they are looking for! And then they'll go follow that user to other posts and subreddits to be helpful and answer their questions there too.u/aechieeu/ambitiousad7027u/antony_hipsu/gibson_monku/ham_harrisonu/hello_gunu/kollin_ronu/kris_angelsu/kriss_pruvestu/lanfgyu/mallamwau/natures-magicu/nightmarekrolu/norman_ked (archive)u/questybu/semmonryu/vins_grummeru/x-tronerThis group is humorously bad at pretending to have conversations with themselves, but it won't always be this easy to spot. There are some common signs of inorganic accounts that you should know to look out for. Some other behaviors and indicators associated with these types of accounts I would like to add:Karma farming to bypass our karma requirements by either begging in /r/freekarma4u or posting agreeable content like "cute cat" in r/aww or "fookin kneelers" in /r/freefolkPosting in other crypto subs with little to no moderationZombie accounts: The post history shows a complete change in behavior at a certain point, usually associated with a long gap in posts. This change is typically when the account is sold and begins full time shillingPosting in old threads where they won't be downvotedAnd finally in r/CryptoCurrency specifically, they will usually have little to no MoonsPrevious Reports:Manipulation Report: The XMR Spam Attack. 424 known accounts, 25 subreddits, and 13,280 spam commentsManipulation Report: The Fun Space GroupCrypto Reddit Manipulation Report: Dream Network

Submitted March 31, 2022 at 03:33AM

The SEC is a joke and their enforcement is shambolic

The SEC only targets low hanging fruit - pat themselves on the back - make a public statement about it - then don’t even care about the legal follow-through.They never want to target cases or companies that are difficult, challenging, or embarrassing. They’re an agency that polices broken windows on the street level and rarely goes to the penthouse floors!They contact blockchain businesses that are holding token sales and force them to close and refund investors. They claim to “maintain fair, orderly, and efficient markets, and facilitate capital formation” but play nice to big corporations, while employees take very high paying private sector jobs after working there!They shells out billions and billions of fines each year but a large number of those fines go to big banks, some of the most evil companies on earth!!Their enforcement division is measured by only two metrics, the number of cases filed and the monetary penalties - more than half of SEC employees are made up of enforcement personnel and examination staff - they need serious reallocation of their resources! Enough is enough!! Gary you might have taught that MIT class but you have no business ‘regulating’ the future of global finance!TLDR; The SEC is a useless government body that does NOTHING to actually protect investors, only favors big business, and should stay the HELL away from cryptocurrencies.

Submitted March 31, 2022 at 12:28AM

Getting an Uber is a simple concept but may be difficult to explain to someone 30 years ago as you would need to explain the internet, smart phones, apps, etc. What relatively mundane concept today (like hailing a cab) will be completely revolutionized as blockchain/crypto technology is built out?

Most of the time when folks try and picture a new technology they apply it to todays standards and often completely miss the mark.There are many examples but the process of ordering an Uber/Lyft is one where the concept is very simple and understandable (hailing a cab) but may be difficult to explain to someone 30 years ago as so much technology has built on top of itself to allow it. (High speed internet, smart phones, apps, GPS, etc.)What simple task today will be done in a completely new fashion in 2-3 decades as the technology infrastructure of crypto/blockchain continues to be built out?Edit: Not sure why some are hung up on the Uber example. Its not the point of the post folks.

Submitted March 30, 2022 at 11:44PM

Will ETH Lead The Next Bull Run?

Ethereum (ETH) volumes appeared to be converging with those in its larger peer Bitcoin BTC, recent data showed. The world’s second-largest cryptocurrency has seen a spike in interest this year ahead of a widely anticipated shift to a proof-of-stake (PoS) model.ETH price has surged over 20% in the past two weeks, and was trading at around $3,400- close to breaking even for the year. Daily volumes have also steadily risen, averaging at roughly $20 billion over the past week.BTC price also shot up to 2022 highs this week, and was trading around $47,000. But while volumes did increase, they were substantially lower than the massive amounts of liquidity seen in 2021. Still, the world’s largest cryptocurrency commanded over 40% of total crypto market capitalization.But the latest crypto rally has also seen several altcoins vastly outperform BTC, while notching record highs in market capitalization. A similar scenario was observed during the start of the 2021 rally, which had eventually challenged BTC’s dominance.And so the question is will ETH lead the next Bull Run?https://ift.tt/Krmbj0R

Submitted March 30, 2022 at 10:11PM

What is your opinion on play-to-earn crypto games?

The traditional gaming industry as we know it is being disrupted by GameFi projects and play-to-earn games. These blockchain-based monetizations of the gaming experience are effectively play-to-earn crypto games. Players play to gain prizes rather than to win, which is what sets them apart from typical games. The ability to compensate players for their time and effort is, unsurprisingly, at the root of the quick rise in popularity of these play-to-earn games, often known as GameFi. Who wouldn't want to make money while having a good time? The future of gaming is PlayToEarn. While playing games, users must earn NFTs or crypto tokens!I have been on crypto royale(a coin that may be obtained through blockchain-based gaming. Users can join a game by joining a battlefield, and the last person standing wins a little amount of money in the form of bitcoin.), Gods Unchained(is a truly competitive trading card game based on the blockchain that rewards you for playing. Players must outsmart their opponents by constructing formidable decks and employing combat techniques.), Axie infinity(In the field of NFT gaming, Axie Infinity is the undisputed leader. NFTs represent in-game digital assets such as the Axie animals. As previously stated, these cryptographically unique tokens confer ownership and allow players to exchange axis for real money on the game's marketplace.), splinterlands(Winning battles is the most common way to acquire DEC. DEC is awarded to you according to your level, your opponent's level, and your capture rate in each combat. As you win, your capture rate decreases, lowering your payout, but it progressively replenishes between wins) and ENGN which i have recently grown much interest on(When a typical game is played, it responds to the player's inputs and creates reactions within the game world using the language it was written in and the game mechanics engine it was built on. The outputs are displayed either graphically or as achievements in some way whenever the player has won a round, mission, or finished a task. ENGN now kicks in. ENGN translates the user's blockchain data into data that the game environment can interpret. ENGN identifies the game environment's outputs and converts them to data that the blockchain can comprehend.)What are your opinions on this?

Submitted March 31, 2022 at 12:32AM

Daily Discussion - March 30, 2022 (GMT+0)

Welcome to the Daily Discussion. Please read the disclaimer and rules before participating. Disclaimer:Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams. Rules:All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.Discussion topics must be related to cryptocurrency.Behave with civility and politeness. Do not use offensive, racist or homophobic language.Comments will be sorted by newest first. Useful Links:Beginner ResourcesIntro to r/Cryptocurrency MOONs 🌔MOONs Wiki Pager/CryptoCurrency Discordr/CryptoCurrencyMemesPrior Daily Discussionsr/CryptoCurrencyMeta - Join in on all meta discussions regarding r/CryptoCurrency whether it be moon distributions or governance.

Submitted March 30, 2022 at 07:00AM

Let's face it. Most of us see Crypto as a investment like stocks not a currency.

While this sub actively wants that as many countries and people as possible would use Crypto as an actually currency so that it replaces the dollar in a more decentralized way. On the other side we all also want that Crypto just keeps doing 10x every year so that we make a lot of money.Don't know about you but having something as a world currency that occasionally does a 10x up and down, seems chaotic to say the least.And I personally think it's completly okay to see Crypto as a investment than a currency right now. But I would also say that at one point Crypto will be so big that it would be stabke on the price. Meaning we won't see any major dips but also not any 10x or so over a short period. This may be the only way of Crypto as a currency.Obviously we all want to make some money but the greater cause of Crypto wouod not fulfill that. And I'm ready that one day Crypto won't be as fun as today but more useful to everyone.

Submitted March 30, 2022 at 12:40AM

Ronin bridge was hacked to the tune of 173,600 ETH

https://ift.tt/oDK4EJY

Submitted March 29, 2022 at 10:44PM

Ronin had 9 validators (wow!)...and the team controlled all of it.. and still managed to get hacked! What a joke

This is what Ronin's team looks like.When you do all the work yourselfNow there is almost $600m worth coins stolen from this shit show that the hacker will be looking to dump. While CEX have blacklisted the hacker's address already, nothing is stopping him from dumping all of it on DEX. He can play with the market though cashing out would seem difficult at this point.Even Tornado cash is not 100% fool proof, as the recent NFT rugpull bust by DOJ suggests.. In that case the rug pull scammers used tornado to wash their coins but still got caught.In this case it seems the hacker is already sending funds to CEX which means he is most likely KYCed or using fakes..

Submitted March 30, 2022 at 12:11AM

Ronin bridge was hacked to the tune of 173,600 ETH

https://ift.tt/oDK4EJY

Submitted March 29, 2022 at 10:44PM

Oh no… Will Smith Slap Inspires New Token Will Smith Inu And It Rallied 10,000% After Oscars Assault

https://ift.tt/6EdQCmM

Submitted March 29, 2022 at 01:03PM

A $350,000 Bored Ape NFT was just sold for only $115

https://ift.tt/PeIQNqV

Submitted March 29, 2022 at 01:01AM

I’m so full of shit.

Every time we get into a dip/crash/downturn, whatever; I say to myself “I’m going to pull profits the next time I see any.” And then the slightest bit of green happens, and my whole sentiment changes to “I’m never fucking leaving!”.It takes more discipline to sell than to buy. Give me two beers and a shot; I’m buying everything like I’m Warren fucking Buffet. But when it comes to selling, I am totally inept and whatever conviction I had during the bear goes straight out the window.Maybe this is my future self telling me to hold, or perhaps this is greed. Whatever the case, I’m full of shit.

Submitted March 29, 2022 at 07:49AM

Daily Discussion - March 29, 2022 (GMT+0)

Welcome to the Daily Discussion. Please read the disclaimer and rules before participating. Disclaimer:Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams. Rules:All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.Discussion topics must be related to cryptocurrency.Behave with civility and politeness. Do not use offensive, racist or homophobic language.Comments will be sorted by newest first. Useful Links:Beginner ResourcesIntro to r/Cryptocurrency MOONs 🌔MOONs Wiki Pager/CryptoCurrency Discordr/CryptoCurrencyMemesPrior Daily Discussionsr/CryptoCurrencyMeta - Join in on all meta discussions regarding r/CryptoCurrency whether it be moon distributions or governance.

Submitted March 29, 2022 at 07:00AM

Hey Redditors! I'm sending some VINU to every commenter, up to a total of 500B VINU (~$12,000)

​https://ift.tt/2nDMitU the title says, I'm giving away a bunch of VINU to everyone who comments on this thread!What is VINU?Vita Inu (VINU) is the world's first zero-fee, light-speed, dog coin with smart contracts!It is a token built on the Vite network in November 2021 by Vite enthusiasts. Much like Nano (XNO), Vite is a DAG network with near-instant transaction times and zero fees. But in addition to that, Vite is the first public chain to implement smart contracts on the basis of a DAG ledger. Because of this, VINU is the world's first dog coin with near-instant transaction times, zero fees, and smart contracts! VINU is also proudly the #1 project on the Vite chain.VINU's philosophy is to provide education about cryptocurrencies in a fun and ethical way. It does so by building a fun and engaging community around the cryptocurrency project. It is also currently sponsoring a blockchain awareness program in India (and previously Nepal), and will continue to do more for blockchain awareness elsewhere on the globe.VINU is unlike other memecoins. First, VINU is committed to paying all its community members fairly for their contributions to the project. Members receive VINU as rewards for moderating social media and community platforms, organising events, creating artwork, and so on. Second, VINU leans into transparency in legal compliance, with legal opinions valid in the EU and US. Last but not least, VINU is committed to the fair distribution of a significant portion of its total supply.VINU even has its own tipbot right here on Reddit, where our community can tip tokens without transaction fees & you’ll see it in action in the comments and over at our subreddit!Here’s some of VINU’s achievements in the past five months since its creation:Listed on Vitex, MEXC, Bitrue, Digifinex, Hotbit, Chainbits, PancakeSwapPartnered with Simplex, the world's largest fiat-to-crypto service provider.Featured on Investing.comSponsored a blockchain awareness program in India & Nepal.Bridged to BSC - VINU is now on two chains; VITE (native) & BSC (bridge).BSC Contract: 0xfEbe8C1eD424DbF688551D4E2267e7A53698F0aaBecame a supported token on tip.cc, the largest cryptocurrency tipbot on Discord.A full pixelart animation of VINU beating up ShibaAnd there’s much more planned for the project – including a metaverse (“Vinuverse”) with a full VR World, a decentralized swap (“VinuSwap”), NFTs, Games, and more.As you can see, VINU is clearly one of the top dogs!Did we mention there’s also a free faucet?How to participate in the Airdrop?You will need a Vite address to participate in this giveaway.Get your Vite wallet hereHere's a guide on how to set up your Vite walletComment your Vite address below!Follow us on our socials if you want more updates on our project: Twitter, Discord, Telegram, Instagram, Facebook, Medium (List of country-specific groups: https://ift.tt/HzZckYX giveaway will end in 48 hours, or when I run out of VINU, whichever is faster.Don't miss your chance at getting yourself some free VINU!Questions?Hop over to OUR REDDIT or join the community on Discord or Telegram.Our friendly neighborhood community moderators will be ready to help you!NOTE: We would be remiss not to point out that we’ve been hugely inspired by the Nano giveaways on this sub in the past. In fact, Vite and VINU were created to allow "feeless & instant" to be brought to Web3, and a significant number of team members from both projects were/are active Nano community members.As well, we will giveaway 5x100 dollars to random people.

Submitted March 29, 2022 at 04:37AM

Quarter of adults believe cryptocurrency to be the 'future of finance'

https://ift.tt/iqY8Ju9

Submitted March 28, 2022 at 11:26PM

We r/CryptoCurrency Podcast in 1 Hour! - Live Recording - Followed by Q&A - 11pm UTC | 7pm EST | 4pm PST

We moved our weekly r/CryptoCurrency podcast to Mondays.Come join us later today - lots to talk about this week! Bitcoin spice, NFT rugpulls, Mt Gox back in the news.... and more!Stick around for the Q&A .. all questions are fair game!

Submitted March 29, 2022 at 04:50AM