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    Cryptocurrency Introducing r/CryptoCurrency Moons

    May 14, 2020

    Cryptocurrency Introducing r/CryptoCurrency Moons

    Introducing r/CryptoCurrency Moons

    Posted: 13 May 2020 03:18 PM PDT

    Introducing r/CryptoCurrency Moons

    TL;DR: Moons are a new way for people to be rewarded for their contributions to r/CryptoCurrency. They represent ownership in the subreddit, they are tokens on the Ethereum blockchain controlled entirely by you, and they can be freely transferred, tipped, and spent in r/CryptoCurrency. Claim your Moons in the new Vault section of the Reddit iOS or Android app! It will be rolled out gradually over the next two days and will be in beta testing until later this summer.

    ​

    https://preview.redd.it/7dabft1uply41.png?width=1198&format=png&auto=webp&s=6eae6a0bb2a0caa71f76b8badf78bb0abfebbf9e

    Today we're launching a new feature in limited communities called Community Points. Community Points are a way for users to be rewarded for their contributions with a unit of ownership in their subreddit. Community Points can be earned, tipped, won, collected, and spent on unique items within a community. Each subreddit has its own stylization of Community Points, and the ones in r/CryptoCurrency are called Moons.

    A Moon

    How do you get Moons?

    Moons are distributed monthly based on individual contributions (comments, posts, etc.) that people make in r/CryptoCurrency. Reddit karma provides a basis for measuring people's contribution, but the final decision is up to the community.

    Initially, 50 million Moons will be distributed based on karma earned in the subreddit to date. The amount distributed each following month will start at 5 million and decrease by 2.5% every cycle, so that the total number of Moons distributed over time will approach a maximum cap of 250 million.

    ​

    Distribution Schedule

    What can you do with Moons?

    Moons can be traded freely and used for any number of purposes within the community. At this time, they can be used to display reputation within the subreddit, unlock exclusive features like badges and GIFs in comments with a Special Membership, and add weight to votes in polls.

    ​

    New Special Membership

    On the Blockchain

    Moons exist as ERC-20 tokens on the Ethereum blockchain, where they are managed by a suite of smart contracts that handle balances, transfers, distribution/claiming, and purchasing Special Memberships. The smart contracts and mobile apps have been reviewed and audited by Trail of Bits, an independent security firm with blockchain expertise.

    As blockchain tokens, Moons are independent of Reddit. Once you've earned them, neither Reddit nor moderators can take your Moons away or decide what you do with them. They're all yours.

    Community Points are currently in beta on the Rinkeby testnet (through summer 2020). After the feature leaves beta, Community Points will be migrated to the Ethereum mainnet. Points balances will be carried over.

    Note: If you send Moons to outside non-Reddit wallets or contracts, you are sending them to testnet addresses. These tokens will not show up in outside software (e.g. wallet apps, Etherscan) unless you switch to Rinkeby and use the testnet Moons contract address (0xDF82c9014F127243CE1305DFE54151647d74B27A).

    How to get started with your Reddit Vault

    The first Moons will soon be distributed to every active contributor in the subreddit with at least 100 karma. You can get started by claiming your Moons in the new Vault section of the Reddit mobile app, which includes more details on the start-up process and how Moons work.

    Please note that you will need to set up your Vault the first time you access it, and you will need to be on the latest version of the Reddit app (2020.17.0 or later). We will be rolling the Vault out over the course of the day, so if you don't see it now, please check back later.

    See the inspiration for Community Points and get started

    Thank you r/CryptoCurrency

    We are launching Community Points today in a couple of subreddits that have opted into this experiment and with whom we will be working closely. We are very excited to have you join us in this new beginning and we're looking forward to seeing what ideas you have for Community Points. We'll be sticking around to answer any questions you have, so please ask away in the comments below. Thank you!

    submitted by /u/jarins
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    Daily Discussion - May 14, 2020 (GMT+0)

    Posted: 13 May 2020 05:09 PM PDT

    Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.

    Disclaimer:

    Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

    Rules:

    • All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
    • Discussion topics must be related to cryptocurrency.
    • Comments will be sorted by newest first.

    To see prior Skeptics Discussions, click here.

    submitted by /u/AutoModerator
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    It’s a clown world out there

    Posted: 13 May 2020 05:16 PM PDT

    Some useful tips you may need for the next bull run

    Posted: 13 May 2020 01:10 PM PDT

    During the previous bull run, I've made some wrong decisions that have cost me a lot of money. With the halving just behind us, we may enter a new bull run.

    Here are some tips for the next bull run. Feel free to add yours:

    • ⁠never sell your whole stack

    • ⁠never trade with your whole stack. not your keys not your crypto

    • ⁠if you have life changing amounts, you are a gambler if you hodl everything for bigger life changing amounts (lots of people have been thinking "i should have, would have, could have" everyday for the last year+)

    • ⁠scale out when the log chart goes parabolic, and your grandma and uber driver and katy perry are talking about bitcoins. the difference between short term gains & long term gains is more than losing 90% of your principle. markets don't care about your timetable

    • ⁠take chunks of your profits out of crypto entirely & diversify, you can lockup a small percentage into defi and earn interest as a hedge to offset fomo

    • ⁠pay your taxes (optional?) and/or save money for a rainy day in fiat

    • ⁠set some low limit orders you don't think will hit on the way up and be patient

    • ⁠set some high limit orders on the way down to catch any fat finger trades

    • ⁠keep a few low orders on exchanges that still allow flash crashes and think of those as your reserves

    • ⁠don't ever talk to people about your gains

    • specify a strategy prior to the new bull run, including exit points and several levels at which you plan to sell parts of your stack

    • help newbies who will be attracted by the new bull run and don't shill your own shitcoins

    submitted by /u/XRBeast
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    Reddit's New Built-in Ether Vault Looks Amazing So Far

    Posted: 13 May 2020 07:24 PM PDT

    German banks cheated on European Central Bank's stress tests

    Posted: 13 May 2020 09:50 AM PDT

    MRW Bitcoin begins to stabilize over $9,000

    Posted: 13 May 2020 12:56 PM PDT

    IOV Labs Takes on Lightning Network With New Light Client

    Posted: 14 May 2020 01:45 AM PDT

    Newbie question, is there a reason why the top 10 coins except USDT has the same price graph?

    Posted: 14 May 2020 12:47 AM PDT

    Will Moons create lower quality content? Like STEEM?

    Posted: 13 May 2020 09:06 PM PDT

    Longtime steem user here, I always found that platforms that incentivize content creation brings many users out that just spew nonsense to earn points.

    At least with reddit, upvotes were already inherently worthless, but now this changes things.

    Maybe I'm wrong, maybe there will be mechanisms and users in place to downvote as needed. Steem was much less developed than Reddit, so it's possible the community can keep it in check.

    Either way, it's exciting to see that every reddit user is now 2 clicks away from getting an eth wallet.

    submitted by /u/v12marketing
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    How does Moon work?

    Posted: 14 May 2020 12:19 AM PDT

    Reading the FAQ, I have got an idea about the Moon token, it's based on etherum(erc-20 token) and all gas charges are paid by reddit by itself and we get the tokens every 4 weeks, but i can see people having tokens now. How did they get those tokens? Is it gonna cost gas for everytime a user gives another user a token even in this subreddit? Will the token be worth anything other than a tool for voting and a sign of trust? Does this mean reddit will be moving away from karma type of system to a token for every subreddit? How are they(reddit) gonna pay for all the gas costs?

    submitted by /u/dapper-detective
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    1,000 WBTC Minted Today on Ethereum Dwarfs Entire Lightning Network ⚡☠️

    Posted: 13 May 2020 08:50 AM PDT

    Over $400M in Bitcoin Moved for Less Than $1.50

    Posted: 13 May 2020 01:19 PM PDT

    Hodling For The First time, Kinda Scared (Also please don’t drag me for using coinbase, I know it sucks ass, waiting for hardware wallet to arrive)

    Posted: 13 May 2020 07:58 PM PDT

    Buying BTC in small amounts

    Posted: 14 May 2020 12:52 AM PDT

    Hi all,

    I haven't been involved in crypto for a few years now. I was wondering where the best places to buy BTC would be in small amounts on a regular basis.

    I just don't want to get ripped apart by transaction fees eating into the cost.

    Thanks

    submitted by /u/BuxtonHD
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    Where can I buy or trade Moons?

    Posted: 14 May 2020 04:00 AM PDT

    ​

    I've had this idea for a very long time about tokens implemented into social media in a good way, as opposed to say the Steemit way. I like Reddit and I use it a lot so I think this is the right platform for integrating Ethereum and ERC-20. So now I would like to know where I can buy or trade Moons? Are they listed anywhere yet? Can anyone send me a few test units to play around with?

    submitted by /u/Cha_Cha_cho
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    If You Doubt The World Needs Bitcoin, Look at the Hyperinflation Ravaging Iran

    Posted: 13 May 2020 05:29 AM PDT

    Bitwala now offers rewards for lending bitcoin.

    Posted: 13 May 2020 11:58 PM PDT

    People’s Bank of China Advocates Expedition of Blockchain Adoption

    Posted: 14 May 2020 05:40 AM PDT

    Users Are Holding $220 Million More Bitcoin Since the Halving

    Posted: 14 May 2020 01:44 AM PDT

    Reddcoin surge! Is it bitcoin halving related or something else?

    Posted: 14 May 2020 05:25 AM PDT

    So I noticed Reddcoin was spiking and jumped in and bout 30k coins. I figured it was in anticipation of the halving, but the halving has happened, yet reddcoin is still surging. Up over 50% in last few days.. does anyone know if its just following the bitcoin spike or is there something more happening with reddcoin? Its just behaving better than other alts so wondering why?

    submitted by /u/tehmaz80
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    Can anyone help with a stuck transaction despite a high fee ?

    Posted: 14 May 2020 01:38 AM PDT

    Can anyone help with a stuck transaction despite a high fee ?

    have already made the fee higher a few times with CPFP and its been stuckm for many hours

    this is the tx in question :

    https://blockstream.info/tx/4a797b846d86c4dc6d08afac5f461ab44dfdb1b5f089ef7e2fe8e0bee5b4fa46

    submitted by /u/Only1BallAnHalfaCocK
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    PSA - Scammer alert - This guys is still contacting people on Reddit asking them if they would like him to help “copy trade”

    Posted: 14 May 2020 01:25 AM PDT

    Where can I buy or trade Moons?

    Posted: 13 May 2020 11:13 PM PDT

    Where can I buy or trade Moons?

    I've had this idea for a very long time about tokens implemented into social media in a good way, as opposed to say the Steemit way. I like Reddit and I use it a lot so I think this is the right platform for integrating Ethereum and ERC-20. So now I would like to know where I can buy or trade Moons? Are they listed anywhere yet? Can anyone send me a few test units to play around with?

    submitted by /u/MountBlanc
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    Which blockchain music sites are actually "live" (i.e. have users and pay musicians in crypto)?

    Posted: 14 May 2020 05:00 AM PDT

    Hi folks,

    I've been looking into different crypto-based music distribution platforms (I´m a composer myself), and have noticed a few sites that claim to pay artists in crypto (Ujo Music, Audius, etc), but based on what I've seen so far, there are a lot of projects that look fairly dead, even though the websites are still up.

    Does anyone know of any crypto-music distribution sites that are actually working? What I mean by that is that there is a user base, musicians are actually getting paid in crypto as promised, the project team is still actively blogging/communicating about the project, etc.

    Any tips would be greatly appreciated.

    Thanks

    submitted by /u/annynbyrg
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